Congratulations to the ORIX Aviation group who recently participated in The Great Ethiopian Run in aid of Orbis. The group raised an incredible €60,000 which will no doubt be put to great use.
The staff members who took part were:
Oisín Riordan, David Sparks, Ross O’Kane, Mike MacConnie, Katherine McVeigh, James Corby, Conor Power, Paddy Brophy, Tom Kearney, Shane O’Driscoll and Cindy MacConnie.
You can find out more about Orbis and the event here.
Well done to everyone involved!
On October 17th, ORIX Aviation’s CFO, Marie-Louise Kelly was interviewed by ‘Voltedge‘ for National Women’s Enterprise Day as part of their ‘Ireland’s Leading Female Executives’ piece. You can read Marie Louise’s interview below.
Voltedge: What is your current role and how long you have held this position?
Marie-Louise: I am CFO of ORIX Aviation, and have held that position for over three years.
Voltedge: Where do you draw inspiration from?
Marie-Louise: I work with a fantastic team of people within ORIX Aviation. They are smart, professional and hard working in an environment that is challenging, interesting, dynamic and very rewarding. It is a pleasure to work with these colleagues and their drive, ambition and enthusiasm pushes me further to achieve our goals and strategic aims.
Voltedge: During the course of your career, was there a role model or mentor that stands out for you?
Marie-Louise: I have worked closely for most of the last ten years with James Meyler, firstly when he was Chief Commercial Officer and now as our CEO. He has been a very important mentor for me, always providing sound guidance and feedback. Most importantly he has provided encouragement and support to me. This was particularly evident when I was promoted to CFO upon returning from maternity leave.
Voltedge: What’s the best piece of advice you’ve been given during your career?
Marie-Louise: Not to assume that your manager intuitively understands how you feel or what your development goals are. Constructive discussions need input and thought from both the manager and staff member.
Voltedge: What do you believe is the biggest challenge facing leaders today?
Marie-Louise: More pronounced generational shifts mean that there are cross sections of the workforce with very different work related expectations, motivations, what the ideal work / life balance is, how they value benefits, how they want to be managed and the type of development needs that they have. Leaders need to develop an organisation and culture that can be flexible in meeting expectations across these generations at any given point in time.
Voltedge: What is your favourite quote and why?
Marie-Louise: “The most effective way to do it, is to do it.” – Amelia Earhart
Many good ideas can get lost between suggestion and implementation. If we want to succeed, we need to follow through and encourage people alongside us to do the same.
ORIX Aviation would like to thank Voltedge for including Marie-Louise in their inspiring piece for ‘National Women’s Enterprise Day’. You can find the rest of the article and more interviews from some of Ireland’s leading female executives by clicking on the link below.
www.voltedge.ie/human-resources-news/inspiration-irelands-leading-female-executives-2019/
ORIX Aviation is once again delighted to announce Marie-Louise Kelly’s and Paul O’Dwyer’s nominations as part of Airline Economics 40 under 40 list for 2019. This is the third year that both Marie-Louise and Paul have been nominated.
The full Airline Economics article is available here.
ORIX Aviation Systems, Ltd. and Delta TechOps Execute Multi-year Engine Support Agreement.
ORIX Aviation Systems, Ltd. (ORIX Aviation), announced today that is has signed a 5-Year Maintenance Services Agreement with Delta TechOps (DTO), the maintenance, repair and overhaul division of Delta Air Lines. The agreement will cover the support of CFM56-5B and CFM56-7B aircraft engines.
As both an operator of, and MRO for CFM56-5B and -7B engines, Delta TechOps is uniquely qualified to provide maintenance services to ORIX. Delta TechOps has been maintaining CFM56 engines for numerous years and will be able to pass along the same operational reliability and expertise to this globally established lessor.
“We are pleased to have the expertise of Delta TechOps on board in support of CFM56-5B and CFM56-7B technical requirements which the ORIX Aviation team may have going forward”, said James Meyler, CEO ORIX Aviation Group.
“We are proud that ORIX Aviation has selected Delta TechOps for their CFM56 engine maintenance needs,” said Jack Arehart, VP MRO Services. “The agreement is a testament to our relationship and commitment to excellent customer service. We look forward to building on this partnership with this major aircraft lessor in the coming years.”
Delta TechOps is the largest airline maintenance, repair and overhaul provider in North America. Its customers laud its reputation for high quality service. In addition to supplying maintenance and engineering support for Delta’s fleet of more than 850 aircraft, Delta TechOps serves more than 150 other aviation and airline customers around the world. The organization specializes in high-skill work such as engines, components, hangar and line maintenance. Delta TechOps employs more than 11,000 maintenance professionals and is one of the world’s most-experienced providers with more than 90 years of aviation experience. More about Delta TechOps is available at www.deltatechops.com.
LONDON (S&P Global Ratings) Sept. 2, 2019–S&P Global Ratings affirmed its STRONG overall ranking on ORIX Aviation Systems Ltd. (ORIX Aviation) as a commercial aircraft lease servicer in Ireland. The outlook is stable.
The ranking reflects ORIX Aviation’s:
The outlook is stable. S&P’s opinion is that the company has well-established lease administration operations. They expect ORIX Aviation to maintain its servicing standards at this level. The company continues to closely monitor the developments relating to the Boeing 737 MAX aircraft that was taken out of service by the Federal Aviation Administration earlier this year due to safety issues.
Since S&P’s prior review (see “Ranking Affirmed At STRONG On ORIX Aviation Systems As A Commercial Aircraft Lease Servicer; Outlook Stable,” published on May 25, 2017), ORIX Aviation reported the following key changes:
The financial position is SUFFICIENT.
Related Research
Select Servicer List, June 25, 2019
ORIX Corp., March 26, 2019
EMEA Servicer Evaluation Industry Report 2018, Jan. 30, 2019
Analytical Approach: Global Servicer Evaluations Rankings, Jan. 7, 2019
Ranking Affirmed At STRONG On ORIX Aviation Systems As A Commercial Aircraft Lease Servicer; Outlook Stable, May 25, 2017
Joining Marie-Louise on the panel were Cathy Mannion, Commissioner of the Irish Commission for Aviation Regulation; Lisa Cusack, A330 Pilot with Aer Lingus and Mickael Melaye, Managing Director of Airbus HIS. The panel was moderated by AWAR co-founder and President Amelia Anderson.
The inspiring panel discussion and audience Q&A touched on many important themes impacting women in leadership: key skillsets needed for the C-suite and the Board room, overcoming the many challenges of becoming a pilot and the pervasive biases women pilots can face, the critical importance of instilling confidence and ambition in girls during their formative years and the need to engage male allies in the quest to drive gender equality.
Special thanks to Sandra Healy of the DCU Centre of Excellence for Diversity & Inclusion and to Amelia Anderson for inviting Marie-Louise to join the panel.
Original article appeared on Bloomberg Japan: https://www.bloomberg.co.jp/news/articles/2019-03-12/PNUD6N6K50XS01
Published in the Irish Times on 24th January 2019.
Name: James Meyler
Company: ORIX Aviation Group
Position: Chief executive
ORIX Aviation is a world-leading aircraft lessor, investor and aircraft asset manager having a portfolio of more than 200 aircraft worth $10 billion (€8.7 billion), on lease to about 70 airlines globally.
We own many of the aircraft outright and the rest we manage on behalf of third-party investors. Asset management is core to what we do, providing our experience and expertise as a service for our clients. These clients include US funds, various banks and a number of small to medium sized Japanese firms, attracted by the strong and very stable economic returns on offer.
We were founded in Ireland in 1991 and have been headquartered in Dublin throughout, recognising that Ireland is the worldwide centre of aircraft leasing. We are and have always been wholly owned by ORIX Corporation, a major financial services company based in Tokyo.
We employ just under 100 people; the majority are based in our headquarters in Booterstown, where we cover all necessary functions in-house. We also have an office in Hong Kong which opened in 2017, and a team in Tokyo, Japan.
Including aircraft sales and lease income, our annual turnover is well in excess of $1 billion (€880 million). In our last financial year, ORIX Aviation bought, sold or leased over 100 aircraft valued in excess of $4 billion (€3.5 billion). Year on year over the last 10 years, our growth has been spectacular with $30 billion (€26.3 billion) of executed deals.
2018 was the airline industry’s ninth successive year of above-average growth and net profitability; this has resulted in a healthy but also very competitive aircraft-leasing market for the last few years. We have grown continuously and selectively throughout. Last year we also acquired a 30 per cent stake in lessor Avolon for $2.2 billion (€1.9 billion), which demonstrates our long-term confidence in the industry.
Mr. Gerber is currently Global Transportation Finance Executive Chair, Board and Executive Committee Member of leading international law firm, Vedder Price. Mr. Gerber joined Vedder Price in 1991 and is regarded as one of the top aviation lawyers globally. Under his leadership as Chair of the Global Transportation Finance team at Vedder Price, the firm’s commercial aviation finance practice achieved global recognition and prominence and has been noted by Chambers Global as “one of the top law firms for Asset Finance in the world.”
Mr. Gerber currently serves on the Board of The International Society for Transport Aircraft Trading (ISTAT), is on the Executive Committee for the Legal Advisory Panel for the industry body, Aviation Working Group (AWG), and has been a frequent writer and speaker at industry seminars, air finance conferences and legal forums. Among his many accolades, he was selected annually by his peers for inclusion in The Best Lawyers in America since 2008 and was inducted into the inaugural Legal 500 US Hall of Fame in 2017.
“Dean possesses tremendous legal and aviation business knowledge and experience that will be a great asset to our company in his new role as General Counsel” said James Meyler, Chief Executive Officer at ORIX Aviation. “He has an impressive history of achievement throughout his legal career. I am delighted to have him join our team.”
“I am honoured to serve as ORIX Aviation’s General Counsel and I look forward to working with the fantastic team at ORIX Aviation and its global airline customers and asset management clients” said Dean Gerber.
About ORIX Aviation Systems:
ORIX Aviation was established in 1991 in Dublin, Ireland and is a 100% subsidiary of ORIX Corporation of Japan. ORIX Aviation owns and manages over 200 aircraft and leases them to more than 70 airlines located in over 30 countries. ORIX Aviation is headquartered in Dublin with offices in Hong Kong and a team of 85 professionals with USD10 billion of aircraft assets under management. In the past 12 months ORIX Aviation has bought, sold or leased over 100 aircraft valued in excess of USD4 billion. ORIX Aviation completed the acquisition of a 30% shareholding in Avolon in November 2018.
ORIX Aviation is focused primarily on investing and trading opportunities in the aircraft leasing and aircraft asset management space while maintaining a strong balance sheet of owned assets to support stable long term profits and future growth. ORIX Aviation is ranked by S&P Global Ratings as STRONG overall ranking on ORIX Aviation as a commercial aircraft lease servicer. The outlook is stable.
The asset management clients of ORIX Aviation are investors based in Japan, US funds and international banks and financial investors.
For more details, please visit our website: www.orixaviation.com
About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is an opportunistic, diversified, innovation-driven global powerhouse with a proven track record of profitability. Established in 1964, ORIX at present operates a diverse portfolio of businesses in the operations, financial services, and investment spaces. ORIX’s highly complementary business activities span industries including: energy, private equity, infrastructure, automotive, ship and aircraft, real estate and retail financial services. ORIX has also spread its business globally by establishing locations in a total of 38 countries and regions across the world. Through its business activities, ORIX has long been committed to corporate citizenship and environmental sustainability. For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of September 30, 2018)
About Vedder Price:
Vedder Price is a thriving, 300-lawyer firm with seven offices worldwide, including Chicago, New York, Washington, DC, London, San Francisco, Los Angeles and Singapore. The firm offers a unique mix of finance, corporate, labor and employment, and litigation skills, including market-leading practices in global transportation finance, middle-market finance/M&A, executive compensation, employment class actions and more. Vedder Price has enduring relationships with marquee organizations, and many of the firm’s clients have been with the firm since its founding in 1952.
For more information, visit vedderprice.com
Caution Concerning Forward-Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2017 – March 31, 2018.”