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Aircraft Leasing Employees Earned an Average of €206,000 Last Year

Aircraft Leasing Employees in Ireland Earned an Average of €206,000 in 2024
New data from the Central Statistics Office (CSO) reveals that employees in Ireland’s aircraft leasing sector earned an average salary of €206,000 in 2024. The industry, which employs just over 3,000 people, remains a cornerstone of global aviation finance, with Irish lessors managing aircraft assets valued at €268 billion by the end of the year.
Ireland’s Position as a Global Aircraft Leasing Hub
The Republic of Ireland continues to solidify its status as a global centre for aircraft leasing, hosting major industry players such as AerCap, Avolon, and SMBC Aviation Capital. These companies purchase aircraft from leading manufacturers like Airbus and Boeing and lease them to airlines worldwide. According to the CSO, the sector employed 3,005 individuals in 2024, collectively earning €620 million. This represents an 11% increase in average pay since 2019, when the average salary was €185,000. Employment has also grown steadily, rising from 2,804 in 2019 to 3,005 in 2024. Of those employed last year, 1,853 were men and 1,152 were women.
Despite this growth, a significant gender pay gap persists within the sector. Women earned an average of €137,168, while men received €249,318. The CSO notes that these averages are calculated based on total weeks worked, as not all employees were engaged for the full year.
Sector Growth Amid Global Challenges
The aircraft leasing industry in Ireland has expanded steadily over the past five years, despite facing global disruptions such as the COVID-19 pandemic and the loss of aircraft leased to Russian airlines following the Ukraine conflict. Demand for leased aircraft remains particularly strong in Asia, where rising incomes are driving increased air travel. Over the past decade, China accounted for 9% and India for 6% of global leasing income, according to the CSO’s "Aircraft Leasing in Ireland 2024" report.
In 2024, Irish lessors generated €19.5 billion in revenue from aircraft leasing, marking a 59% increase from €12.3 billion in 2014. Profits reached €2.1 billion. The sector’s growth has been supported by a combination of company funds, loans, and bond issuances. By the end of 2024, Irish lessors owed €149.3 billion to lenders, had €52.8 billion in shareholder funding, and raised €28.1 billion through bonds.
Emerging Challenges and Market Dynamics
Despite robust growth, the industry faces emerging challenges. Reports from Aviation Week Network indicate that high prices for new aircraft could suppress demand and compress profit margins for lessors. Should manufacturers maintain elevated pricing, leasing companies may be compelled to reduce lease rates or explore alternative revenue streams to remain competitive. Market shifts are also evident as companies like Air Lease report rising profits and revenues, partly driven by insurance payouts and sustained aircraft demand, as noted by Insurance Journal.
These evolving market conditions and increased competition may prompt Irish lessors to adjust their strategies in the near future. While employees in the sector continue to benefit from high average earnings and the industry remains strong, these pressures could influence the trajectory of Ireland’s aircraft leasing market in the years ahead.

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