Legacy
Many of the directors and staff of GPA subsequently went on to found or work for other aircraft lessors, such as GECAS, Genesis Lease, CIT, ILFC, Pembroke Capital, AerCap (formerly debisAirFinance), International Aircraft Management Group (now RBS Aviation Capital), Babcock & Brown (now Fly Leasing) and Aircastle. The availability of this cadre of highly trained specialists in Ireland is one of the principal reasons (along with a favourable corporate tax environment associated with the International Financial Services Centre (IFSC) in Dublin) why the country has become one of the worldwide centres of the commercial aircraft financing and leasing industry, with over 40 companies, most located in the IFSC. GPA's founder, Tony Ryan, set up his own airline, Ryanair, now Europe's biggest, carrying over 65 mn passengers annually.
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Famous quotes containing the word legacy:
“What is popularly called fame is nothing but an empty name and a legacy from paganism.”
—Desiderius Erasmus (c. 1466–1536)