Media

20 January 2014: The Irish Aviation Authority (IAA) welcomes plans by the Irish Stock Exchange (ISE) to develop a dedicated Aviation Exchange using its Dublin-based trading platforms.

Eamonn Brennan, Chief Executive, IAA said: “The IAA is keen to support growth in all aspects of the Irish air transport industry and to facilitate innovative developments such as this. It’s estimated that the demand for new aircraft over the next 20 years will be in the region of US$3.5 trillion to fund nearly 30,000 new aircraft worldwide. Ireland has a great opportunity to play a part in this market. ”

Ireland is already recognised as a global air finance and leasing hub with over 30 companies managing up to half of the world’s leased fleet. The new initiative by the Irish Stock Exchange will provide a valuable platform to connect investors with issuers in this key aviation sector, enhancing and strengthening Dublin’s position as a centre of air finance excellence.

“Ireland is a global leader in air finance and leasing and the innovative development of an Aviation Exchange will help to keep the country at the competitive forefront of this fast-growing industry. As part of this, there is huge potential for the Irish Civil Aircraft Register, including foreign leased aircraft, supported by the IAA’s effective and cost efficient safety regulatory oversight”, Eamonn Brennan.

As a reflection of the global growth and a measure of the attractiveness of the pragmatic regulatory environment provided by the IAA, the Irish Register has expanded greatly over the last decade and now stands at 1,221 aircraft (up from 647 aircraft in 2001). This includes 742 large transport aircraft and 287 leased aircraft.

For more information, contact:
Tony Lane
Tel: +353 1 603 1199
Mob: +353 86 7911864