Avolon secures €625m in loans
Avolon, the Dublin-based aircraft leasing firm led by Domhnal Slattery, has secured a new $675m (€625m), eight-year loan. It is the single largest debt facility ever obtained by the firm.
The company's chief financial officer Andy Cronin described it as a "milestone". The money will be used to acquire up to 21 aircraft.
Avolon, which floated on the New York Stock Exchange last December, said six banks in Europe and Asia-Pacific were involved in the finance, including Bank of Ireland.