Aircraft Leasing & Financing
The industry in Ireland currently employs more than 1,200 people both directly through the leadsing companies, and indeirectly through legal tax, audit and other professional services linked directly with the industry.
Activities spanning the industry value chain, including sales and re-marketing, asset management, technical services and oversight, securitization, accounting and legal.
€100 Billion in assetsIrish lessors manage more than €100 billion in assets
22% of the global fleetThis equates to approx. 22% of the global fleet of aircraft and over 40% of the world’s fleet of leased aircraft.
14 of the top 15 lessorsIreland has 14 of the top 15 lessors by fleet size
In 2014, AerCap acquired ILFC from AIG. AerCap paid AIG $3 billion in cash as well as a significant ownership position in AerCap's ordinary share capital. The acquisition brings AerCap’s fleet to over 1,300 aircraft, with a further 400 on order, making it the largest independent lessor in the world, and the second largest lessor in the world after GE Capital Aviation Services (GECAS). AerCap chose Ireland as its global operations headquarters and now has two offices (Shannon & Dublin) with over 120 staff in Ireland.
In 2012, a consortium led by Sumitomo Mitsui Banking Corporation (SMBC) established its global aviation business headquarters in Ireland (SMBC Aviation Capital) via the acquisition of RBS Aviation in a deal worth more than $7 billion.