Aviation finance

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This Overview is a guide to the Ireland—Banking & Financial Services content within the Aviation finance subtopic, with links to appropriate materials.

Ireland is uniquely positioned globally as the largest hub for aircraft lease management, with over 60% of leased aircraft worldwide being managed from Ireland. As well as hosting a wealth of expertise, employing top aviation professionals since the mid-1970’s beginning with Guinness Peat Aviation, Ireland benefits from an advantageous corporate taxation rate and has access to over 70 double taxation treaties (permitting a zero withholding tax rate on lease receivables), making it an extremely attractive place to conduct aviation business from.

Irish leasing companies are highly capitalised and those with an Irish presence occupy some of Dublin’s prime commercial real estate.

Aviation finance is a form of asset finance. What sets it apart from other types of finance is certain specialised legal and structural specificities, eg:

  1. •

    aircraft are considered to maintain their future value relatively well compared to other assets and have a predictable likely market value during the term of any financing

  2. •

    many aircraft models are easily remarketable

  3. •

    operating lessors play a key

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Latest Ireland - Banking & Financial Services News

European Commission adopts Delegated Act relating to MiCA

The European Commission has adopted a Delegated Regulation supplementing Regulation (EU) 2023/1114 (Markets in Cryptoassets Regulation (MiCA)) with regard to regulatory technical standards specifying the information in an application for authorisation to offer asset-referenced tokens to the public or to seek their admission to trading. The Delegated Regulation enters into force on the 20th day following its publication in the OJ. MiCA empowers the Commission to adopt delegated act to further specify the information relating to the content of the application for authorisation to offer to the public or to seek admission to trading of asset-referenced tokens. The Delegated Act specifies information relating to, among other things:  the applicant issuer, business model, strategy and risk profile, internal control framework and shareholders.

ECB confirms the inclusion of additional banks in the €STR reporting population

The European Central Bank (ECB) has confirmed that, from 2 July 2025, 24 additional banks will be incorporated into the euro short-term rate (€STR) reporting population, increasing the total from 45 banks. This measure follows the inclusion of the new banks in the Money Market Statistics Reporting (MMSR) on 1 July 2024, after they met quality requirements for data submission. The ECB stated that this expansion will enhance the robustness and representativeness of the €STR benchmark by providing higher transaction volumes from a broader range of institutions, with the impact on the benchmark rate estimated at a negligible -0.2 basis points during the testing period.

ESRB responds to ESMA's consultation on EMIR 3 clearing threshold proposals

The European Systemic Risk Board (ESRB) has published its response to the European Securities and Markets Authority’s (ESMA) consultation on the draft regulatory technical standards (RTS) designed to detail the new clearing thresholds (CTs) under the revised Regulation (EU) 2024/2987 (the European Market Infrastructure Regulation (EMIR 3)). The ESRB endorses the overall approach and the specific calibration of the CTs, noting that the recalibrated thresholds represent a logical evolution from the previous regime while adapting to the objectives of EMIR 3. The ESRB recommends that ESMA reassess the calibration using updated, post-EMIR Refit data to ensure that the thresholds accurately reflect current market conditions. This reassessment will help maintain both the integrity and the intended market coverage under the clearing obligation.

Solvency II—Commission consults on draft delegated decision regarding provisional equivalence for third-country insurers within EU-headquartered groups

The European Commission has launched a consultation on a draft delegated decision concerning the provisional equivalence for third-country insurers within groups headquartered in the EU, in accordance with Article 227 of Directive 2009/138/EC (Solvency II Directive). The Commission proposes that such groups may calculate their solvency requirements and eligible own funds using the capital requirements and available capital rules of their non-EU jurisdiction, rather than solely pursuant to Solvency II. Responses are sought by 3 July 2025, with the intention that the feedback will be considered in finalising the draft decision ahead of its planned adoption in Q3 2025.

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