China’s growing value and importance for the Irish economy was further underlined, this week, by pharmaceutical giant WuXi Biologics choosing Ireland — and Dundalk, in particular — as the location for its first manufacturing site outside of China.
In the pioneering days of aviation, Ireland was the point of departure and arrival for all transatlantic air traffic. And although planes no longer refuel at Shannon, we are still prominent in the industry. Ryanair is the largest short haul airline in Europe and we are major players in airport retail and aircraft leasing, says
Avolon Airspace CEO Domhnal Slattery is liable for more than $10m (€9m) to Friends First under a personal guarantee following a Court of Appeal finding “sharp practice” lead to a clause being “slipped” into a deed which, unknown to the lender, removed that liability.
Avolon Holdings, the Dublin-headquartered aircraft lessor backed by CVC Capital Partners, Cinven and Oak Hill Capital Partners, declined on its trading debut yesterday after raising $273 million (€218.8m) in a US initial public offering — the largest capital raising by an Irish company in the last seven years.
Businessman Dómhnal Slattery’s action against Friends First Life Assurance Company, which he alleges threatened to pursue him for almost $10m (€7.6m) under an alleged guarantee over funds issued to buy a hotel in Washington DC, has opened before the Commercial Court.