Irish-based aircraft lessor Avolon expects to see coronavirus boost

Irish-based aircraft leasing company, Avolon, and its peers stand to benefit from the coronavirus outbreak, as airlines shore up cash by refinancing their planes, the company has said.

A sale-and-leaseback trend among airlines “will unquestionably be accentuated now, with the coronavirus,” Avolon’s chief executive, Domhnal Slattery, said after the company posted $718m (€658m) in net income for 2019.