Standard Life disinvests from airlines

It just gets worse and worse for our nation's airlines. First Ryanair announce that they aren't making any money (boo hoo!), then Standard Life decide that investing in aviation is no longer ethical.

Standard Life Investments, which manages £588.5 million through its Socially Responsible Investment (SRI) range of funds, made the move after almost one-third of its customers who took part in an annual survey called for airline shares to be excluded. Scottish Widows already excludes airlines from its ethical-fund products, and it appears that more investment funds are likely to follow suit.

Of course, they're probably going to keep their unethical money in the industry, but it's a start. Royal Bank of Scotland are still the biggest investors in the aviation sector, so maybe it's time to turn up the heat on them?

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