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EY Entrepreneur of the Year Profiles: Innovations in Aviation Finance and Private Dermatology

EY Entrepreneur of the Year Profiles: Innovations in Aviation Finance and Private Dermatology
Alan Doyle and Aerlytix: Transforming Aviation Finance through Technology
Alan Doyle, chief executive of Aerlytix, leads a Dublin-based technology firm that has become a pivotal player in aviation finance. Aerlytix’s software solutions are relied upon by prominent lessors, global aviation banks, and investors, managing billions of dollars in aircraft transactions. The company’s offerings enable clients to efficiently scale their operations by providing sophisticated cash-flow modeling and analytics tailored to the intricate demands of the aviation sector.
Doyle’s entrepreneurial path emerged from a strategic pivot when his former employer planned workforce reductions. He proposed spinning out the core technology team to independently pursue new clients and investment opportunities. With the endorsement of his former boss, Aerlytix was established, marking the beginning of a venture that integrates deep technological expertise with a nuanced understanding of aircraft assets.
Headquartered in Ireland, a recognized global hub for aircraft leasing, Aerlytix benefits from proximity to a concentrated client base while expanding its international reach. Doyle highlights the challenges posed by a rapidly shifting geopolitical, economic, and regulatory environment. The aviation finance industry is under increasing scrutiny, particularly regarding financial models and risk management, as concerns over emissions from private aviation intensify. Reflecting on the Covid-19 pandemic, Doyle recalls securing long-term contracts with two major Irish aviation lessors before the software was fully developed as a significant yet stressful milestone. He emphasizes that the true turning point was the accumulation of multiple agreements over the course of a year, demonstrating robust market demand for Aerlytix’s solutions.
The company’s trajectory has also been influenced by broader industry trends, including consolidation in adjacent sectors such as the UK motor insurance market. Competitors are adopting new technologies and cloud-based workforce management systems to enhance operational efficiency and maintain competitiveness. For Aerlytix, ongoing innovation remains a strategic imperative.
Doyle attributes much of Aerlytix’s advancement to mentorship and international investment. He recalls advice from a mentor who predicted the evolution of the company’s pricing model in unforeseen ways, underscoring the importance of flexibility in fintech. While Aerlytix maintains a strong client base in Ireland, its services now extend globally, catering to banks, lenders, and investors worldwide. Recognizing the nascent state of Ireland’s venture capital and private equity ecosystem, Doyle secured backing from a supportive US investor.
Looking forward, Aerlytix aims to broaden its international presence and continue developing technology-driven solutions that address the evolving regulatory and sustainability challenges facing aviation finance. Doyle asserts that agility and innovation will be essential to sustaining long-term success in this dynamic industry.

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