Aergo Capital has announced the sale of two (2) aircraft as the company continues to reduce the average age of its fleet.

1.      Aergo Capital & Blackrock Investment Management

Aergo has sold one (1) 2001 Vintage A320-200 bearing Manufacturers Serial Number 1626 to Blackrock Investment Management, LLC – Aviation Group. The aircraft is subject to an operating lease with Avion Express, who will continue to operate the aircraft.

Blake Morgan acted as lead transaction counsel for Aergo Capital and KPMG acted as tax and accounting adviser. Clifford Chance acted as legal counsel for Blackrock Investment Management.

2.      Aergo Capital & VX Capital Partners, LLC

Aergo has sold one (1) 1997 Vintage B737-400 bearing Manufacturers Serial Number 27673 to VX Capital Partners, LLC. The aircraft is subject to an operating lease with NewGen Airways, who will continue to operate the aircraft.

Eric Adema, Principal of VX Capital Partners remarked, “Vx Capital is delighted to closed on this transaction with Aergo Capital, and to now have NewGen Airlines as a leasing customer. Following the ultimate return of this 737-400 from lease in Thailand, we anticipate that the aircraft will be a good candidate for our VXF freighter conversion program.”

Blake Morgan acted as lead transaction counsel for Aergo Capital and KPMG acted as tax and accounting adviser. Clifford Chance acted as legal counsel for VX Capital Partners, LLC.

 

Fred Browne, Chief Executive Office of Aergo Capital commented, “We are delighted work with both Blackrock Investment Management and VX Capital Partners on these transactions as Aergo continues to transition out of older, classic aircraft and focuses on newer technology aircraft.”