The Detroit Post
Saturday, 04 December, 2021

What Is Avalon Aviation

Bob Roberts
• Wednesday, 23 December, 2020
• 8 min read

Avalon have always been a strong supporter of the arts, all across the world. Never before was that support needed more than this year, when artists were starved of opportunities to perform.

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To celebrate the close of 2020 and to optimistically look forward to 2021, we commissioned renowned Dublin based musical artist Stephen James Smith to produce a vocal and visual blessing for all of you, our partners and our friends. Led by a proven team, Avalon’s commitment is to build the global leader in aircraft leasing.

Read more Avalon Announces Pricing of US$675 Million Term Loan B Facility New Term Loan B-5 Tranche Upsized by $175m to $675m from $500m It was founded in May 2010 by Nominal Flattery, and a team from RBS Aviation Capital including John Higgins, Tom Ashe, Andy Cronin, Simon Hanson and Ed Riley with initial capital of US$1.4 billion.

Between 2010 and 2014, Avalon also raised US$6.1 billion in debt from the capital markets and a range of commercial and specialist aviation banks including Wells Fargo Securities, City, Deutsche Bank, BNP Paribas, Crédit Agricole, UBS, DVB, Word LB and KFC IPEX-Bank. In November 2018, Avalon announced that Japanese financial institution, Orin Corporation had acquired a 30% stake in the business from its shareholder Bowie Capital, part of China's RNA Group.

In April 2019, Avalon announced it had raised US$2.5 billion of additional unsecured debt which resulted in an investment grade credit rating from Fitch, Moody's and S&P Global. Avalon's CEO, Nominal Flattery, also received an award for Outstanding Contribution to the Aviation Industry in 2016.

In July 2013, Avalon, welcomed changes to Irish legislation announced by the Irish Government to allow Ireland adopt a new insolvency regime in relation to the financing of aircraft and aircraft engines, equivalent to the regime known as Alternative A under the Cape Town Convention. Avalon, in turn, will use the net proceeds of the sale of aircraft to refinance existing debt.

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In October 2013, Avalon announced that its third quarter of 2013 was its most active period since the formation of the business and that total aircraft delivered and under management had exceeded US$6 billion. In November 2013, Avalon issued a detailed analysis of the financing requirements for the airline industry's new aircraft deliveries over the coming decade.

In September 2015, Avalon announced that Bowie Leasing Co., the Chinese leasing and financial services company affiliated with RNA Group, made a cash offer for 100% of Avalon's common shares at a price of US$31 per share. Avalon then assumed control of Hong Kong Aviation Capital also owned by Bowie.

In September 2018, Ireland's Taoiseach (Prime Minister), Leo Radar, opened Avalon's new 75,000 sq.ft. In November 2018, Avalon announced that Orin Corporation had acquired a 30% stake in the business from its shareholder Bowie Capital.

In April 2019, Avalon announced it had raised US$2.5 billion of additional unsecured debt which resulted in an investment grade credit rating from Fitch, Moody's and S&P Global. In June at the 2019 Paris Air Show, Avalon announced an order for 140 LEAP-1A engines from CFM International, valued at US$2 billion at list prices.

The Irish industry traces its roots back to the foundation of Guinness Peat Aviation in Shannon, County Clare in 1975 and in the intervening period the aircraft leasing, trading and brokerage industry has proved to be one of Ireland's greatest success stories. Some lessors expect the leased component share of the global aircraft fleet to rise to as much as 50% in the next several years.

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In April 2019, Avalon issued a White Paper entitled “Project i” which assessed Ireland's start-up ecosystem when compared to best-in-class around the world. The paper is divided in two parts; the first section details the factors impacting India's commercial airline sector, while the second part contains an analysis of the Indian aviation market, including a detailed breakdown of the major passenger markets, airline fleets and future growth projections.

The paper also highlighted that there is a shortfall of 300 aircraft in India's commercial aviation order book, which are required to meet the growth in demand over the next ten years. During first half of 2017, Avalon published a White Paper series titled ‘The Land of Silk and Money’, which analyzed the Chinese aviation market.

The second part, which was published in May 2017, analyzed China's international inbound and outbound travel markets. In September 2012, Avalon published an analysis of commercial aircraft economic lives and retirement patterns.

In February 2013 Avalon published an analysis of, and investor guide to, the expected market impact of the transition to new generation Airbus (320Neo) and Boeing (737MAX) single aisle aircraft families. The Avalon paper found that the effect of the Neo and Max models on the value of their predecessors will be limited by the sheer number of current-generation craft in use today and the high portion of the global aircraft fleet approaching retirement.

The authors predict that sharper rises in passenger numbers in developing countries will fuel demand for both Neo and Max models, but also, importantly, current-generation aircraft as airlines seek to add capacity but find themselves at the end of long lines for the new models. Both Airbus and Boeing currently have record-high order backlogs, making the second-hand market an appealing option for fast-growing carriers.

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The documentary tells the story of the remarkable, pioneering individuals whose vision, passion, successes and failures helped forge Ireland's unique aviation landscape. The documentary traces this story from its humble beginnings when Al cock and Brown made the first transatlantic flight, landing in a field in the West of Ireland, through the evolution of AER Linus and the development of airports at Forces, Shannon and Dublin, the pivotal emergence of Tony Ryan, the meteoric rise and fall of GPA, the enduring dominance of Ryanair, culminating in a focus on the contemporary story of Ireland's leading role in aviation today.

The score for the documentary was written by renowned Irish composer Micheal Ó Súilleabháin working with the RTE Concert Orchestra. The premiere of the documentary took place in the Irish National Concert Hall, Dublin on Wednesday 22 January 2014.

The book was formally launched by the TaoiseachEnda Kenny TD, together with Nominal Flattery, Avalon CEO; Among Brennan, Chief Executive of the Irish Aviation Authority; and Brigadier General Paul Fry, Go of the Air Corps at an event at Casement Aerodrome, Balconies, Co. Dublin. In April 2016, Europe's first M.Sc. in Aviation Finance was launched at the UCD Michael Smurf it Graduate Business School.

Avalon, together with a number of other leading aircraft leasing firms, is an industry partner of the new master's degree. The course is intended to sustain Ireland's position as the world's largest center for aviation finance and leasing.

This studio residency offers a once in a lifetime opportunity for an international, emerging artist to raise their profile on a global platform and to develop their practice within the environs of one of Ireland's leading contemporary art organizations. Inc. is located in Fort Lauderdale, FL, United States and is part of the Aerospace Products & Parts Manufacturing Industry.

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Inc. has 5 total employees across all of its locations and generates $466,704 in sales (USD). Inc. around the world, including contacts, financials, and competitor information.

To witness the full depth and breadth of our data and for industry leading sales intelligence tools, take Dub Hoovers for a test drive. See similar companies for insight and prospecting.

AVALONAVIATION PTY LTD is located in Sheldon, QUEENSLAND, Australia and is part of the Charter & Other Nonscheduled Air Transportation Services Industry. AVALONAVIATION PTY LTD has 4 employees at this location and generates $750,884 in sales (USD).

To witness the full depth and breadth of our data and for industry leading sales intelligence tools, take Dub Hoovers for a test drive. AvalonAviation ’s on-demand air transportation services allow for schedule flexibility and convenient travelling with the use of our extensive fleet, which includes fixed wing aircraft as well as helicopters.

Whether you would like to access a remote holiday destination or maximize productivity in business, air charter is the most convenient and flexible way to travel and AvalonAviation is the company of choice. Handel Avalon brings Next Gen features, safety and design all together for a price that makes upgrading your cockpit a reality.

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Avalon’s robust design will ensure the highest level of dispatch reliability and in-flight continuity of function available currently today. Avalon’s compact design and fully assembled panel with ready to connect harnesses will greatly improve installation time.

Starting with the end in mind, the Handel team is using the latest in technology to build an integrated glass cockpit that is lighter, safer, and smarter than anything on the market today. Nominal Flattery is the Chief Executive Officer with over 30 years’ experience in the aircraft leasing industry.

As CEO, Nominal sets the company strategy and commercial objectives and oversees their execution. Nominal has built Avalon to be a global leader in aircraft leasing through a period of private equity ownership, a successful listing on the NYSE; and, a take private with Bowie Leasing.

In 1994, he established his own aircraft advisory and investment banking services company, International Aviation Management Group (IMG). In 2001 The Royal Bank of Scotland Group acquired IMG as the launch platform of RBS Aviation Capital.

Nominal has a Bachelor of Commerce (Hons) from University College Galway and is a graduate of the Accelerated Development Program from the London Business School. John Higgins is the President and Chief Commercial Officer at Avalon.

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John is also responsible for executing aircraft orders, and overseeing the management of Avalon’s order book. Prior to joining Avalon John was Chief Commercial Officer at RBS Aviation Capital, with global responsibility for all airline and OEM relationships; including new business origination, aircraft remarketing and new order placement.

Prior to joining RBS Aviation Capital, John worked in several marketing roles with Gas. John has a Bachelor of Science (Management) with First Class Honors from Trinity College Dublin and is a Fellow of the Institute of Chartered Accountants of Ireland.

Andy Cronin is the Chief Financial Officer at Avalon, and is responsible for leading the Finance and Capital Markets Teams. In this role he has successfully led Finance and Capital Market teams through numerous capital raises, debt issuance, successfully listing Avalon on the NYSE, privatizations and subsequent corporate acquisitions.

Prior to joining Avalon, Andy served as SVP Investor Markets at RBS Aviation Capital with responsibility for disposal, financing and debt syndication of operating lease and structured debt products to a wide pool of investors and banking communities. Tom holds a Bachelor of Commerce (Hons) and a Diploma in Professional Accounting, both from University College Dublin.

He had previously been responsible for managing Avalon’s relationships with all airframe and engine manufacturers as Head of the Origination team. Prior to this he spent three years with Claret Capital, including a period running one of its portfolio companies, before becoming a partner at the firm.

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Paul began his aviation career in 2002, he has worked for RBS Aviation Capital on its credit and pricing teams and ran RBS’s international corporate jet finance business. Paul began his professional career with Merrill Lynch in New York where he worked for their healthcare banking team.

Paul holds a Bachelor Degree in Economics and Politics from Trinity College, Dublin. Prior to joining Avalon, I held the position of Chief Information Officer at CWT International, a listed company on the Hong Kong Stock Exchange.

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