Aercap’s pay buzz, Stobart’s reshuffle and Ireland’s unwavering leasing success
162 staff at Aercap Ireland Ltd, one of the country’s largest aircraft leasing companies, shared a monumental pay pot of €47m last year.
The pay consisted of €19m in salaries and wages and a further €27m in additional compensation benefits, as reported by Independent.ie.
The publicly quoted company is headed by Aengus Kelly, CEO, who oversaw total revenue of $5.1bn last year, an increase from $997m in 2012, with the introduction of several financial initiatives.
AerCap – which describes itself as the world’s largest independent aircraft leasing company – currently has a market capitalisation of $8.2bn and Mr Kelly’s 1.3pc share of the shareholding at the end of last year would have a value today of $112m.
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UK transport group Stobart are considering removing Dublin-based Stobart Aviation from the group fold and presenting it as a separate entity.
The potential plan to restructure the aviation wing could be interpreted as a strategic move towards securing investment for the pursuit of consolidation opportunities.
Stobart may be under pressure to separate from its aviation business before incurring the losses that come with the lean winter months – doing so may stop the losses hitting the Group balance sheet for the current financial year.
To read more on Stobart’s reshuffle, click here.
TRT World wrote a piece this week on Ireland’s continuously growing status as an aviation hub.
The news group emphasised the fact that nine of the world’s top ten aircraft leasing companies are based in Ireland. Avolon CCO, John Higgins- current user of Miagen’s Leasegen CPM tool- brought this into context with the statistic that every 2 seconds, an airplane leased by an Irish leasing company takes off, somewhere in the world.
IAA Chief Executive Eamonn Brennan acknowledges that there are challenges in maintaining this status, but that Ireland’s lessors continue to employ innovation and enterprise across all functions, obtaining both competitive advantage, and strategic gains.
To read the full article, click here.
To learn more about Leasegen, visit our dedicated site.
