Avolon to double assets with more planes
Dublin-based aircraft leasing firm Avolon plans to double the size of its asset base to over $10bn (€7.5bn) within the next few years, chief executive, Domhnal Slattery told an aviation investor conference hosted by Goodbody Stockbrokers in Dublin yesterday. Avolon, founded in 2010, has just over 100 aircraft on its books that are leased to airlines around the world.
It has another 74 on order. Transport Minister Leo Varadkar also told about 70 senior investors attending the conference that the Dublin Airport Authority had turned a corner and that a resumption of dividends could be considered again in the future. The DAA has been focused on reducing its debt pile. The conference was also told how there could be as many as 500 aircraft currently flying short-haul operations around Europe that were losing money.