Avolon

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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(...)

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(...)

Dublin-based aircraft leasing company Avolon has raised €350,000 in donations to fund a cargo shipment of personal protective equipment (PPE) in less than five days, the company has said. Photograph: Avolon

Dublin-based aircraft leasing company Avolon has raised €350,000 in donations to fund a cargo shipment of personal protective equipment (PPE) in less (...)

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(...)

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 (...)

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