INDUSTRY IN IRELAND - FACTS

Activities spanning the industry value chain, including sales and re-marketing, asset management, technical services and oversight, securitization, accounting and legal.

  • €100 Billion in assets

    Irish lessors manage more than €100 billion in assets
  • 22% of the global fleet

    This 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 lessors

    Ireland has 14 of the top 15 lessors by fleet size

Ireland has a strong reputation and is a leading centre for aircraft leasing and finance, due to:

  • Track record dating back to Guinness Peat Aviation (GPA) in the 1970s
  • Deep, multi-disciplinary (technical, legal, financial) talent pool
  • Favourable corporate tax regime with an extensive Taxation Treaty network.

INDUSTRY NEWS

In 2014

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

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.