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Avolon
Avolon is an aircraft leasing company headquartered in Dublin, Ireland. It was founded in May 2010 by Dómhnal Slattery and a team from RBS Aviation Capital
In December 2014, Avolon went public on the New York Stock Exchange (NYSE) with the ticker symbol AVOL, marking the largest listing of an Irish-founded company on the NYSE. The following year, Avolon received a cash offer from Bohai Leasing Co., an affiliated Chinese leasing and financial services company, to acquire 100% of Avolon's common shares. The acquisition by Bohai Leasing was completed in January 2016, leading to Avolon's delisting from the NYSE.
In November 2018, ORIX Corporation, a Japanese financial institution, acquired a 30% stake in Avolon from its shareholder, Bohai Capital, which is part of the HNA Group. Avolon historically made headlines by placing the world's largest order for eVTOL aircraft.
In October 2022, Dómhnal Slattery, the founding CEO of Avolon, retired, and Andy Cronin, the founding CFO, succeeded him in the position.
Avolon was established in May 2010 by Dómhnal Slattery and a team from RBS Aviation Capital including John Higgins, Tom Ashe, Andy Cronin, Simon Hanson, and Ed Riley. and received the 'Equity Deal of the Year' award from Airfinance Journal in 2011. In January 2013, Avolon announced a joint-venture aircraft leasing business with Wells Fargo. This partnership, known as Avolon Capital Partners (ACP), received regulatory approval in July 2013 and delivered its first aircraft, a Boeing 737-800 NG leased to Ryanair, in August of the same year.
In mid-2013, Avolon expressed support for changes in Irish legislation that aligned with the Cape Town Convention's Alternative A insolvency regime, enhancing protections for aircraft financing. That same year, the company initiated and completed a major asset-backed securitization through its subsidiary, Emerald Aviation Finance. In September, Avolon announced the pricing and issuance of US $636 million in fixed-rate asset-backed notes, followed by the successful closing and funding of the transaction in October. The proceeds were used to acquire and refinance a fleet of 20 aircraft, with all modifications completed within 60 days.
In November 2013, Avolon expanded its industry engagement by publishing a white paper titled Funding the Future: Matching the Demand for Aircraft with the Supply of Capital, which examined the long-term financing needs for global aircraft deliveries. The same month they also commissioned a documentary, Pioneers and Aviators: A Century of Irish Aviation, highlighting key developments in Irish aviation history and the contributions of influential figures in the sector.
As of December 2014, Avolon completed its initial public offering and was listed on the New York Stock Exchange under the ticker symbol AVOL, becoming the largest-ever listing of an Irish-founded company on the NYSE. A few months later in March 2015, Avolon published an updated analysis on the key factors influencing the economic life of commercial jet aircraft, building on their previous analysis issued in September 2012.
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Avolon
Avolon is an aircraft leasing company headquartered in Dublin, Ireland. It was founded in May 2010 by Dómhnal Slattery and a team from RBS Aviation Capital
In December 2014, Avolon went public on the New York Stock Exchange (NYSE) with the ticker symbol AVOL, marking the largest listing of an Irish-founded company on the NYSE. The following year, Avolon received a cash offer from Bohai Leasing Co., an affiliated Chinese leasing and financial services company, to acquire 100% of Avolon's common shares. The acquisition by Bohai Leasing was completed in January 2016, leading to Avolon's delisting from the NYSE.
In November 2018, ORIX Corporation, a Japanese financial institution, acquired a 30% stake in Avolon from its shareholder, Bohai Capital, which is part of the HNA Group. Avolon historically made headlines by placing the world's largest order for eVTOL aircraft.
In October 2022, Dómhnal Slattery, the founding CEO of Avolon, retired, and Andy Cronin, the founding CFO, succeeded him in the position.
Avolon was established in May 2010 by Dómhnal Slattery and a team from RBS Aviation Capital including John Higgins, Tom Ashe, Andy Cronin, Simon Hanson, and Ed Riley. and received the 'Equity Deal of the Year' award from Airfinance Journal in 2011. In January 2013, Avolon announced a joint-venture aircraft leasing business with Wells Fargo. This partnership, known as Avolon Capital Partners (ACP), received regulatory approval in July 2013 and delivered its first aircraft, a Boeing 737-800 NG leased to Ryanair, in August of the same year.
In mid-2013, Avolon expressed support for changes in Irish legislation that aligned with the Cape Town Convention's Alternative A insolvency regime, enhancing protections for aircraft financing. That same year, the company initiated and completed a major asset-backed securitization through its subsidiary, Emerald Aviation Finance. In September, Avolon announced the pricing and issuance of US $636 million in fixed-rate asset-backed notes, followed by the successful closing and funding of the transaction in October. The proceeds were used to acquire and refinance a fleet of 20 aircraft, with all modifications completed within 60 days.
In November 2013, Avolon expanded its industry engagement by publishing a white paper titled Funding the Future: Matching the Demand for Aircraft with the Supply of Capital, which examined the long-term financing needs for global aircraft deliveries. The same month they also commissioned a documentary, Pioneers and Aviators: A Century of Irish Aviation, highlighting key developments in Irish aviation history and the contributions of influential figures in the sector.
As of December 2014, Avolon completed its initial public offering and was listed on the New York Stock Exchange under the ticker symbol AVOL, becoming the largest-ever listing of an Irish-founded company on the NYSE. A few months later in March 2015, Avolon published an updated analysis on the key factors influencing the economic life of commercial jet aircraft, building on their previous analysis issued in September 2012.