Aergo Capital Asset Management Announces Sale of One (1) ATR72-500, on lease to Blue Islands, to Falko
22 December 2023 – Dublin, Ireland: Aergo Capital (“Aergo”) Asset Management has completed the sale of one (1) ATR72-500 aircraft, bearing manufacturer serial number (MSN) 884 to Falko Regional Aircraft Limited (“Falko”) who has acquired the aircraft on behalf of its managed fund, Falko Regional Aircraft Opportunities Fund II (“Fund II”).
Karl Trowbridge, Head of Asset Management at Aergo, commented: “Aergo is delighted to announce the successful sale of MSN 884 to Falko. I would like to thank Blue Islands, who have been an excellent lessee over the years and the Falko team for their dedication in completing this transaction. This deal reaffirms our trading partnership with Falko, following the sale of four (4) DHC-8-400’s earlier this year and we look forward to working on more transactions together in the future.”
Mark Hughes, Falko’s Chief Commercial Officer, commented: “We are delighted to have completed this latest transaction with Aergo who has been an excellent trading partner to Falko having concluded two transactions involving five turboprop aircraft during the second half of 2023. We would like to extend are thanks to the Aergo team for their ongoing professionalism throughout the transaction and look forward to working with them on future opportunities.”
About Aergo Capital
Aergo Capital is an aircraft leasing and asset management company founded in Dublin, Ireland in 1999. Over the last 24 years, Aergo has established itself as a leading global platform with over $5.3bn worth of aircraft owned & managed, operating in over 50 countries around the world. Aergo is one of the top 4 asset managers globally with over 300 years of collective experience in Aergo’s senior management team.
For more information about Aergo Capital, visit www.aergocapital.com or follow us on Linkedin
About Falko
Falko is the world’s largest asset manager and aircraft lessor focused solely on the regional aircraft leasing segment. Falko is one of the longest standing and largest managers of regional aircraft globally. Falko’s strategy is focused on growing its portfolio of funds and aircraft under management and the continued development of products and services in support of its aircraft lease management activity.
Falko was formed in July 2011 through the purchase of BAE Systems Asset Management and its associated aircraft portfolio. Falko is a wholly-owned subsidiary of Chorus Aviation Inc., a company listed on the Toronto Stock Exchange (Symbol: CHR) and, headquartered in Halifax, Nova Scotia, CanadaFor further information about Falko, visit www.falko.com or follow us on LinkedIn.