Domhnal Slattery was struggling to understand the disconnect. His colleagues and contacts in China were increasingly concerned about the potential consequences of a virus that was devastating parts of the country. Yet the global financial markets seemed eerily unperturbed, with both sentiment and share values surging. So, 12 months ago, he sat down with his chief financial officer Andy Cronin to assess how the coronavirus could potentially impact Avolon, the aircraft leasing giant that Slattery had founded at the height of the last financial crisis in 2010. Slattery and Cronin were worried it could be a ‘black swan’ moment, albeit…
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