Wealth Files
23.01.2012
John Brennan and Francis Brennan, who own the 5-star Park Hotel in Kenmare are seeking the return of 150 paintings they say were lent to the D5 hotels in Ballsbridge while they were being operated by Sean Dunne.
12.12.2011
Philip Lynch has lost his High Court case where he was contesting liability for a €25 million property loan taken out in February 2007. The family bought the lands in a deal suggested by property developer Gerry Conlon, who was a 50% partner in the loan and the property deal.
05.12.2011
Former F1 Boss, Eddie Jordan, was one of the backers of Destiny Wireless, the digital pen firm recently bought out by Swedish firm Anoto. Jordan also backed Norkom Technology, which was taken over by BAe in a €217m deal earlier this year.
28.11.2011
Jet-bird, the low-cost European executive jet airline, planned by aviation entrepreneur Dómhnal Slattery has gone into liquidation. The project was wound down in 2009. However, Slattery has returned to the aviation business with Avalon, an aircraft leasing firm that has raised $1.4 billion in equity, and $2.6 billion in debt, with the view to a possible Asian flotation in 2015. Avolon has raised more money than any other Irish start-up in history. Its portfolio now included 89 jets which are leased to 26 airlines including Ryanair American Airlines, Air Asia & China Eastern. The Clareman made a fortune in 2001 selling aviation leasing business IAMG TO RBS for €25M. He also fronted Claret Capital the investment group.
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