ALI in the Sunday Business Post

The indisputable success story of the aircraft leasing sector was showcased in the Sunday Business Post supplement of 25 November 2018. Highlighting the significant contribution this sector has made to Ireland – it supports 5,000 jobs and contributes more than €550 million annually to the local economy – its impact from Irish shores is recognised globally. The establishment of the industry’s representative body, Aircraft Leasing Ireland (ALI), aims to ensure that Ireland retains its number one position globally in aircraft leasing.

David Swan, Chair of ALI and COO of SMBC Aviation Capital said Ireland effectively invented aircraft leasing in the 1970’s pioneered by Tom Ryan and Guinness Peat Aviation (GPA). 40 years later, Ireland manages over 60% of all the leased aircraft in the world. The industry has grown into a multibillion-dollar one with Ireland leading the way globally. He said “being the leader in this very competitive global financial business is something we can all be proud of”. With the establishment of Aircraft Leasing Ireland (ALI), the industry has one unified voice with which to communicate with the Irish government and all the relevant agencies to make sure we maximise our collective strengths as the location of choice for aircraft lessors worldwide. The key message to the government is that we cannot be complacent, these jobs are worth fighting for and supporting”.

Declan Kelly, Vice Chair of ALI and CCO of GECAS, said “ALI’s primary focus is to continue developing Ireland’s position as the leading global centre for aircraft leasing. The world’s largest aircraft leasing companies – including GECAS, AerCap, Avolon, SMBC Aviation Capital, DAE – all have their headquarters in Ireland”. He highlighted the educational programmes in Aviation Leasing and Finance, such as those offered at UCD’s Smurfit School and University of Limerick, offer outstanding career opportunities in this burgeoning field, with employment in Ireland expanding more than 250% in the past decade.

This and other articles are available from https://www.businesspost.ie/focus-on.
(Please note access to the supplement requires a SBP subscription/log in).