IRELAND – A Global Leader in Aviation Leasing from Shannon and Dublin Hubs

One of the Atlantic Way’s beliefs is that the clustering of sectoral projects can make an enormous difference in attracting new investment and creating centres and zones of excellence. This in turn can create both a competitive and collaborative environment that supports and drives innovation and stimulates growth.

Aircraft Leasing is an example of powerful clustering, with two major clusters centred around Shannon and Dublin.  Here are some things you should know about Aviation Leasing and Ireland:

  • There are 22,000 commercial aircrafts in the world today with 45% of these now being leased through aviation leasing companies.
  • 14 of the top 15 lessors in the world are based in Ireland.
  • $120 Billion worth of Aviation Assets are managed from Ireland
  • Over 1,200 are employed in Aviation leasing in Ireland
  • An Irish leased aircraft takes off, somewhere in the world, every two seconds.

Shannon, centred on the Atlantic Way Corridor, is a great example of aviation clustering and shows howGECAS, a world leader in Aviation, located at Westpark Business Campus, Shannon the West can build strong clusters -with locating businesses recognising its competitive advantages (a strong talent base, training supports, quality of life, increased productivity, excellent facilities).

GECAS and AerCap, both located at the world-class Westpark Business Campus, Shannon, are the two largest aircraft leasing companies in the world today and, between them, they have over 3,000 aircraft leased globally – equating to close to 30% of the world’s fleet.

Other leading names in the world of aviation, such as GE Commercial Aviation Services, AerCap, Shannon Engine Support (SES) Lufthansa Technik, CAE Parc Aviation and Part M and also based at Westpark Shannon, making Aviation one of the strongest activity clusters in the West.

Check out the superb short video produced by IDA Ireland in association with Orix Aviation Systems Limited. It tells the powerful story of Aviation Leasing in Ireland.


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