Aergo Capital has announced that it has purchased One (1) Boeing 767-300ER aircraft on lease to Air Italy from FLY Leasing Ltd (NYSE: FLY). The transaction was originated and managed by BBAM. The aircraft will continue to be operated by Air Italy on international commercial routes. This acquisition brings Aergo’s fleet to 24 aircraft (including owned aircraft and aircraft under management).

Aergo Capital’s CEO Fred Browne said “We are delighted to close this transaction with BBAM & Air Italy and to expand our presence in Europe. We are looking forward to working with Air Italy as the airline continues to grow its network under the Meridiana brand.”

“BBAM is pleased to have worked with Aergo Capital and Air Italy on this transaction,” said Steve Zissis, CEO of BBAM. “This is an example of BBAM’s innovative thinking combined with its deep industry experience to develop an outcome that meets the needs of a diverse client base.”