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Avolon could be worth up to $2bn

DUBLIN-based aircraft leasing firm Avolon, which was established by Clare entrepreneur Domhnal Slattery (pictured), could be worth as much as $2bn (€1.4bn) if it floats on the stockmarket, according to an analysis by Bloomberg.

Last month it emerged that Avolon had hired JPMorgan Chase and Morgan Stanley to explore a possible stockmarket listing or a sale of the business.

Avolon is owned by private equity firms including Oak Hill Capital Partners, Cinven and CVC Capital Partners. A listing would see it make a stockmarket debut in the United States. The Government of Singapore Investment Corporation is also an investor in the lessor.