Practice Area: Aviation Finance [Aviation/Asset Finance]
The aviation finance industry continues to be in a positive and optimistic mood both in Ireland and globally. Lessors have experienced strong demand for narrow body jets by both airlines and investors, and new-order delivery lags suggest that there is no sign of such demand abating in the near-term. The positive macro fundamentals underpinning the airline industry growth have benefitted the aviation finance industry. Bottom line airline growth is being fuelled by robust demand, low finance costs and operational efficiencies, and will translate to the fourth consecutive year of sustainable profits for the airline industry. The strong airline industry fundamentals extolled by many have been validated further by recent published projections by the International Air Transport Association (IATA). IATA's bullish projections predict the global airline industry net profit will rise from the $34.5 billion expected in 2017 to a forecast figure of $38.4 billion in 2018.
Deloitte offers specialist services to the aviation finance industry in technical accounting, technology, corporate treasury, and tax advisory, together with corporate finance and financial modelling assistance. Deloitte advises on nearly all aspects of M&A transactions in the aviation finance industry and also assists with the liquidation of aircraft leasing legal entities after the asset has been sold. The Deloitte Ireland and international aviation finance and leasing team works with some of the largest aircraft leasing companies in the world, providing a highly experienced advisory team ready to assist clients in the fields of tax, consulting, audit and corporate finance.