Shay Brennan warns on aircraft leasing amid US-EU tariff talks

Shay Brennan asked the Government what steps it is taking to protect Ireland's aircraft leasing industry amid EU-US trade negotiations over potential retaliatory tariffs. He highlighted that the sector is uniquely exposed and sought assurance that Government and EU representation will safeguard almost 9,000 jobs and nearly 900 million annually.

Context of the question

Shay Brennan raised the issue in the context of ongoing negotiations between the European Union and the United States on trade matters, where discussion continues around the development of a retaliatory tariffs list. He asked for clarity on what specific steps the Government is taking, both directly and through EU representation, to protect the industry.

Trade negotiations and possible aviation measures

The final retaliatory list under discussion could potentially include measures affecting the aviation sector. The contribution of aviation and aircraft leasing to trade discussions was flagged as a central concern in the exchange.

Sector exposure and economic scale

Brennan stressed that Ireland is uniquely exposed as the home of the world's largest aircraft leasing industry, supporting almost 9,000 high-quality skilled jobs and contributing nearly 900 million annually to the Irish economy. He emphasised the sector's strategic importance not just to Ireland but to the wider European aviation ecosystem.

Government response and EU engagement

The Government replied that it is in constant engagement with the European Commission on the trade tariff situation, stressing a preference for a negotiated resolution between the EU and the United States because - as stated in the record - "if there is to be a tariff war, there are no winners." The reply noted that the Commission is familiar with the sector's needs from previous crises and described Ireland as supportive while the EU has been facilitative and understanding.

Implications and expectations

Shay Brennan sought specific assurances and steps to ensure the interests of Ireland's aircraft leasing industry are fully protected through bilateral and EU-level action. The record indicates an ongoing focus on negotiation and Commission engagement as the primary route to avoid damaging retaliatory measures.