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Crash Landing: An Inside Account of the Fall of GPA, by Christopher Brown
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It was at the time the largest aircraft leasing company in the world. Its collapse was an international event and one of the biggest Irish business failures of modern times. The story of its decline and fall is told by Chris Brown, a senior executive, in the form of a diary which he kept at the time. He ascribes much of the blame for the collapse of GPA to its charismatic founder, the late Dr Tony Ryan whose autocratic management style brooked no opposition. But out of the ashes of the GPA debacle arose another one of Ryan' s businesses: from small beginnings Ryanair has grown to be the largest airline in Europe less than twenty years later.
- Sales Rank: #3511337 in Books
- Published on: 2009-09-25
- Original language: English
- Number of items: 1
- Dimensions: 9.25" h x 6.50" w x 1.00" l,
- Binding: Hardcover
- 238 pages
About the Author
Originally from Northumberland, the author spent 12 years as an airline lawyer - 9 of them with Freddie Laker. Joined GPA Leasing division in 1985. After GE Capital arrived in 1993, stayed with GECAS until 1996. Thereafter an aviation consultant, working in UK and Guernsey. Now lives by the Peak District with 2nd wife, Elaine. Daughter Lucy is an actor: son, Mark, a film maker.
Most helpful customer reviews
1 of 1 people found the following review helpful.
For those interested in the collapse of GPA, once ...
By Enplaned
For those interested in the collapse of GPA, once the largest aircraft leasing company in the world, most of whose fleet became a component of what became GECAS -- GE Capital Aviation Services, today the largest aircraft leasing company in the world. Will appeal mostly to those who know something about aircraft leasing.
Interestingly, the rump of GPA became AerFi, which merged with a couple of other leasing companies and became AerCap. AerCap recently bought what was once GPA's rival, ILFC, from AIG -- and now AerCap, the direct corporate successor to GPA, is the second-largest aircraft leasing company in the world. So, from the old GPA you can trace both today's Number 1 and Number 2 aircraft leasing companies. GPA is the fundamental reason why today the center of world aircraft leasing is Ireland -- so many folks got their start there, and have founded other Irish aircraft leasing entities. Even non-Irish aircraft lessors often base their leasing activities in Ireland, due to the local talent and favorable tax laws.
GPA collapsed basically because of hubris. Dr Tony Ryan, it's founder, took on too much, too fast. Interesting sidenote -- another family project was Ryanair, today the biggest low-cost carrier in Europe. These were talented people, for all they stubbed their toe badly on GPA.
0 of 0 people found the following review helpful.
Five Stars
By Chris Yao
Good book.
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