Talent shortage on the horizon amid booming aviation sector
As aircraft leasing continues to grow and evolve, the industry must take proactive steps to close off looming gaps in technical, financial and regulatory expertise
Despite the hammer blow wielded by Covid-19, Ireland still remains a key player in the global aviation leasing and finance industry. However, complacency would be a mistake at this juncture as new countries look to compete for market share. Political stability, cost, ease of conducting business and talent will ultimately be the key differentiators for Ireland to continue to protect and grow its share in the global leasing market.
As aircraft leasing continues to grow and evolve, the industry must take proactive steps to close off looming gaps in technical, financial and regulatory expertise
Capacity constraint due to supply-demand pressures has been good news overall for the aircraft leasing sector, with rates substantially higher than a year ago
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As the biggest player in aircraft leasing worldwide, Ireland must continue to innovate and invest in education and sustainable technology
A big benefit of Ireland’s aircraft leasing success has been the growth of the maintenance, repair and overhaul industry here, though hangar space ‘a challenge’
Leasing companies are undertaking critical shifts in strategy, including considering emerging manufacturers such as Embraer and Comac
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Advances notable in areas like sustainable aviation fuel but production low in the context of industry requirements
Industry has been facing an unprecedented challenge in asset recovery of aircraft and parts, with complex and costly litigation and no guarantee of success
It is estimated that over half of the global aviation fleet is leased, and Irish-based companies account for 50% of the market
Significant maintenance, repair and overhaul services on offer, but recruitment and retention of key personnel vital to success
The aviation leasing sector helped customers to survive Covid shutdowns via innovative solutions such as rescheduling leases, offering sale and lease back deals on airline assets and other measures
Industry has been facing an unprecedented challenge in asset recovery of aircraft and parts, with complex and costly litigation and no guarantee of success
It is estimated that over half of the global aviation fleet is leased, and Irish-based companies account for 50% of the market
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Aviation finance, which provides high value to the Irish economy, is a competitive market for talent and practitioners are seeking to hire the best
It is estimated that more than 50 per cent of all commercial aircraft in service around the world are leased
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