Quantcast

Ireland’s aircraft leasing industry sees record income despite rising costs

Tycoon unveils £25 billion rival Heathrow expansion plan
Proposals for commercial planes to operate with one pilot shelved after critical EU report
Air Travel Fatalities Up 300% in 2024, According to Shocking Global Report
Boeing Halts Strike Talks Amid $36 Billion Deal & Union Dispute
FAA’s Broader Runway Safety Push Builds on EMAS Legacy
Ryanair CEO says aviation sustainability targets are 'dying a death'
US FAA funds system to prevent accidents involving runaway airplanes
Exclusive: Korean Air makes airline's biggest-ever Boeing jet order amid Trump-Lee summit
Boeing Stock Jumps on Massive Korean Air Order
FAA EMAS: Proven Safety Wins Since 1996
Air Canada flight attendants try to build on US gains on unpaid work
Cathay Pacific warns of declining fares and cargo uncertainty, shares fall
Clear intentions, cloudy path: aviation's ongoing ESG challenge
Turkish Airlines is preparing binding offer for Spain's Air Europa, executive says
Air Canada flight attendants approve strike mandate
US criticizes use of AI to personalize airline ticket prices, would investigate
Ethiopian Airlines' annual revenue rises as it draws more passengers, adds routes
Major strike action to hit 12 Spanish airports that have Ryanair flights
JetBlue, United partnership gets go-ahead from U.S. Transportation Department
United-JetBlue partnership gets US DOT approval
Air India Warned Over Crew Fatigue and Training Failures Following Fatal Crash
Heathrow Chief Defends £50–60 billion Third Runway Amid Rising Costs Debate
New UK airline with cheap US fares is ‘parked’ after just TWO flights – with people fearing it’s been scrapped for good
US carriers shamed in surprising new list of the world’s ‘cleanest’ airlines
Air Force Pilot Wasn't Alerted to Collision Course with Passenger Jet Before Scary Near Miss, Says Official
Transportation Secretary Sean Duffy may deny flights from Mexico over broken aviation agreement
Plane Makes Emergency Landing After ‘Unruly’ Passenger Attempts to Open Exit Door Mid-Flight
American Airlines Launches Ultra‑Long‑Haul DFW–Manila Flights
Thousands of flights canceled or delayed across America's busiest airports
Summer flight delays to be 'worst ever' this year - what to do if affected
Ireland’s aircraft leasing industry sees record income despite rising costs
Policy
Webp k0
Karl Griffin, ALI Chair Group Chief Executive Officer, Genesis | Aircraft Leasing Ireland

Ireland’s aircraft leasing sector generated €21.9 billion ($25.7 billion) in income during 2024, according to data from the Central Statistics Office (CSO) of the Republic of Ireland reported by Business Post. This figure marks a 2.3% increase over 2023 and a growth of 54.2% since 2014.

Despite this rise in income, expenses for Irish lessors also grew sharply, reaching €19.8 billion last year—66.8% higher than ten years ago. The overall profit for the sector was €2.1 billion, which is lower than the €2.3 billion recorded in 2014 but represents a 16.6% increase compared to the €1.8 billion profit posted in 2023.

Recent years have brought uncertainty to the industry due to factors such as the COVID-19 pandemic and geopolitical crises.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The Law Society of Ireland highlighted that employment within the sector has grown since before the pandemic, with a workforce now totaling 3,005 people—7% more than in 2019. Of these employees, about 62% are men and nearly 38% are women.

Combined salaries for workers reached €620 million ($726.7 million) in 2024, almost a 20% increase compared to five years ago, resulting in an average salary above €206,000 per employee. While women earn less on average (€137,000) than men (€249,000), their pay has risen at a faster rate (25.8%) compared to male counterparts (8.5%).

Over the past decade, Irish firms have generated €205 billion from operational aircraft leasing activities, making Ireland the world’s second-largest market by leasing income with a global share of 7.6%. Only China surpasses Ireland with a market share of 9%, while the United States and India trail at shares of 6.9% and 6%, respectively.

Asset values held by Irish-based lessors have also increased significantly over ten years—from €176 billion in 2014 to €268 billion in 2024—a rise of more than half over that period.

Depreciation and interest costs were notable challenges for these companies last year; both categories exceeded €7 billion each.

"Ireland has carved out a useful niche for itself by becoming a heavyweight when it comes to aircraft leasing," according to reporting from Business Post.

Organizations Included in this History
More News

Emirates Airlines has highlighted the evolution of its cabin crew uniform, emphasizing its commitment to timeless design and practicality.

Oct 23, 2025

Emirates has achieved the Gold Tier status in the 2024 Fly Quiet Programme at New York’s JFK Airport, making it the only airline to receive this distinction among all participating carriers.

Oct 23, 2025

Flying Food Group, Inc. has announced the recipients of its 2025 scholarships, with all five applicants receiving awards this year.

Oct 23, 2025

Dnata, a global provider of air and travel services, has entered into a joint venture with Azerbaijan’s Silk Way Group to launch ground handling and cargo operations at Alat International Airport, located in the Alat Free Economic Zone in Baku.

Oct 22, 2025

Delta Air Lines has announced the release of version 7.5 of its mobile app, introducing new features aimed at making travel planning and management easier for customers during the holiday season.

Oct 22, 2025

The Fair Work Commission has ruled that a former employee of dnata Airport Services was unfairly dismissed and awarded $36,468.39 in compensation.

Oct 22, 2025