Even by the hyper-growth standards of the technology industry, Park Place Technologies stands out for its rapid recent rise. Last year, the company had its sixth successive ranking on the Inc. 5000 list of the USA’s fastest-growing private companies. In the past 18 months, it closed 10 acquisitions spanning Latin America, Asia and Europe.
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
22% of the global fleet
14 of the top 15 lessors
12.5% corporate tax and Government commitment to sustain this rate
0% VAT on international aircraft leasing
Availability of over 72 double taxation agreements
On-shore location (member of the EU and OECD)
Tax depreciation (Capital Allowances) for the cost of equipment and plant & machinery (which includes aircraft and aircraft engines) over 8 years
Extensive range of exemptions provided for from withholding tax on interest and dividend payments and no withholding taxes on lease rentals
No stamp duty on instruments transferring aircraft
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.
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