Avolon recently opened a new office in Singapore accompanied by a brief ceremony and a meeting with the local team. The ceremony was attended by Ireland’s Deputy Prime Minister (Tánaiste) and Minister for Enterprise, Trade, and Employment Leo Varadkar TD. The Tánaiste visited the Avolon office as part of a wider trade mission to Singapore organized by Enterprise Ireland.
Tánaiste Leo Varadkar commented: “It is great to join the Avolon team in Singapore for the opening of their new offices. The company’s expansion from a start-up in 2010 to one of the leaders in its industry is a great Irish success story. Ireland has developed into a center of aviation finance excellence and it is exciting to see how Avolon’s global expansion is developing.”
Simon Hanson, Chairman, Asia Pacific & Middle East, Avolon said: “We are honored to welcome the Tánaiste to the opening of our new Singapore office. With borders reopened across Asia post-pandemic, there has been a resurgence in air travel that has led to a rapid recovery in demand for our aircraft. We appreciate the continued support of Ireland’s Ambassador to Singapore Sarah McGrath and her team’s proactive engagement with Irish businesses with operations here.”
Avolon first opened an office in Singapore in 2012, now it has 65 airline customers located in 18 countries to whom it currently leases 272 Airbus and Boeing aircraft. The new office will allow Avolon to better serve its airlines in the region and increase its relevance in Singapore which is a growing centre of excellence for aviation finance.