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Full coverage: Aircraft leasing

“We are at the ready”: Inside the Government’s joint battle with AerCap to salvage Russia insurance cover

When European sanctions hit aircraft leasing companies’ Russian contracts, they stood to lose everything. Co-ordinated industry and diplomatic lobbying resulted in their insurers being on the hook instead, new documents reveal.

Thomas Hubert
28th Jul, 2022 - 10 min read

Domhnal Slattery exits Avolon cockpit

Domhnall Slattery founded Avolon in 2010 as his own "Phoenix from the flames" after the financial crisis hit his investment business hard. He is retiring from a company among the largest in the global aircraft leasing industry.

Tom Lyons
26th Jul, 2022 - 3 min read

The Irish unit of Russia’s largest leasing firm is defaulting on its bonds. Investors are lawyering up

Following recent missed payments on debts totalling $2.75 billion, bondholders including a British investment firm with Irish connections are considering their options against GTLK Europe.

Thomas Hubert
1st Jul, 2022 - 3 min read

As lessors contemplate aircraft losses, Russia’s largest bank sells its Irish aircraft leasing unit

Russia’s largest bank has sold its Irish aircraft leasing unit in the face of sanctions, with a new mystery backer appearing on its books. Meanwhile, Irish lessors threatened with the seizure of their Russian-based aircraft are combing through their insurance contracts.

S. Keyes and T. Hubert
15th Mar, 2022 - 5 min read

Moscow and the IFSC: Russia’s largest bank forced into emergency landing at Irish aircraft leasing operation

As it pulls out of European banking markets, state-owned Sberbank is also unwinding finance arrangements for dozens of airliners leased to Russian clients out of a business park in Co Kildare.

Thomas Hubert
3rd Mar, 2022 - 3 min read

“As soon as restrictions lift, the pent-up demand is obvious and travel bounces back very strongly”

Airlines have cut losses in 2021 but remain exposed to the pandemic and dependent on government supports. Yet KPMG's aviation finance chief Joe O'Mara explains that successive Covid-19 waves have revealed the aviation industry's ability to rebound.

Tom Lyons
18th Jan, 2022 - 13 min read

CityJet uncovered: How airline was grounded by mounting debts, spiralling losses and a global pandemic

Irish airline CityJet was already suffering before the Covid-19 lockdown grounded its fleet – and the pandemic made a bad situation much worse. New documents reveal the company’s torrid trading performance and its plan for survival.

Ian Kehoe
24th Apr, 2020 - 9 min read

Thriving in the aviation supercycle: From the 737 Max to the Hong Kong, Singapore and climate change threats

The total funding required for new commercial aircraft over the next five years will top $800 billion. Ireland is a powerhouse in the sector, but it cannot take its position for granted, warns Joe O'Mara, head of aviation finance and leasing with KPMG.

Tom Lyons
21st Jan, 2020 - 10 min read

Aengus Kelly: “If the US tax rates had been what they are today, would AerCap have moved? Probably not”

AerCap boss Aengus Kelly runs a company with assets of $43.1bn. In this wide-ranging interview, he talks candidly about tax, education, business and why Brexit could be a once-in-a-generation opportunity for Ireland.

Ian Kehoe
24th Oct, 2019 - 21 min read

Domhnal Slattery: “Are we a nation of storytellers anymore? Our history says we should be. But we have lost our way.”

He worked for Tony Ryan and Fred Goodwin, built a global aviation giant and lost a fortune in the crash. Avolon boss Domhnal Slattery talks about success, failure and his fears for the Irish economy.

Ian Kehoe
10th Oct, 2019 - 23 min read
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