Avolon ‘preparing for initial public offering this year’

Irish Aircraft lessor Avolon is preparing for an initial public offering this year, according to sources.

Avolon, which is backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore’s sovereign wealth fund, has been interviewing investment banks to hire under- writers for an IPO, the sources said.

CVC and Cinven declined to comment.