Irish-based aircraft leasing firm in talks over sale to Chinese company

Irish-based aircraft leasing company Avolon is in talks with China’s AVIC Capital Company over the possible sale of the business, the Chinese company said in a statement to the Shanghai Stock Exchange.

AVIC Capital said its financing arm is negotiating with the relevant parties and has begun reviewing Avolon’s finances with a view to a takeover of the company, which was founded by Clare-born entrepreneur Dómhnal Slattery.

A spokesperson for Avolon declined to comment on the reports when contacted yesterday.