herald

Tuesday 6 December 2016

Leasing firms 'will consolidate'

Aviation

Consolidation within the aircraft leasing industry will increase in the coming years, according to Domhnal Slattery, the chief executive of Dublin-headquartered aircraft leasing firm Avolon. Avolon will be "alive to opportunities" if they arise, he said.

He was speaking as New York listed Avolon reported first quarter results.

Its net income jumped 36pc to $49m (€43.6m) in the first three months of the year, while revenue climbed 29pc to $175.7m (€156.5m).

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