S&P Upgrades Avolon’s Credit Rating Outlook to Positive

Dublin-based leasing company Avolon Holdings Limited has announced that S&P Global Ratings has upgraded the outlook for its issuer and senior unsecured rating of BBB- from stable to positive outlook. Earlier this month, Fitch Ratings upgraded Avolon’s rating from BBB- to BBB, and Moody’s Ratings upgraded Avolon from Baa3 to Baa2.

The upgrade comes as the company celebrated its 15th Birthday this week. Founded in Dublin in May 2010, it was established by a team led by Dómhnal Slattery and other key figures like John Higgins, Tom Ashe, Andy Cronin, Simon Hanson, and Ed Riley. In that time, it has grown to become the third biggest aircraft leasing company in the world with an owned, managed and committed fleet of 1,096 aircraft, including orders and commitments for 457 new technology aircraft.

Mark Dwyer
Mark Dwyerhttps://flyinginireland.com
Mark is an airline pilot flying the Boeing 737 for a major European airline. In addition he is also a Type Rating Instructor, Type Rating Examiner and Base Training Captain on the B737. Outside of commercial flying Mark enjoys flying light aircraft from the smallest 3 Axis microlights up to heavier singles. He is also an instructor and EASA Examiner on single engines and a UK CAA Examiner. He flies the Chipmunk for the Irish Historic Flight Foundation (IHFF). Mark became the Chairman of the National Microlight Association of Ireland (NMAI) in 2013 and has overseen a massive growth in the organisation. In this role he has worked at local and national levels. In 2015, Mark won ‘Upcoming Aviation Professional Award’ at the Aviation Industry Awards sponsored by the IAA. Mark launched this website back in 2002 while always managing the website, he has also been Editor and Deputy Editor of FlyingInIreland Magazine from 2005 to 2015.

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