Domhnal Slattery heads for €31.2m pay day amid Avolon bids

The CEO of Dublin-based Avolon, Domhnal Slattery, is set for a €31.28m windfall if a planned takeover of his aircraft leasing firm succeeds.

Yesterday, Avolon confirmed it was the subject of two separate buyout offers valuing it at €2.3bn ($2.5bn).

The offers from China’s Bohai Leasing and an unsolicited offer from an unnamed party value the firm at 55% over its $1.6bn valuation when it floated on the New York Stock Exchange only eight months ago at a price of $20 per share.