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The Aircraft Leasing Industry in Ireland: Cross Border Flows and Statistical Treatment

Author

Listed:
  • Osborne-Kinch, Jenny

    (Central Bank of Ireland)

  • Coates, Dermot

    (Central Bank of Ireland)

  • Nolan, Luke

    (Central Bank of Ireland)

Abstract

This article examines the development of Ireland as a hub for the global aircraft leasing industry. Alongside the US, Ireland has become one of the two major centres in the world for aircraft leasing multinationals, with a significant number of the largest global entities operating here. Using a newly created internal Central Bank of Ireland database on aircraft leasing, we present the results following an analysis of leasing payments, funding flows, and counterparties. The scale of the aircraft leasing sector relative to the size of the Irish economy has the capacity to impact official statistics such as National Accounts and Balance of Payments and complicates the interpretation of movements in these measures over time. As part of this research, the Article examines changes in the statistical treatment of this sector over time arising from the introduction of new statistical methodologies and its implications for official national statistics. Finally, we summarise the possible economic contribution of the industry to Ireland's macroeconomy and the outlook for the industry.

Suggested Citation

  • Osborne-Kinch, Jenny & Coates, Dermot & Nolan, Luke, 2017. "The Aircraft Leasing Industry in Ireland: Cross Border Flows and Statistical Treatment," Quarterly Bulletin Articles, Central Bank of Ireland, pages 58-69, January.
    • Handle: RePEc:cbi:qtbart:y:2017:m:01:p:58-69
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    File URL: https://centralbank.ie/docs/default-source/publications/quarterly-bulletins/qb1-17/quarterly-bulletin-no-1-2017.pdf#page=60
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    Cited by:

    1. Sanchez Pacheco, André, 2022. "A consolidated-by-nationality approach to Irish foreign exposure," International Economics, Elsevier, vol. 170(C), pages 235-247.

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