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Ryanair said the 30 new engines greatly increase Ryanair's pool of spare engines to over 120, which will enhance Ryanair's operational resilience.

Ryanair investing $500m in 30 new engines

Ryanair has announced it has reached agreement with commercial aircraft engines supplier CFM to buy 30 new spare LEAP-1B engines which have a list price of $500m and which will deliver over the next two years

Business • 10 Jun

Andy Cronin, the CEO of Dublin-based aircraft leasing company Avolon

Avolon's third quarter net income rises by 24%

Dublin-based aircraft leasing company Avolon has reported higher lease revenues and net income for the third quarter of this year.

Business • 30 Oct 24

Case over leased jets stuck in Russia beginning in June

The High Court is to begin hearing a dispute around insurance claims for aircraft stuck in Russia on June 11, a week later than scheduled, after parties in the case asked for additional time to prepare.

Business • 30 May 24

The adjudicator found there had been a redundancy situation when the firm closed

Russian aircraft leasing firm must pay worker €12,000

A Russian aircraft leasing firm which closed down its Irish office when it was hit by the EU's Ukraine war sanctions has been ordered to pay nearly €12,000 to a former technical manager.

Business • 04 Sep 23

Manufacturers were accused of grossly misjudging output

Airlines now struggling with shortage of jets

China's abrupt decision to lift Covid-19 travel curbs could accelerate a global recovery in air traffic - but after widespread staff shortages, the airline industry is now struggling with a shortage of jets, financiers said today.

Business • 16 Jan 23

Aeroflot said in December that it had bought the aircraft

Irish section of Russian bank sold aircraft to Aeroflot

An Irish lessor that sold 10 Boeing 777-300ER aircraft to Russia's flagship carrier Aeroflot last year was a local subsidiary of state controlled Russian development bank VEB, two sources familiar with the matter told Reuters.

Business • 11 Jan 23

Dómhnal Slattery, the CEO of Dublin-based aviation leasing company Avolon

Difficult to do business in Russia again - Avolon CEO

Dómhnal Slattery, the chief executive of Dublin-based aviation leasing company Avolon, said he believes it will be very difficult for the aircraft leasing sector in general to underwrite new business in Russia for a very long period of time - if ever.

Business • 29 Mar 22

Boeing expects to deliver between 895 and 905 commercial aircraft in 2019, up from 806 it delivered last year

Boeing targets 900 plane deliveries in 2019

Boeing shares jumped today as the world's largest planemaker raised its profit and cash flow expectations for 2019 amid a boom in air travel.

Business • 30 Jan 19

Avolon said it will pay $10 billion for the $9.4 billion net asset value of CIT Group's leasing unit

Avolon to buy CIT Group's aircraft leasing unit

Avolon Holdings, part of China's acquisitive HNA Group, has agreed to buy the aircraft leasing business of CIT Group for $10 billion to create the world's third-largest aircraft leasing company.

Business • 07 Oct 16

China's HNA bought Ireland-based Avolon for about $2.5 billion last year

Avolon nears deal to buy CIT's leasing unit

Avolon Holdings, part of China's acquisitive HNA Group, is nearing a deal to buy the aircraft leasing assets of US lender CIT Group for between $3 billion and $4 billion, Reuters reports.

Business • 06 Sep 16

The last leg will be from Cairo to Abu Dhabi

Solar aircraft arrives in Cairo

The Solar Impulse 2 landed in Cairo on Wednesday for the penultimate stop in the solar-powered plane's world tour, two days after setting off from Spain.

Technology • 13 Jul 16

The leg from Hawaii to California will take 66 hours

Solar plane resumes its round the world journey

A solar-powered plane attempting to circumnavigate the globe has resumed its record-breaking journey.

Technology • 22 Apr 16

New aircraft orders surged 54.2% in January, new Commerce Department figures show

US durable goods orders rise after 2 month slump

New orders for US durable goods picked up in January after losing ground for two months in a row, in a sign of strength among US manufacturers.

Business • 25 Feb 16

A police dive team and RNLI took part in the search (Pic: @mattoitv)

Missing aircraft 'may have ditched into Irish sea'

The search for a missing light aircraft believed to have ditched into the Irish sea off Blackpool has been suspended due to lack of light.

News • 03 Dec 15

Avolon said there was no guarantee that a deal would be agreed or approved

Avolon to enter talks over $2.6bn takeover offer

Aircraft leasing company Avolon has agreed to enter negotiations with China’s Bohai Leasing over a takeover bid that potentially values the Irish company at around $2.6 billion (€2.37 billion).

Business • 10 Aug 15

Avolon leases aircraft to a range of airline and freight companies

Avolon sees significant growth in revenue, income

Aircraft leasing company Avolon has seen a significant rise in income during the first six months of the year on the back of growing sale and leaseback deals with a number of international airlines.

Business • 05 Aug 15

The six-engined, 32-wheeled, plane touched-down this morning (pic: Sean Curtin photography)

World's largest aircraft lands in Shannon

Hundreds of people have turned-out to catch a glimpse of the world's largest jet, which landed this morning at Shannon Airport.

News • 12 Apr 15

Avolon's revenues for last year came to $606m

Avolon's full year revenues fly 35% higher

Iternational aircraft leasing company Avolon has reported revenue growth of 35% for the year to the end of December.

Business • 03 Mar 15

Dublin-based AWAS is one of the leading aircraft leasing firms in the world

Macquarie in talks over AWAS plane portfolio

Australian bank Macquarie Group’s aircraft leasing subsidiary is in exclusive talks to buy a portfolio of new planes from Dublin-based leasing firm AWAS for more than $4bn, according to people familiar with the matter.

Business • 09 Jan 15

A massive order from Boeing in July saw the August figures down sharply in comparison

US durable goods hit by fall in aircraft orders

US durable goods orders were dragged down by volatile aircraft orders in August after an extra-strong July, but the overall growth trend remained strong, data has shown.

Business • 25 Sep 14

The Boeing 737 MAX 8 offers eleven more seats than previous versions of the jetliner

Ryanair to buy 100 Boeing jets in $11bn deal

Ryanair has agreed to buy 100 Boeing 737 MAX 8 jetliners in a deal worth close to $11bn at current list prices.

Business • 08 Sep 14

US fighter jets were scrambled to an unresponsive aircraft in the Caribbean

Plane with unresponsive pilot crashes near Jamaica

A small, private US plane with an unresponsive pilot is believed to have crashed near Jamaica after veering far from its destination in Florida.

News • 05 Sep 14

The plane crash landed at an airstrip near Tandragee

Two injured in Co Armagh plane crash

The pilot and a passenger of a light aircraft have been injured after the plane crash landed in Co Armagh this afternoon.

News • 25 Dec 13

Orders for long-lasting manufactured goods up 3.6% in May

US durable goods orders up 3.6% in May

US businesses boosted orders for long-lasting manufactured goods in May and a measure of their investment plans rose for a third month in a row.

Business • 25 Jun 13

The rise was driven by increased aircraft orders

US orders for durable goods rises in December

US orders for long-lasting manufactured goods rose sharply in December, helped by a strong gain in aircraft demand.

Business • 28 Jan 13