Aerlytix, a fast-growing aviation finance technology specialist from Ireland, has been awarded the Airline Economics Aviation 100 Technology Innovation Award 2022.
The award was won at the Airline Economics Growth Frontiers conference which was held in Dublin from the 8th to the 11th May. The conference returned after two year hiatus, due to the COVID-19 pandemic.
Ireland is renowned for being the home of aircraft leasing, but this is never more evident than during aviation conference week as thousands of aviation executives meet – some for the first time in over two years – to discuss, debate and plan for the future recovery and growth of the aviation industry.
Aviation has tended to lag behind the other asset classes in the financial sector in terms of technology – many manual processes remain, with a deep dependence on spreadsheets for analysing investments and fleet costs.
Aerlytix is transforming aviation financing with disruptive technology, saving significant time and money for aircraft owners and investors, where complex maintenance and lease modelling is key to achieving optimal investment returns.
Aerlytix Analytics Suite is capable of modelling and structuring many different types of complex transactions that previously would only have been possible using a spreadsheet on a case-by-case basis.
The Aerlytix Analytics Suite was nominated by a wide array of aviation financing clients for the Technology Innovation Award, highlighting the benefits of the maintenance forecast processes and the efficiency of the cashflow and maintenance reserve reporting tool, with many noting its flexibility and usability.
Chief Executive Officer, Alan Doyle, said that the company relishes meeting the high demands that have been placed on them.
“Our strong growth trajectory places high demands on us but rising to meet these challenges is what excites and motivates us every day”.
“The highlight of the past year has been working with major lessors and investors and supporting them with their operational and business goals. We partner closely with our clients and adapt to their expanding needs as they explore the truly transformative nature of our technology. As a homegrown Irish company with an international team and outlook we are immensely proud to lead the charge in transforming the future of aviation finance for the better.”