PROFILE: John Molloy
Senior Vice President, Sales & Marketing

John Molloy commenced his career in banking in Ireland with Ulster Bank, a subsidiary of National Westminster Bank Plc, continued with ABN AMRO, Dublin, and then with Irish Bank of Commerce in Dublin.

He joined the aviation industry in 1985 when he was appointed Vice President Finance at International Aeroplane Company Limited (IACO) in Shannon, Ireland.

IACO was a company based in Shannon, Ireland to invest in aircraft assets. Its main shareholders were the Rothschild Group, Switzerland, and Chemical Bank (now Bank of America), USA. From small beginnings this company was sold to a Canadian multinational company, SNC Lavalin.

He joined Debis Financial Services Limited, a subsidiary of Daimler Benz Group in the UK in the mid 1990s where he was Manager Structured Finance. During his period with the company, the company built a successful Lease Finance book in the small and medium ticket Lease products.

He set up his own consultancy company, Aircraft Consultancy & Equipment Sales Limited (ACES Aviation) in 1996. The company has represented a number of clients in the purchase, trading, managing and financing of Aircraft and aircraft engines.

During this period he represented Manufacturers, Banks and Leasing Companies in the purchase, Sale and Leasing of aircraft. Among his clients were BAE, ACG, Macquarie Aviation Capital, West Air Sweden. He represented Willis Lease Finance Corporation in Europe and the Middle East from 1999 until 2012.

In 2014, he joined Sumisho Aero Engine Lease B.V. a newly formed Aircraft Engine Leasing Company. The Company is a Joint Venture between Sumitomo Corporation Group which owns 90% and MTU which owns 10%. Sumitomo Corporation is one of the leading Trading Companies in Japan, with Total Assets of approximately US$80 Billion and with annual profits of approximately US$2.5 Billion. MTU Aero Engines AG is Germany’s leading engine manufacturer and is a leading MRO organisation, with Total assets of approximately US$4.0 Billion.

Since its establishment in 2013 the Company has built up a portfolio in excess of US$200 million to date with an expectation to double the Portfolio in the next year or so. The Company is concentrating on New Generation engine types with a preference for CFM56-5B, CFM56-7B. V2500-A5, GE90-115, GEnX, GTF engines and CF34-10E.