To restore faith in the 737-Max, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.
The passenger jet that crashed into a river in the US last night is leased from an Irish company and visited Shannon earlier this year.
Airbus announced the biggest commercial-plane transaction in its history, securing an order for single-aisle aircraft valued at nearly $50bn (€42.6bn) at the Dubai Air Show, outdoing Boeing’s own $20bn mega-deal, Julie Johnsson, Mary Schlangenstein and Benjamin D Katz report.
Irish aviation is at the centre of powerful changes and it is having consequences for investments and the direction of companies in the sector.
The 14 directors of the Irish arm of the world’s largest aircraft leasing firm last year shared a pay pot of $9.7m (€8.7m).
Some homeowners on the country’s most exclusive road are trying to block plans by one of their neighbours to carry out a house makeover that includes an underground cinema.
Ireland is considered the birthplace of aircraft leasing and is recognised as the number one location globally in the sector.
The Irish arm of aircraft leasing firm, Aercap last year plunged into the red with losses of $75m (€65.89m) in spite of revenues jumping by 30%.
Aircraft leasing remains at full throttle in Ireland as fresh investment and new orders continue to drive momentum in the sector.
Less than 2% of the capital’s stock of Grade A office accommodation is idle, as the particularly strong take-up seen over the past 18 months continues unabated.
The firm behind the €65m Westpark business park in Shannon has sealed a bank deal that significantly reduces the €38.5m it owed in bank loans.
Next week two major aviation finance conferences take place in Dublin, writes Joe Gill.
Last week three significant aviation companies provided updates to the stock market on their financial performance.
The 14 directors of the Irish arm of the world’s largest aircraft leasing firm last year shared a pay pot of $15.27m (€11.2m).
Aviation is vitally important to the health and trajectory of the Irish economy relative to most other countries.
Two passenger jets owned by Shannon-based sister companies will stay impounded at an airport in Malta following a ruling in its civil courts.
A Shannon-based aircraft leasing firm last year returned to profit to record pre-tax profits of $40m (€32m), figures show.
PRE-TAX profits at a Dutch- owned Shannon-based aircraft leasing company decreased by 38% to $45 million (€32.8m) in 2009.
SHANNON-based aircraft leasing company Genesis Lease has formally announced that it is to merge with like-minded Dutch company AerCap in a $1.75 billion (€1.19bn) deal mere days after confirming the two were in talks.
SHANNON-BASED aircraft less or firm, Genesis Lease has confirmed it is in merger talks with a firmbelieved to be AerCap Holdings.
Thursday, September 24, 2020 - 6:00 PM
Thursday, September 24, 2020 - 10:00 PM