Dublin based aviation analytics solutions company Aerlytix today announced that it has secured a grant of €455,000 through Enterprise Ireland’s Research, Development & Innovation (RD&I) fund. This will directly support the development of new products and services to optimise the airline industry’s analytical capabilities around fleet planning and financing.

The company, which was founded in 2020, has also announced that it plans to create 23 new jobs by 2027 focusing mainly on technical and software development roles.  Eight of these new roles have already been filled in recent months. 

This R&D project aims to create analytics software, designed with airlines, that drives fleet optimisation and enables better financial risk management. This will support the sector to resolve technical challenges, increase employment in Irish aviation companies and drive international business growth.

Speaking at the announcement at Aerlytix’s Dublin HQ, Minister for Enterprise, Tourism and Employment Peter Burke T.D said, 

“I wish to commend the team at Aerlytix on its recent success. Aviation is a key driver of our economy, supporting both direct and indirect employment, and provides crucial connectivity for tourism and business. Ireland is a world leader in aviation leasing whereby more than 65% of the world’s aircraft are leased here. 

Aerlytix continues to make significant inroads into critical segments of the aircraft leasing industry. By providing tangible solutions through innovative analytics technologies, the company is helping to reduce inefficiencies for the sector and accelerate digital transformation across individual organisations. Aerlytix has significant growth plans to further enhance its offering and scale its talented team here in Dublin and I wish the company the very best.”

Commenting on the announcement, Aerlytix Finance Director, Órla Kearney said:

‘The grant funding from Enterprise Ireland’s RD&I Programme accelerates development and delivery of our next generation technology project for customers.  This investment program is propelling Irish-based technology companies forward. We are excited to extend and scale our aviation technology solutions to a broader set of international clients.” 

Speaking on the RD&I fund, Kevin Sherry, Interim CEO, Enterprise Ireland said:

Driving substantially increased investment in Research, Development and Innovation (RD&I) by Irish businesses is a key priority in Enterprise Ireland’s new five-year strategy, ‘Delivering for Ireland, Leading Globally’. That increased investment in innovation is a key driver in the success of Enterprise Ireland’s client base both in Ireland and in international markets. Research shows that businesses that invest in innovation have 2.5 times higher turnover and 4.7 times greater exports than companies not investing in RD&I. Aerlytix has made great progress in a short space of time to develop innovative proprietary analytics solutions for the aviation sector, an area where Ireland leads the way globally in aircraft leasing. We are delighted to support Aerlytix growth plans with significant RD&I funding targeted at supporting the company to deliver accelerated growth across global markets, develop key R&D projects, and create highly skilled new jobs in Ireland.”

For more information about the Aerlytix Analytics Suite and to book a demo please visit https://www.aerlytix.com/request-demo.