Outbound deals accounted for half of all Irish-related merger and acquisition (M&A) transactions last year; the highest level on record, new data shows.

The multi-billion euro aircraft leasing industry here paid Irish corporation tax of only €23m last year.

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).

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.

Chinese aviation and shipping conglomerate HNA Group has acquired a 20% stake in Irish aircraft leasing firm, Avolon, for $429m (€389m). It made the purchase via its Bohai Leasing subsidiary.