Avolon

113 results

‘Airlines will need ongoing access to emergency liquidity - including government support’. Photograph: Chris Ratcliffe/Bloomberg

More airlines will go out of business this year as the industry faces the loss of a further $38 billion, according to a new report. The International(...)

Norwegian Air is in examinership. Photograph: iStock

The High Court has wound up an Irish-registered company within the Norwegian Air airline group. An examiner was appointed to the airline, which owes(...)

Dómhnal Slattery, Avolon CEO (far right), said the level of airline distress “truly tested” the resilience of the sector.

It will take time for the aviation industry to recover from the Covid-19 pandemic but Irish headquartered Avolon, the international aircraft leasing c(...)

The number of people passing through the Republic’s airports fell more than 80 per cent in 2020. Photograph: Alan Betson / The Irish Times

The swift reaction by governments in Europe and further afield to the emergence of a new Covid-19 strain in Britain highlighted once again the uncerta(...)

The Republic is a key centre for aviation finance, with about 60 per cent of all leased aircraft worldwide, worth around €100 billion, held here. Photograph: iStock

Aircraft lessors could be forced to repossess planes as the Covid-19 crisis pushes airlines into bankruptcy or insolvency, industry analysts warn in a(...)

Norwegian Air’s key Irish subsidiaries got High Court protection from creditors on Wednesday in the latest bid to rescue the troubled Scandinavian airline group. Photograph: Toms Kalnins/EPA

Creditors took or threatened legal action against two of troubled airline Norwegian Air Shuttle’s Irish subsidiaries before those companies got court(...)

Some of the biggest and most profitable brands and companies operating in Ireland have benefitted from the Government’s Covid-19 wage support scheme.

* Some of the biggest and most profitable brands and companies operating in Ireland – including Brown Thomas, Avoca, Zara and Volkswagen – have benefi(...)

“The timeframe for the normalisation of air travel remains uncertain,” says Avolon chief executive Dómhnal Slattery. Photograph: iStock

Dublin-based aircraft leasing giant Avolon said it had maintained a “strong” liquidity position of more than $5.5 billion (€4.7bn) at the end of the t(...)

At the end of June, Avolon owned or managed 547 aircraft, and had ordered a further 277 from manufacturers.

Irish aviation lessor Avolon recorded a $162 million (€137.5 million) loss in the second quarter as revenues declined year-on-year from $678 million t(...)

John Slattery. Photograph: Peter Houlihan

Irish man John Slattery will replace David Joyce as the chief executive of General Electric’s aviation unit, its key aircraft engines division, as the(...)

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