Avolon, the Irish aircraft leasing giant operated by Dómhnal Slattery, has entered exclusive talks which could likely see it bought out in the next few weeks for $2.6bn (€2.37bn).

Revenues at Irish aircraft leasing firm Avolon soared 35% to $606m (€542m) last year as the company’s market leading fleet continued to deliver value for shareholders.

Irish-based aircraft leasing company Avolon expects its initial public offering to be priced at between $21 and $23 per common share.

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.