Inside Aerlytix: The Irish startup revolutionising aircraft investment
Dublin-based fintech Aerlytix, which specialises in the aircraft leasing sector, is broadening its services to work directly with airlines.
Founded in 2020 by Alan Doyle, Eoin Dalton, Leo Perria, and Claudio Viotti, Aerlytix currently employs 34 staff and has raised €10 million in funding to date.
'We help companies who invest in aircraft, whether that's lending, borrowing, buying or selling, to understand the cash flows over the aircraft's lifetime,' Doyle told the Business Post.
The idea for Aerlytix was developed while working in aircraft leasing, where Doyle found the technology around asset management in the sector had room for improvement.
'I was working in investment banking in London for a long time and then came back to Ireland. I worked with a lessor and I found it was manually intensive and the technology hadn't really been developed,' he said.
'I started working on proof of concepts based on what is used in other asset classes, like equities and derivatives. That's what we've been building out ever since.'
Aerlytix had tough timing for its launch as air travel by and large came to a standstill shortly after the business was founded. Despite that hindrance, it managed to build through the pandemic and has expanded substantially in the years since.
'We found our first two clients just before Covid hit. We hired remotely without seeing anyone in person for around 12 months. We have built it up since to now have more than 25 clients including lessors and banks,' Doyle said.
The business is supported by Enterprise Ireland and Doyle said that Aerlytix engaged the agency as it sought to expand the company's focus.
'We were building out the platform for the leasing and lending space, and felt that a lot of work had been done in that space and wanted to widen our scope. That includes the airline space itself.
'Due to the way the company was growing, Enterprise Ireland recommended we go for a research and development grant. We are doing research as we speak around the airline space, which we think will be a great product.'
Doyle said the assistance from Enterprise Ireland was helping the company attract clients.
'They're helping us with introductions in the space. That's really helpful to us as we launch the product.'
Doyle is quite bullish on the future of Aerlytix and he is hopeful that the company will grow critical to become a key player in the wider industry.
'We want to connect the different players in the sector, using technology to do that. We think that will help us grow globally. We're growing fast and into lots of different areas within the industry. We're just at the beginning of this journey, I genuinely think the company will be huge.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Irish Times
5 hours ago
- Irish Times
Trinity climbs to 75th in world university rankings
Trinity College Dublin , Ireland's highest-ranked third-level institution, has jumped 12 places to 75th in the latest set of world university rankings, while Ireland is the most improved higher education system in Europe. The QS World University Rankings 2026 show that seven of Ireland's eight universities have climbed up the global league table, boosted by factors such as employer reputation and the rising proportion of international staff and students. For the first time all Irish universities now feature among the world's top 800. While Trinity is the highest ranked, it is followed by UCD (118th, up eight places), UCC (246th, up 27 places), University of Galway (284th, down 11 places), University of Limerick (401st, up 20 places) and Dublin City University (410th, up 11 places). READ MORE In addition Maynooth University has climbed the rankings (771-780th, up from 801-850) along with Technological University Dublin (781-790, up from 851-900). The QS World University Rankings 2026 evaluate more than 1,500 universities across 100 countries and territories. Rank in Ireland 2026 rank 2025 rank Institution 1 75 87 Trinity College Dublin 2 118 =126 University College Dublin 3 246 =273 University College Cork 4 284 =273 University of Galway / Ollscoil na Gaillimhe 5 =401 =421 University of Limerick 6 =410 =421 Dublin City University 7 771-780 801-850 Maynooth University 8 781-790 851-900 Technological University of Dublin Overall, MIT in Cambridge, Massachusetts, retains its top position for the 14th year, followed by Imperial College London (second) – led by former UCD president Prof Hugh Brady – and Stanford University (third). While there are more than a dozen world university rankings, the QS version is considered by education observers as one of the 'big three', alongside Times Higher Education and Shanghai's Academic Ranking of World Universities. Critics say university rankings are not an accurate measure of performance and neglect key areas such as the quality of teaching and learning. They remain influential internationally, however, in areas such as reputation, research and student choice. The rankings show Trinity College Dublin improved across key indicators used such as academic reputation, international faculty and graduate outcomes. Trinity's provost Dr Linda Doyle said the rankings news 'encourages us to be even bolder in our ambition for Trinity and, indeed, for Ireland – an ambition that should be championed and defended regardless of the rankings'. She said a sustainable funding model for higher education in Ireland was key to helping it thrive. 'While increased core funding helps us to achieve our ambitions on the national and international stage, we need to see an absolute step-change in how universities and research are funded in Ireland.' Universities have welcomed additional core funding in the Budget 2025, but noted that a €307 million funding gap identified by Government in 2022 is still not fully closed. Ben Sowter, senior vice-president at QS, said Ireland's 'outstanding results' showed the country's campuses were increasingly 'open and diverse, which benefits both domestic and international students, as well as employers seeking globally minded talent'. He said Ireland outperformed many European counterparts and global English-speaking student destinations in key areas such as employer reputation, international faculty and sustainability. Every Irish university also improved its international students ratio, reflecting growing international appeal and diversity on Irish campuses. Mr Sowter said general improvements across the board in academic reputation also showed the increased regard in which institutions' research and educational innovativeness is held. 'Improving the ratio of faculty to students, heightening intensity of research undertaken at universities and ensuring graduates are supported to go on to make meaningful impacts on society will help Irish universities keep improving and making positive contributions to both Ireland and the globe,' he said. Globally, the US remains the most represented system, with 192 universities, and sees more institutions rise than fall in this edition. China has continued its ascent with Peking University holding on to its 14th place, while Tsinghua University rose to 17th, and Fudan University climbed nine spots to 30th, signalling a strong research-led push.
Irish Times
5 hours ago
- Irish Times
Draft occupied territories Bill not expected to cover banning trade in services, says Frances Black
Independent Senator Frances Black has said she expects draft Government legislation banning trade with illegally occupied Palestinian territories will not cover trade in services. The Government has indicated it will publish draft legislation before the end of this month, but has indicated its legal advice is against extending this to trade in services and instead focusing on trade in goods. Ms Black, who first published legislation seeking to curtail trade with the territories in 2018, also said she hopes to be called before the Committee on Foreign Affairs, where she will make the case for the legislation to cover services. Tánaiste Simon Harris, who will bring the legislation to Cabinet next week, has indicated an openness to considering amendments on trade in services if they are brought forward during the legislative process. READ MORE Mr Harris indicated earlier this week that the general scheme – an outline of the legislation – will go to Cabinet next week, which Taoiseach Micheál Martin reiterated at a meeting of his parliamentary party on Wednesday evening. On Tuesday, the Tánaiste said the Bill 'just needs a little bit of final work from a legal point of view' before going to Cabinet next week. Once that is published, it will be sent to the Oireachtas Foreign Affairs committee for pre-legislative scrutiny, a process which is expected to take around two to three weeks to complete. 'I don't think there'll be services in the general scheme, and that's where the debate will be in the Foreign Affairs committee, that's my expectation, that it won't be in,' Ms Black told The Irish Times on Wednesday. She said that her hope was that legal experts whose view is that the inclusion of services is legal will be asked before the committee to give evidence. [ Government wants to pass Bill banning trade with occupied Palestinian territories 'this summer' Opens in new window ] The inclusion of services could potentially mean tech and finance companies which conduct business in the occupied territories. Earlier this week, five separate international legal challenges were launched against Airbnb, the short-term lettings platform, which pro-Palestinian and human rights activists say is currently managing more than 300 holiday lettings in the West Bank. Elsewhere, Mr Harris told his parliamentary party meeting that the escalation in hostilities between Israel and Iran cannot distract from the situation in Gaza, where he said children are starving and humanitarian aid is not getting through. Mr Harris also told his TDs and Senators that the return of AIB to full private ownership is a 'milestone moment' and contrasted it with 2011 'when the entire banking sector was destroyed and the IMF were in town following reckless economic mismanagement'. Mr Martin told the Fianna Fáil meeting that the Government would consider proposals next week arising from the Dublin City Taskforce report, which would include funding for key initiatives including a special-purpose vehicle to partner with site owners to 'transform' the O'Connell Street area. He also welcomed the expansion of the rent pressure zones (RPZs) agreed by Cabinet last week and the granting of additional powers to the Land Development Agency, which got Government approval this week.
The 42
6 hours ago
- The 42
Ex-Southampton boss replaces Chris Wilder as Sheffield United manager
Updated at 20.12 SHEFFIELD UNITED have appointed Ruben Selles as their new manager after Chris Wilder expressed 'great regret' over his departure from Bramall Lane. Selles was swiftly named as Wilder's successor on Wednesday evening, with the Spaniard signing a three-year deal at the Championship club. The 42-year-old former Southampton, Reading and Hull boss told the Blades website: 'When we first heard about the possibility of coming here, it was a no-brainer for us to join a club with this kind of history and with a mission to move forward and try to be even more competitive. 'This is a very powerful and ambitious project. It was very important at the start of the conversations that everyone was on the same page. 'We need to embrace data and new technologies, but the most important thing is not to forget the football essence. 'I think we are capable of delivering a good model and optimising our performance by using all the tools that we have. 'Our identity is always very clear. We want to be aggressive, we want to make things happen. 'So, the fans can expect a team which is not going to wait or be reactive, we will be proactive, we are going to go and try and be as competitive as we can in every single game. If we can do that, then we'll give ourselves a very good chance of winning games.' Advertisement Wilder's departure had been expected over the last 24 hours following the club's end-of-season review into their failure to win promotion to the Premier League. Despite amassing 92 points, United finished third behind Leeds and Burnley and were beaten 2-1 by Sunderland in the play-off final at Wembley after taking the lead. The Blades described Wilder's departure as a 'mutually agreed decision'. The 57-year-old quickly released his statement through the club's media platforms, saying he was 'obviously disappointed' to be leaving Bramall Lane. Wilder said: 'It is with great regret that my time at Sheffield United has come to an end. 'I'd like to thank Stephen Bettis (chief executive) and Prince Abdullah (former owner) for bringing me back to the club and giving me the opportunity to rebuild the team and take this great club forward. 'To the fans, I'm obviously disappointed to be leaving, particularly because we were so close to getting back to the Premier League. 'I'm a Sheffielder through and through, I love this club and this city, and that feeling will never change. 'I depart with some cherished memories and feel proud to be talked about in the same manner that special Sheffield United managers are remembered — leading this team over 300 times will remain an incredible part of my life. This is a heartfelt thank you for all your support.' American-based consortium COH Sports, who completed a takeover in December last year, had handed Wilder a new contract until the end of the 2027-28 season in January.
