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Diploma in Aviation Leasing and Finance

Start Date
Thursday 27 January 2022 at 6:00 PM
Assignment June 2022.
Delivery Method
Lectures live online on Thursdays 6pm to 9pm with live online workshops on occasional Saturdays. All sessions are recorded and available to view on playback.
CPD Hours
The number of hours of CPD that you may claim in relation to this course will depend on the way in which you access each of the individual sessions.  For further information and the CPD booklet, see CPD scheme.
Course Leader
Claire O'Mahony, Solicitor, Course Leader, C.OMahony@LawSociety.ie.
This item is not available to book online

*2019 Winner Postgraduate Course of the Year in Law in the GradIreland Higher Education Awards; proud finalist in 2020. 

aviation shortlist


Application information

We are no longer accepting applications for this course. If you are interested in applying for a future offering of the course please register for our Interested List. 

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Solicitors and Trainees

To pay online click on the 'Book Now' button. For all other methods of payment please see our methods of payment .

Other Professionals

We welcome applications for this course from suitably qualified professionals. This application will need to be approved before you can book online and is subject to a supplemental fee of €300 making the total course fee €3,300. To apply please email the following documents to diplomateam@lawsociety.ie :

  1. Completed application form (see below)
  2. Curriculum Vitae
  3. Short cover letter setting out your relevant experience


If you are interested in applying for a future offering of the course please register for our Interested List. 

Further information on this course including course structure, module scheme, faculty and workshop dates are set out below. Clicking on the links will bring you directly to that section or simply scroll through to read all the content.

Due to the uncertainty surrounding Covid-19 all sessions for this course will take place both onsite and online.  

Programme objectives

On completion of this training programme, participants will be able to: 

  • Analyse the key legal issues pertaining to the sale and lease of aircraft;
  • Critically evaluate the finance structures involved, how to finance an aviation transaction, and funding available;
  • Explain the key regulatory issues pertaining to aviation;
  • Summarise the legal issues relating to key aviation matters, such as engines, maintenance reserves, security, taxation, insurance, records, and repossession;
  • Draft and amend the key legal and financial documents and structures in aviation leasing and finance transactions;
  • Advise on a range of aviation issues that arise in practice – be it from a lender, lessor, lessee, or airline.

Programme structure and approach to learning

Ireland is internationally recognised as the global hub for aviation leasing and finance, with 14 of the top 15 global aircraft lessors enjoying a presence here. More than 60% of the world’s fleet of leased aircraft is owned, leased, or managed in Ireland. The major industry players have been attracted by Ireland’s stable political regime, membership of the EU, favourable time zone, and talented workforce – not to mention our legal and regulatory advantages. In addition, Ireland’s network of over 70 double tax treaties, combined with the absence of withholding tax on aircraft lease rentals and a corporate tax rate of 12.5%, makes Ireland a commercially attractive place to set up and run an aircraft leasing company. 

This advanced-level diploma provides comprehensive coverage of the key aspects of the aviation leasing and finance industry. It aims to deliver an in-depth analysis of the core legal and practical issues that parties typically encounter in aircraft leasing and finance transactions. 


The programme is based on the following module scheme and covers key themes as listed below:

Module 1: Introduction to the aviation industry

  • Origins of aviation industry in Ireland,
  • Profile of aviation industry 2022,
  • The effect of Covid-19 on the industry
  • Reasons for development of Ireland as aviation hub,
  • Analysis of main industry players in the sector,
    Overview of regulatory framework.

Module 2: Purchase and Leasing Aircraft

  • Reasons for investing in aircraft,
  • Aircraft operating lease agreements and key clauses,
  • Purchasing aircraft – the practical considerations,
  • Relevant purchase documentation,
  • Delivery of aircraft – acceptance certificates, relevant clauses,
  • Aircraft trading – GATS trading e-platform.

Module 3: Aviation Finance

  • Commercial debt financing for aviation,
  • Analysis of key capital markets structures,
  • PDP financing from a leasing company and bank perspective,
  • Analysis of typical Expert Credit Agencies structure (ECA),
  • Function of the Export-Import Bank (US) and Irish Stock Exchange,
  • Typical security taken over aircraft.

Module 4: Regulatory environment

  • Role of Irish Aviation Authority,
  • The Chicago Convention, ICAO, IATA
  • The Cape Town Convention,
  • The International Registry of Mobile Assets,
  • European Aviation Safety Agency Regulations,
  • EU Emissions Trading Scheme,
  • Registration and de-registration of aircraft.

Module 5: Taxation and Aviation

  • Importance of Irish tax residence,
  • Tax opinions, legal opinions,
  • Double taxation treaty network,
  • Withholding tax,
  • Section 110 Companies.

Module 6: Insurance and Aviation

  • Airline aviation insurances and key clauses,
  • Lease insurance provisions in aircraft operating leases,
  • Lessor considerations,
  • Claims management,
  • Standard endorsement analysis.

Module 7: Applied leasing issues

  • Jurisdictional issues,
  • Redelivery of aircraft,
  • Helicopters – leasing, registration,
  • Engine leasing,
  • Maintenance reserves,
  • Aircraft records management,
  • Corporate service providers.

Module 8: Repossession and recovery

  • Repossession in practice,
  • Key documentation, key clauses,
  • Material adverse changes,
  • Relevant default provisions,
  • Termination notices,
  • Applications to court,
  • Enforcement – practical steps.

Module 9: Fleet planning

  • Fleet planning by airlines,
  • Strategies engaged,
  • Case studies,
  • Lessor positioning.

Module 10: Case law and future trends

  • Irish and UK aviation case law update,
  • Future trends for aviation industry.

Module 11: Career Panel event
This will afford students the opportunity to get expert advice from professionals in the industry about how to enter the aviation industry or how to successfully move sectors within the aviation industry.


Workshops are a key feature of this course. These are designed to be interactive and involve working in groups on selected case-study problems and analysis, with an emphasis on the application of the law to common scenarios encountered in practice.

Workshop dates:
  • Saturday 26 February 2022
  • Saturday 2 April 2022
  • Saturday 7 May 2022
  • Saturday 04 June 2022


Assignment scheduled for June 2022.

Who should attend?

In order to apply you must (1) be a qualified lawyer or (2) have a minimum of two years' full-time experience in the aviation industry or (3) have successfully completed the Certificate in Aviation Leasing and Finance. 

This course is suitable for:

  • Solicitors, barristers, and trainees who advise aviation clients or who wish to join the aviation sector;
  • Professionals working in the aviation industry who wish to expand their knowledge with a view to career advancement or moving laterally to another discipline within the industry;
  • Professionals working in aircraft leasing companies or airlines;
  • Contract administrators and engineers;
  • Professionals in financial institutions that fund the purchase of aircraft;
  • Accountants, finance professionals, and tax consultants advising aviation clients; and
  • Insurance professionals specialising in aviation insurance.

We welcome applications for this course from suitably qualified non-members. Please explain your interest and set out any relevant experience in a cover letter and a brief CV. Such applications are subject to a supplemental fee, which amounts to €300 in respect of a diploma application. Students who have successfully completed the Certificate in Aviation Leasing and Finance will be eligible for a discount on their diploma application.

Hear from our graduates

Aengus Farrell

“As a solicitor working in the aircraft leasing and finance industry, I chose to undertake this diploma in order to further develop and enhance my specialist knowledge in the sector and the diploma certainly delivered on that front. The programme and syllabus is very comprehensive and very well designed. I studied many topics which I was already quite familiar with from my day to day work and this gave me the opportunity to really drill down into these areas and develop my expertise. Equally, we covered topics I was a lot less familiar with and getting the opportunity to study these areas and understand the fundamentals of them has really broadened my knowledge base. 

“The programme is also perfectly tailored to busy working professionals. The course organisers are clearly very cognisant of the fact that the majority of people undertaking the diploma will have very demanding jobs and so the flexible online manner in which the course is offered is superb and most welcome.”

– Aengus Farrell (Associate, Matheson), Diploma in Aviation Leasing & Finance Graduate 2019


The teaching faculty for this diploma comprises a fantastic array of world-renowned legal practitioners from Ireland, UK, and the USA, along with leading aviation industry specialists. Lecturers and tutors are drawn from the leading law firms specialising in aviation law, aircraft leasing and management companies, the International Registry of Mobile Assets, asset management companies, insurance companies, the Dublin Aviation Authority, and the Irish Aviation Authority. Previous lectures have included: 

  • Donna Ager, Maples Group,
  • Julien Basset, Carlyle Aviation Partners,
  • Rob Cowan, Aviareto,
  • Jeanette Delahanty, Castlelake Aviation,
  • Patrick Farrell, Norton Rose Fulbright,
  • Dr. Donal Patrick Hanley, McGill University, 
  • Marie Ryan, Avolon,
  • Ben Godsell, Milbank LLP,
  • Richard Goss, Hogan Lovells,
  • Chris Hardisty, Clifford Chance,
  • Stuart Kennedy, Matheson,
  • Daniel Kiely, BoComm Leasing,
  • Kirk Malahy, AerCap,
  • David McGovern, Walkers,
  • Yvonne McWeeney, Matheson,
  • Deirdre Ní Chearbhaill, Avolon,
  • Kieran Oliver, Shannon Engine Support,
  • Marie O’Brien, A&L Goodbody,
  • Christine O’Donovan, Mason Hayes & Curran,
  • Niamh O'Meara, Milestone Aviation Group,
  • Georgina O’Riordan, McCann Fitzgerald,
  • Catherine Quinlan, CQAI Consulting,
  • Ed Riley, Avolon,
  • David Fiore, Ex-Im Bank,
  • Daniel Roberts, Lobo Leasing Limited,
  • Kevin Masterson, Irish Aviation Authority,
  • Mark Shtenko, DVB Bank,
  • Lucy Shtenko, Watson Farley & Williams,
  • Ronan Stewart, Santos Dumont,
  • Gerry Thornton, Matheson,
  • Mary Townsend, ASL Aviation Holdings,
  • Jeff Veber, Vedder Price. 

The number of hours of CPD that solicitors may claim in relation to this course will depend on the way in which you access each of the individual sessions. For latest details and the booklet, see CPD scheme.


Claire O'Mahony, Solicitor, Course Leader, C.OMahony@LawSociety.ie .

*Every effort has been made to ensure the information contained in these pages is accurate and up to date. However timetables and course content are subject to change and date and time changes may occur due to factors beyond our control.


This item is not available to book online