Company directors include ex-AerCap executive Ted O’Byrne and aviation lawyer Rob Murphy
Edward ‘Ted’ O’Byrne, who resigned last year as managing director and co-head of aviation at Carlyle Aviation Partners, is behind a new Ireland-based aircraft leasing platform, the Irish Independent has learned.
Before joining Carlyle Aviation Partners in 2010, Mr O’Byrne was the chief investment officer at Dublin-based AerCap, the world’s largest aircraft leasing company.
He is a director of the newly-formed Avilease Aviation Management Ireland and a number of related companies.
It is believed Avilease is poised to seal a number of aircraft deals but it is not yet known who is bankrolling the venture.
Other directors of Avilease include seasoned aviation lawyer Rob Murphy from law firm Arthur Cox, which is acting on behalf of the new aircraft management business.
Mr Murphy is co-chair of Arthur Cox’s aviation group. He was previously the chief operating officer and general counsel at CDB Aviation and started his career at Guinness Peat Aviation.
He advised on the formation of Dublin-based leasing firm Avolon, which was co-founded by Dómhnal Slattery. He also advised AerCap on the acquisition of ILFC in 2013.
Neither Mr O’Byrne nor Mr Murphy were contactable.
Mr O’Byrne, who has French nationality, worked for Airbus before joining AerCap in 2007.
At AerCap, he was head of portfolio management for a year between 2010 and 2011 before being appointed chief investment officer at the lessor.
In early 2019, he joined Carlyle following its acquisition of Apollo Aviation. At Carlyle, he launched two new investment strategies and participated in the acquisition last year of Fly Leasing. He left Carlyle soon after that takeover was completed.
There has been a number of consolidation moves within the aircraft leasing sector recently.
Last month, the Hong Kong owners of Dublin-based aircraft leasing company Goshawk approved its near $7bn (€6.6bn) sale to SMBC Aviation Capita in a deal that will create the world’s second largest lessor with assets of $37bn.
Both companies were already among the top 10 global aircraft lessors.
It follows the $25bn takeover last year by AerCap of rival Gecas, which created the world’s biggest lessor by far.
Fly Leasing, the Dublin-based lessor that was headed by Colm Barrington, was bought last year by Carlyle in a deal with an equity value of $520m and an enterprise value of almost $2.4bn.
Limerick-based Nordic Aviation Capital has just emerged from bankruptcy in the United States under the control of lenders.
Despite the challenges that persist in the aviation sector, the leasing sector continues to attract investors.
In April, the Irish Independent revealed that leading Irish aviation executives including Declan Ryan are planning to launch a new leasing firm called TippAero.
Mr Ryan’s Irelandia Aviation is backing the business. So too is Donal Boylan, a seasoned aviation executive who is a former chief executive of China’s CBD Aviation Lease Finance and also served as CEO and vice chairman of Bohai Leasing.