Slattery: Avolon is now in profit

Aviation entrepreneur, Dómhnal Slattery has confirmed that his Dublin-based €4bn Avolon aircraft leasing business is profitable less than two years after launching in 2010.

In an interview, the Co Clare born businessman confirmed: “We’re profitable. We broke even at the back end of 2011.”

Mr Slattery said: “We were loss making in 2011, but broke into profitability as first planned in the first quarter of this year. That was part of the original business plan.