Aviation

Sky is the limit for Grant Thornton after aviation deal

Professional services firm says multimillion euro aircraft management contract will bring in recurring revenue and help it win more work

Tim O’Connell, head of Aviation Advisory at Grant Thornton Ireland, says the deal is a first for a professional services firm anywhere in the world. Picture: Maura Hickey

Grant Thornton has announced a major new deal in the aviation leasing sector, with its Irish arm signing a multimillion-euro deal to manage a fleet of almost 300 aircraft.

Under the terms of the deal with Castlelake, the US alternative investment firm, Grant Thornton will manage the portfolio of narrowbody and widebody aircraft assets that are leased to airlines all over the world.

Tim O’Connell, aviation partner in Grant Thornton, said the deal is a ...