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Avolon
Avolon is an aircraft leasing company based in Dublin, Ireland. It was founded in May 2010 by Dómhnal Slattery and a team from RBS Aviation Capital, including John Higgins, Tom Ashe, Andy Cronin, Simon Hanson and Ed Riley. In December 2014, Avolon listed on the New York Stock Exchange (NYSE) under the ticker symbol AVOL. At listing, Avolon was the largest ever listing of an Irish founded company on the NYSE. In September 2015, Avolon announced that Bohai Leasing Co., the Chinese leasing and financial services company affiliated with HNA Group, made a cash offer for 100% of Avolon's common shares at US$31 per share. In January 2016, Avolon announced the completion of its acquisition by Bohai Leasing and the company's stock was delisted from the NYSE on 8 January 2016. In November 2018, Avolon announced that Japanese financial institution ORIX Corporation had acquired a 30% stake in the business from its shareholder Bohai Capital, part of HNA Group. In June 2021, Avolon anno ...
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HNA Group
HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more. It is a part owner of Grand China Air. In July 2017, HNA Group ranked No. 170 in 2017 Fortune Global 500 list with a revenue of $53.335 billion. It is one of the most active investment companies in the world, acquiring numerous assets under its name. In 2021, the corporation declared bankruptcy after debt restructuring efforts failed. History In 1993, Chen Feng, Wang Jian, Tan Xiangdong, among others, created Hainan Airlines, with approval by the Hainan Provincial Government. Following a restructuring of the airline in 1997, they founded HNA Group Co. Ltd. in January 2000.
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Vertical Aerospace
Vertical Aerospace is an aerospace manufacturer based in Bristol, England. It designs and builds zero emission, electric vertical take-off and landing (eVTOL) electrically powered aircraft. History 2016 The company was founded in 2016 by Stephen Fitzpatrick, an ex-Formula One team owner, and founder and CEO of OVO Energy. 2018 The company flew its first prototype aircraft – an electrically powered quadcopter that weighed 750kg, named VA-X1 – in June 2018 at Cotswold Airport, Kemble, Gloucestershire. The aircraft, which was unmanned and remotely controlled, is capable of vertical take-off and landing (VTOL) and has four electric engines, each inside a ducted fan. 2019 In 2019, the company became Honeywell's first eVTOL customer, buying their fly-by-wire aircraft control systems for a future Vertical Aerospace aircraft, the VA-X4. Further in 2019 they launched their second aircraft, VA-X2, making them the first company in the world to release flight footage of an ele ...
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Aircraft Lease
Aircraft leases are leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons: to operate aircraft without the financial burden of buying them, and to provide temporary increase in capacity. The industry has two main leasing types: wet-leasing, which is normally used for short-term leasing, and dry-leasing which is more normal for longer-term leases. The industry also uses combinations of wet and dry. For example, when the aircraft is wet-leased to establish new services, then as the airline's flight or cabin crews become trained, they can be switched to a dry lease. Market Operating leases of jet airliner accounted for less than 2% of the fleet in 1976, then 15% in the early 1990s, 25% in 2000 and 40% in 2017, with lessors involved in 62% of second hand mid-life aircraft transactions since 2000: 42% in Europe and 29% in North America. In 2015, over $120 billion of commercial aircraft were delivered ...
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EVTOL
An electric vertical take-off and landing (eVTOL) aircraft is a variety of VTOL (vertical take-off and landing) aircraft that uses electric power to hover, take off, and land vertically. This technology came about thanks to major advances in electric propulsion (motors, batteries, fuel cells, electronic controllers) and the growing need for new vehicles for urban air mobility (air taxi). Examples are being developed by aircraft companies such as Boeing, Airbus, Embraer, Honda, Toyota, Hyundai, Overair, and NASA. History The concept of eVTOL aircraft emerged in 2009 when a video of the NASA Puffin eVTOL concept went viral on November 11th 2009 showcasing a single person concept rendering of the technology, and concept in flight. Following this, the first Puffin paper at the VFS Specialists Conference on Aeromechanics, on January 9th 2010. This concept utilized a new technology developed at NASA called Distributed Electric Propulsion (DEP). Additional Puffin papers were publ ...
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Transport Companies Established In 2010
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airways, waterways, canals, and pipelines, and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals may be used both for interchange of passengers and cargo and for maintenance. Means of transport are any of the different kinds of transport facilities used to carry people or cargo. They may include vehicles, riding animals, and pack animals. Vehicles may inclu ...
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Companies Of The Republic Of Ireland
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Enda Kenny
Enda Kenny (born 24 April 1951) is an Irish former Fine Gael politician who served as Taoiseach from 2011 to 2017, Leader of Fine Gael from 2002 to 2017, Minister for Defence from May to July 2014 and 2016 to 2017, Leader of the Opposition from 2002 to 2011, Minister for Tourism and Trade from 1994 to 1997 and Minister of State at the Department of Labour and Department of Education with responsibility for Youth Affairs from 1986 to 1987. He served as Teachta Dála (TD) for Mayo West from 1975 to 1997 and for Mayo from 1997 to 2020. Kenny led Fine Gael to a historic victory at the 2011 general election, his party becoming the largest in the country for the first time, forming a coalition government with the Labour Party on 9 March 2011. He subsequently became the first Fine Gael member to be elected Taoiseach for a second consecutive term on 6 May 2016, after two months of negotiations, following the 2016 election, forming a Fine Gael-led minority government. He was the ...
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Taoiseach
The Taoiseach is the head of government, or prime minister, of Republic of Ireland, Ireland. The office is appointed by the president of Ireland upon the nomination of Dáil Éireann (the lower house of the Oireachtas, Ireland's national legislature) and the office-holder must retain the support of a majority in the Dáil to remain in office. The Irish language, Irish word ''Wiktionary:taoiseach, taoiseach'' means "chief" or "leader", and was adopted in the 1937 Constitution of Ireland as the title of the "head of the Government or Prime Minister". It is the official title of the head of government in both English and Irish, and is not used for the prime ministers of other countries, who are instead referred to in Irish by the generic term ''príomh-aire''. The phrase ''an Taoiseach'' is sometimes used in an otherwise English-language context, and means the same as "the Taoiseach". The current Taoiseach is Leo Varadkar, Leo Varadkar TD, leader of Fine Gael, who again took offic ...
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Leo Varadkar
Leo Eric Varadkar ( ; born 18 January 1979) is an Irish politician who has served as Taoiseach since December 2022, and previously from 2017 to 2020. He served as Tánaiste and Minister for Enterprise, Trade and Employment from June 2020 to December 2022. He has been Leader of Fine Gael since June 2017, and a Teachta Dála (TD) for the Dublin West constituency since 2007. He previously served under Taoiseach Enda Kenny as Minister for Social Protection from 2016 to 2017, Minister for Health from 2014 to 2016 and Minister for Transport, Tourism and Sport from 2011 to 2014. Varadkar was born in Dublin and studied medicine at Trinity College Dublin. He spent several years as a non-consultant hospital doctor, eventually qualifying as a general practitioner in 2010. In 2004, he joined Fine Gael and became a member of Fingal County Council and later served as Deputy Mayor of Fingal. He was elected to Dáil Éireann for the first time in 2007. During the campaign for the 2015 sam ...
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Boeing 737 MAX
The Boeing 737 MAX is the fourth generation of the Boeing 737, a narrow-body aircraft, narrow-body airliner manufactured by Boeing Commercial Airplanes (BCA), a division of American company Boeing. It succeeds the Boeing 737 Next Generation (NG) and competes with the Airbus A320neo family. The new series was announced on August 30, 2011. It took its maiden flight on January 29, 2016 and was certified by the United States Federal Aviation Administration (FAA) in March 2017. The first delivery was a MAX 8 in May 2017 to Malindo Air, with which it commenced service on May 22, 2017. The 737 MAX is based on earlier 737 designs, with more efficient CFM International LEAP-1B engines, aerodynamic changes, including distinctive split-tip winglets, and airframe modifications. The 737 MAX series has been offered in four variants, offering 138 to 204 seats in typical two-class configuration, and a range of . The 737 MAX 7, MAX 8 (including the 200–seat MAX 200), and MAX& ...
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Wells Fargo
Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and internationally. The company has operations in 35 countries with over 70 million customers globally. It is considered a systemically important financial institution by the Financial Stability Board. The firm's primary subsidiary is Wells Fargo Bank, N.A., a national bank which designates its Sioux Falls, South Dakota site as its main office. It is the fourth largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. Along with JPMorgan Chase, Bank of America and Citigroup. Wells Fargo is one of the "Big Four Banks" of the United States. It has 8,050 branches and 13,000 ATMs. It is one of the most valuable bank brands. Wells Fargo, in its present form, is a result of a ...
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