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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

Aengus Kelly, the chief executive of AerCap

AerCap raises full year earnings guidance

The world's largest aircraft lessor AerCap has raised its full year earnings guidance for 2024 after a strong first quarter performance.

Business • 01 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

The application was made in the High Court today

High Court asked to wind up Russian owned Irish firms

The High Court has been asked to wind up two Irish registered companies that are part of a group involved in the leasing of aircraft and ships with an estimated worth of over US$4.5 billion, which are ultimately owned by the Russian Federation.

Business • 19 Apr 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

There was only one large letting in excess of 4,645 sq m signed in Dublin during Q2

Decline in Dublin office space leasing

The amount of office space leased in Dublin during the first half of the year fell by 35% on the same period in 2015 to just below 90,000 sq m.

Business • 18 Jul 16

Avolon delivered eight new planes to seven airlines in six different countries in deals with $350m in the third quarter

Avolon reaffirms its full year guidance

Aircraft leasing firm Avolon Holdings has reported a 33% increase in net income for the third quarter.

Business • 11 Nov 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

SMBC Aviation Capital is to buy 110 Airbus A320neo aircraft

SMBC Aviation to buy 115 Airbus aircraft

Dublin-headquartered SMBC Aviation Capital is to buy 115 aircraft from Airbus, in a deal with a list value of $11.8bn.

Business • 15 Jul 14

Leasing