Aisling Kenny, CFO of SMBC Aviation Capital, has built a notable career in the aviation leasing sector. She started her career at EY, where she was involved in auditing various clients, including banks and leasing companies. She joined SMBC Aviation Capital (then RBS Aviation Capital) in 2012, initially as manager and head of finance. In 2022, she became the CFO.

Ireland has established itself as a global centre for aircraft leasing with over 60% of the world’s leased aircraft managed from Ireland.  Aisling discusses how Ireland became a hub for aircraft leasing and the growth of SMBC Aviation Capital, which now owns and manages over 1,000 aircraft, “every minute of the day, one aircraft takes off or lands around the world in our portfolio”.

In this episode of the EY CFO Outlook podcast, Aisling Kenny, CFO of SMBC Aviation Capital joins host Jonathan Healy to talk about her career journey, the challenges and opportunities in the aviation leasing industry, and the sector’s focus on sustainability and innovation.

They also discuss:

• Challenges in Aviation Leasing: Despite disruptions like COVID-19 and the war in Russia, SMBC Aviation Capital has grown by focusing on high-demand aircraft and diversifying its portfolio.

• Sustainability in Aviation: Aisling highlights the need for fuel-efficient aircraft and Sustainable Aviation Fuel (SAF) to cut emissions, though capital investment may be required.

• Cultural Collaboration: Aisling speaks about the shared values of Ireland and Japan, with both being outward-looking and respectful of tradition, while striving for future growth.

• The Future of Aviation Leasing: Leased aircraft now make up 60%. Aisling predicts industry consolidation, with larger lessors leading. Graduate programs and apprenticeships are key to sustaining growth.