31 October 2017 – Dublin, Ireland & Hong Kong:  Aergo Capital has acquired two B737-800s, one A321-200, and one A330-200 aircraft from a major lessor. All four aircraft are on long term operating leases and this acquisition brings Aergo Capital’s fleet to 41 aircraft. The acquired portfolio consists of the following aircraft:

 

Lessee Aircraft Type Country Vintage
Lucky Air B737-800 China 2015
Sun Country Airlines B737-800 United States 2001
Smartlynx Estonia A321-200 Estonia 2004
Shaheen Air A330-200 Pakistan 2007

 

Aergo Capital’s CEO Fred Browne said, “This acquisition is a continuation of our strategy of acquiring younger aircraft on long term lease and trading out of older, classic aircraft. We look forward to working with several new lessees in addition to Smartlynx with whom we already have a strong partnership”.

 

A&L Goodbody acted as lead transaction counsel for Aergo Capital and KPMG acted as tax and accounting adviser. Smith Gambrell & Russell acted as NY counsel for Aergo Capital.