An aircraft leasing firm founded by an Ennisman has received a multi-billion dollar investment.
Japan’s ORIX Aviation Systems is to take a 30% stake in Irish-headquartered Avolon, which was founded by Domhnall Slattery.
The deal is worth around €1.9 billion or $2.2 billion, and values the company at $23.7 billion.
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Irish-registered Avolon is now the third largest aircraft leasing firm by fleet value, and while it is wholly owned by a Chinese company, Domhnall Slattery remains its CEO.
