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. For more information on residence concepts in double tax treaties, see Practice Note: Residence articles in double tax treaties.

For guidance on when aviation leasing, asset management or agency activity may give rise to a permanent establishment under double tax treaties, see Practice Note: The concept of permanent establishment in double tax treaties.

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

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Latest Ireland - Banking & Financial Services News

Broker jailed for fraud that cost aviation industry £39m

Law360, London: A former aeroplane parts broker was sentenced on 23 February 2026 to more than four years in prison for forging the certification of parts in a fraud that grounded commercial jets and cost the aviation industry £39m.

ESMA consults on guarantees as CCP collateral and investment policy standards following EMIR 3 review

The European Securities and Markets Authority (ESMA) has launched a public consultation on draft regulatory technical standards (RTS) amending Commission Delegated Regulation 153/2013, following the review of the European Market Infrastructure Regulation (EMIR 3). The consultation seeks views on conditions for central counterparties (CCPs) to accept public guarantees, public bank guarantees and commercial bank guarantees as collateral, conditions for debt instruments as eligible financial instruments for CCP investment policy, and highly secured arrangements for emission allowances posted as margins or default fund contributions. EMIR 3 permanently broadens the types of guarantees acceptable as eligible collateral and extends scope to clients of CCPs that are non-financial counterparties. The consultation closes on 30 April 2026, with ESMA expected to submit final draft RTS to the European Commission by end-2026.

SFO secures prison sentence for aircraft engine parts fraud

The Serious Fraud Office (SFO) has secured a prison sentence of four years and eight months for Jose Alejandro Zamora Yrala, director of AOG Technics, after uncovering a £39.3m global aircraft engine parts fraud involving over 60,000 parts sold with forged Authorised Release Certificates (ARCs), risking public safety and disrupting the aviation industry. The SFO found that between January 2019 and July 2023 Zamora doctored genuine ARCs, invented fake employees and created false memos, with most parts linked to the CFM56 engine. The operation collapsed when Safran identified a fake certificate, prompting safety alerts from UK, US and EU aviation authorities and grounding planes worldwide. Zamora pleaded guilty to fraudulent trading in December 2025, with the SFO stating the scheme posed serious safety risks.

Evolving standards—operational resilience for MiFID investment firms in 2026

Ireland—Banking & Financial Services analysis: This article, written by Katherine Quirke, Of Counsel (Debt Finance) and Sarah Thompson, Partner and Head of Environmental, Social and Governance and Financial Regulation, of Arthur Cox LLP, outlines the Central Bank of Ireland (the CBI) publication on 12 January 2026 of the outcome of its Thematic Assessment of Operational Resilience in the MiFID Investment Firm Sector. It highlights the CBI’s findings (including recommended enhancements in the identification and mapping of critical or important business services and scenario testing) and the CBI’s expectations for next steps.

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