THE WORLD’S largest Independent aircraft engine leasing company, Engine Lease Financial Corporation (ELFC), is celebrating 30 years in business in Shannon and vows to grow its work in Ireland.
The company which was founded in 1989 will move back into its newly refurbished headquarters at the Shannon Free Zone after a €4 million upgrade.
ELFC President & CEO, Tom Barrett said, “This is a very significant statement by our company and Shannon Commercial Properties, one that is recognising the 30 years of operations here by ELFC. This extensive upgrade has provided our staff with the very best facilities in the region, a state-of-the-art headquarters that they deserve.
“Along with our parent company, Mitsubishi UFJ Lease & Finance (“MUL”), we look forward to continuing to grow the business of ELFC from our Shannon Free Zone headquarters for the next 30 years. We are delighted to have the support of the landlord who has delivered on our vision for our staff.” he added.
ELFC has gradually built its business since 1989 to the point where its global customer base covers all the continents, with its overseas staff operating from offices in Boston, Hong Kong and London with other staff based in Beijing, Birmingham, Dublin, Madrid, Singapore and Tulsa. In addition to its core engine leasing business, it acquired a majority stake in a Chicago based parts company, INAV LLC, in 2017.
Shannon Group’s Ray O’Driscoll, Managing Director of Shannon Commercial Properties said, “ELFC is a stellar name globally in aircraft engine leasing and its presence here over the past 30 years has played a key role in the Shannon Free Zone becoming a major global cluster in the aviation and aerospace sectors. This is something we are very proud of and grateful for.
He added that as owners of the property, they recognise the work and commitment that ELFC provides and have invested in the best of facilities for the company.