Averaged annual earnings for aircraft leasing employees reached €206,000 in the previous year.
The Irish aircraft leasing industry has shown remarkable resilience and growth over the past few years, despite the challenges posed by the Covid-19 pandemic and the Ukraine war. According to the State's Central Statistics Office (CSO), the sector employed 3,005 workers in 2024, a growth of 811 workers since 2019[1][3].
Employees in this industry enjoyed an average salary of €206,000 in 2024, representing an 11% increase since 2019, when the average salary was €185,000[1]. This growth in average pay is a testament to the industry's success and the increasing value it brings to the Irish economy.
The Irish aircraft leasing sector is a global leader, managing aircraft assets valued at around €268 billion by the end of 2024[1]. Major companies headquartered in Ireland include AerCap, Avolon, and SMBC Aviation Capital, which lease aircraft worldwide[1].
Despite the growth, there remains a significant gender pay gap, with men earning on average €249,318 and women €137,168 in 2024[1]. This disparity is an area that the industry must address to ensure fairness and equality for all employees.
The industry's financial performance has also been impressive. In 2024, Irish aviation lessors earned €19.5 billion from renting aircraft to airlines, a 59% increase from €12.3 billion in 2014[1]. Over the last decade, Ireland generated approximately €205 billion from aircraft leasing, confirming the industry's substantial economic contribution and sustained growth[4].
One of the key players in the industry, AerCap, reported record financial results in Q2 2025, generating net income of $1.26 billion and raising earnings per share guidance for 2025[2]. This strong performance indicates a continued demand for aircraft leasing services and a positive outlook for the industry.
In conclusion, the Irish aircraft leasing industry has demonstrated steady salary growth, expanding employment, and robust financial outcomes over recent years. This has consolidated Ireland's role as a dominant global aviation finance hub. However, addressing the gender pay gap and ensuring fairness for all employees remains a priority for the industry's continued success.
[1] Central Statistics Office (CSO) [2] AerCap Q2 2025 Results [3] State's Central Statistics Office (CSO) - Employment Statistics [4] Central Statistics Office (CSO) - Aircraft Leasing Industry Contribution to the Irish Economy
