Avolon CEO: More airlines 'suffering cash flow challenges around fuel'

5 November, 2018

Avolon CEO Domhnal Slattery said an increasing number of airlines are "suffering cash flow challenges around fuel because they kind of got addicted to cheap fuel for a number of years" (Irish Independent, 31-Oct-2018). Avolon expects oil prices will continue to rise. According to Mr Slattery, the chief concern for the lessor is a potential increase in the number of defaults on lease payments by airlines, due to headwinds including oil prices and exchange rate volatility.