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The fall of GPA day by day
23 October 2009
A much delayed first book about GPA stirs up memories of working there, but as a diary of the tough times, fails to highlight the fun that many employees had at the company, writes Alasdair Whyte.
Read more:
GPA
Christopher Brown
Crash Landing - An Inside Account of the Fall of GPA book
IPO
Gecas
Lehman Brothers
Standard Chartered
Pembroke Capital
ILFC
GPA’s failed initial public offering (IPO) in 1992 is still arguably the most significant event to have hit the aviation finance market. Without GPA there would be no Ryanair, no Gecas, no AerCap, no Pembroke, or Shannon Engine Support. Ireland would not be a key aviation finance location.
But despite its significance to aviation and Ireland – and the hundreds of newspaper and magazine articles written at the time – Christopher Brown’s Crash Landing – An Inside Account of the Fall of GPA is the first book published about the company. While it is not fresh, it is still a fascinating story and an enjoyable read.
Crash Landing briefly covers the launch of GPA in 1970 but is mainly Brown’s diary from April 1990 to April 1996.As well as covering the fall of the lessor, it also discusses individual airline clients and the problems GPA had placing new aircraft.
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