It comes as no surprise that Ireland stands at the heart of the global aircraft leasing industry, managing an incredible 60–65% of the world’s leased commercial planes. But what often flies under the radar is the irelands vitally important role in aerospace manufacturing supply chain. Irish companies don’t just finance fleets—they also supply key components and systems that help modern aircraft take off and stay in the air. Irelands interconnection between aircraft leasing/engine leasing and manufacturing makes it a real global aviation powerhouse. From financing to fabrication, Ireland doesn’t just enable fleet, it builds the future of air travel.
The latest numbers from the Central Statistics Office back this up. In 2024, aircraft leasing in Ireland generated €620 million in employment earnings and supported over 3,000 jobs. The sector posted profits of €2.1 billion, with operational leasing making up the bulk of income. By the end of the year, total assets had climbed to €268 billion—up more than 50% since 2014. Those figures show just how central Ireland has become to global aviation.
And the story doesn’t stop there. Engine Lease Finance Corporation (ELFC), based in Shannon, has just made its biggest move yet by ordering 50 brand-new CFM International LEAP engines. These are the latest, more fuel-efficient powerplants that go into Airbus A320neo and Boeing 737 MAX aircraft. The order builds on ELFC’s already impressive portfolio and signals a clear shift toward greener, more sustainable aviation. It also strengthens their aftermarket support capabilities—an area that’s becoming increasingly important as airlines modernize their fleets.
Put simply, Ireland isn’t just leasing the planes that keep the world moving—it’s also investing in the technology that will shape the future of flight. From boardrooms to factory floors, Ireland’s aviation story is one of smart policy, innovation, and a talent pool that keeps the country at the centre of the industry.
