We have the people and policies for recovery

LAST week an Irish aircraft leasing company, established just two years ago, managed to secure a $300 million (€219m) equity investment from the investment arm of the Singapore government.

Avolon was created by a small group of Irish managers and was backed initially by international private equity investors.

Together, they put $3.7bn to work (equity and debt) to create a fleet of 88 commercial aircraft that are now all deployed with airlines across the world.