*Incoming Airbus CEO Guillaume Faury and Avolon CEO Dómhnal Slattery

An aviation company whose CEO hails from Ennis have this week signed an $11.5 billion deal to purchase 100 new Airbus planes.

Domhnall Slattery who is a past pupil of Ennis National School and St Flannans is the current Chief Executive Officer of Avolon. Their order for 100 aircraft consists of 75 A320neo jets and 25 of the larger A321neos.

As a result of the deal, Avolon is now Airbus’s largest aircraft lessor backlog customer. Their orderbook with Airbus increases to over 220 single-aisle and 45 twin-aisle aircraft. The new planes will be delivered from 2023 onwards. The order is Avolon’s largest ever with the European aircraft maker, and grows the Irish-founded lessor’s owned, managed and on-order fleet to just under 1,000 jets, worth more than $50bn (€44bn).

In a statement, Slattery maintained the investment “reflects our ambition to become the global leader in the sector”. He added, “We are locking in growth well into the next decade and building on our existing order book of exclusively new technology aircraft. The Avolon co-founder said the company continues to see robust demand from its customers for the A320neo family.

“This is consistent with our own market research and global fleet forecast. Our order affirms our belief in the medium-term market outlook and the strong growth prospects for our business,” he added.

Related News

burren stone walls 1
Two-day event celebrates tradition dry stone walling which has shaped The Burren
clare gaa convention 12-12-19 18 niall gilligan
All-Ireland winner Gilligan pleads not guilty to assault of boy with a stick
murt mcinerney 2
'He is a huge loss to Doonbeg, West Clare & his family' - councillors adjourn July meeting in respect to Murt McInerney
connolly 1
Connolly development for community building gets green light

Advertisement

Latest News
murt mcinerney 2
'He is a huge loss to Doonbeg, West Clare & his family' - councillors adjourn July meeting in respect to Murt McInerney
connolly 1
Connolly development for community building gets green light
teresa roseingrave 1
Roseingrave resigns as Clare LGFA Chair with McMahon & Shannon also stepping down from Executive
ladies football trophy 1
Munster LGFA intervene to postpone adjourned Clare LGFA meeting
ronan collins 1-2
Ronan Collins recalls Clare show band scene ahead of Scariff Harbour Festival performance
Premium
ladies football trophy 1
Munster LGFA intervene to postpone adjourned Clare LGFA meeting
valentines card 1
Five year Safety Order granted to Clare woman after Valentines Day card arrives from Limerick prison inmate
1 DSC_2001
Next step for Clare camogie is returning to quarter-finals says Carmody
clare lgfa football 1
Adjourned Clare LGFA meeting to go ahead after breach of confidential correspondence investigated
clare v limerick 02-03-25 brian lohan 1
Lohan: early indicators positive on all experienced Clare players returning & wide net will be cast during club campaign

Subscribe for just €3 per month

If you’re here, you care about County Clare. So do we. Did you rely on us for Covid-19 updates, follow our election coverage, or visit The Clare Echo every week for breaking news and sport? The Clare Echo invests in local journalism and we want to safeguard its future in our county. By becoming a subscriber you are supporting what we do, will receive access to all our premium articles and a better experience, while helping us improve our offering to you. Subscribe to clareecho.ie and get the first six months for just €3 a month (less than 75c per week), and thereafter €8 per month. Cancel anytime, limited time offer. T&Cs Apply. www.clareecho.ie.

Subscribe for just €3 per month

If you’re here, you care about County Clare. So do we. Did you rely on us for Covid-19 updates, follow our election coverage, or visit The Clare Echo every week for breaking news and sport? The Clare Echo invests in local journalism and we want to safeguard its future in our county. By becoming a subscriber you are supporting what we do, will receive access to all our premium articles and a better experience, while helping us improve our offering to you. Subscribe to clareecho.ie and get the first six months for just €3 a month (less than 75c per week), and thereafter €8 per month. Cancel anytime, limited time offer. T&Cs Apply. www.clareecho.ie.

Advertisement