Edward ‘Ted’ O’Byrne, who stepped down as managing director and co-head of aviation at Carlyle Aviation Partners last year, is behind a new aircraft leasing platform based in Ireland, the Irish Independent has learned.
Before joining Carlyle Aviation Partners in 2010, Mr. O’Byrne was 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 associated companies.
Avilease is believed to be ready to close a series of aircraft deals, but it is not yet known who is funding the company.
Avilease’s other directors include veteran aviation attorney Rob Murphy of the law firm Arthur Cox, who is acting on behalf of the new aircraft management business.
Mr. Murphy is Co-Chairman of Arthur Cox’s Aviation Group. He was previously Chief Operating Officer and General Counsel at CDB Aviation and began his career at Guinness Peat Aviation.
He advised on the establishment of the Dublin based leasing company Avolon, co-founded by Dómhnal Slattery. He also advised AerCap on the acquisition of ILFC in 2013.
Neither Mr O’Byrne nor Mr Murphy could be reached.
Mr O’Byrne, who is a French national, 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.
He joined Carlyle in early 2019 following the acquisition of Apollo Aviation. At Carlyle, he introduced two new investment strategies and last year participated in the acquisition of Fly Leasing. He left Carlyle shortly after this acquisition was completed.
Recently there have been a number of consolidation moves within the aircraft leasing industry.
Last month, Hong Kong-based aircraft leasing firm Goshawk approved a nearly $7 billion sale to SMBC Aviation Capita, creating the world’s second-largest lessor with $37 billion in assets.
Both companies were already among the top 10 global aircraft lessors.
It follows AerCap’s $25 billion acquisition of rival Gecas last year, creating by far the world’s largest lessor.
Fly Leasing, the Dublin-based lessor run by Colm Barrington, was bought by Carlyle last year in a deal with equity value of $520 million and enterprise value of nearly $2.4 billion.
Limerick-based Nordic Aviation Capital has just emerged from bankruptcy in the United States under the control of lenders.
Despite the ongoing challenges in the aviation sector, the leasing sector continues to attract investors.
In April, the Irish Independent announced that leading Irish aviation executives, including Declan Ryan, are planning to set up a new leasing company called TippAero.
Mr Ryan’s Irelandia Aviation supports the company. The same goes for Donal Boylan, a veteran aviation executive who was a former chief executive of China’s CBD Aviation Lease Finance and also CEO and vice chairman of Bohai Leasing.
https://www.independent.ie/business/irish/new-irish-jet-leasing-firm-avilease-ready-for-takeoff-41799751.html New Irish jet leasing company Avilease is ready to go