Since March 31st, Avolon has agreed to defer rent payments due from airlines for an average of three months. Photograph: iStock

Aircraft lessor Avolon expects to defer rent payments from most of its airline customers as the Covid-19 crisis continues to ground most passenger fle(...)

The shipment is the latest in a series of consignments paid for by U2 from a €10 million donation

A third flight carrying two million face masks and 32,000 surgical gowns for Irish healthcare workers, purchased by rock band U2, landed at Dublin Air(...)

Bono felt a musical response by the band to Covid-19 was not the right response. ‘I just don’t think this is the moment for U2 to be doing a sort of Kumbaya thing. It just doesn’t feel right for me – it feels like a time for action rather than words,” he says. File photograph: Emmanuel Dunand/AFP/Getty Images

One Saturday afternoon early last month, the Minister for Finance telephoned the rock star. Paschal Donohoe’s call led, some time later, to Bono beco(...)

Whatever shape the post-coronavirus aviation world takes, Irish aircraft leasing will have to adjust to it to survive.  Photograph: Getty Images

Aircraft lessors are likely to be caught in the fallout from the Covid-19 crisis, along with the rest of global aviation. The Republic is one of a han(...)

Global travel restrictions to halt the spread of coronavirus have grounded airlines, and are likely to significantly cut demand for aircraft.  Photograph: Getty Images

Irish aircraft lessor Avolon has cancelled or postponed orders for almost 120 aircraft to help the business survive the Covid-19 crisis. Global trave(...)

Airlines and tourism-related stocks were amongst the hardest hit with countries curbing travel. Photograph: Getty Images

Hopes that the coronavirus could be contained to China vanished over the past week as infections spread around the world, countries started stockpilin(...)

Avolon chief executive Dómhnal Slattery with Leo Varadkar. The aircraft leasing company is among the world’s largest in that sector. Photograph: Robbie Reynolds

“All bets are off” when it comes to the impact of coronavirus on the airline industry, according to the chief executive of one of the world’s largest (...)

It’s likely that Avolon, founded 10 years ago by a team of aviation veterans led by  Domhnal Slattery (above left), will soon find itself on the market again

Chen Feng, founder of the debt-laden Chinese airlines-to-finance group HNA that spent tens of billions of dollars on deals in the middle of the last d(...)

The government of the southern province of Hainan, where HNA is based, is reportedly in talks to take control of the group and sell off its airline interests. Photograph: iStock

The Chinese state may bail out debt-laden HNA, the majority shareholder in Irish aircraft lessor, Avolon’s biggest backer. The news emerged as Avolon(...)

Avolon chief executive Dómhnal Slattery pictured at the company’s headquarters with An Taoiseach Leo Varadkar. Photograph: Robbie Reynolds

Aircraft lessor Avolon increased its net profit marginally to a record $718 million (€658 million) last year as its lease revenue exceeded $2.61 billi(...)

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