Profitability of €100BN+ leased aircraft now modelled by Miagen

Miagen, the leader in financial modelling technology solutions, has announced that its LeaseGen solution is now responsible for the financial modelling of one-in-five of the global leased aircraft fleet, to a value of more than €100BN. Miagen breached the €100BN milestone following the closure of a number of new deals, which included the Florida and Dublin-based lessor, Azorra.

Approximately half of the global commercial aircraft fleet is leased from lessors to airlines, ensuring more fleet flexibility for the airlines, along with less financial risk. With more than 50% of aircraft leasing companies being based in Ireland, it is a globally recognised powerhouse for the industry. The global market is expected to grow from $183BN in 2024 to $402BN by 20321.

Miagen is supporting this growth with LeaseGen, a financial planning and analysis tool designed specifically for some of the world’s largest aircraft leasing companies. Custom-built for each lessor, it enables them to extract the maximum value from their assets. Its success in doing so has meant that Miagen now serves approximately 30% of future orders from aviation giants Boeing and Airbus.

Central to this is LeaseGen’s ability to drive better financial decisions by allowing lessors to assess multiple and complicated financial scenarios for an individual aircraft, or a portfolio, quickly and easily – in a matter of minutes rather than days – ensuring they have a clear understanding of how their assets will perform over time. This, in turn, helps them to secure financing while minimising risksrelated to variables such as lease rates and interest rates.

Over the last 12 months, Miagen has made significant investments in advancing LeaseGen’s technology. The solution now uses automation to eliminate human error, ensuring more accurate data and analysis throughout the lifecycle of an aircraft. In addition to supporting financial modelling, this also helps to shorten time spent on data entry for financial reporting by up to 20 days, while also giving clearer insights for auditing.

Brian Byrne, COO, Miagen, said: “Ireland’s dominance in the aircraft leasing industry is remarkable – and growing. We are the global epicentre for leasing companies, which has been of huge benefit to our economy, as well as the accessibility of air travel.

“At Miagen, we have built an invaluable tool for lessors worldwide, and we are continuing to invest in it to ensure we are giving leasing companies the smartest, most accurate insights available. Through these insights, we are supporting the growth of a €183BN global industry and playing a significant role in helping Ireland’s aircraft leasing industry to grow.”

See more stories here.