Aergo Capital Announces the Purchase & Lease-Back of Eight (8) Boeing 737-800 Aircraft with WestJet

08 August 2024 – Dublin, Ireland: Aergo Capital Limited (“Aergo”) completes the successful purchase and lease-back of eight (8) B737-800 aircraft with WestJet. 

Fred Browne, Chief Executive Officer of Aergo, commented: “We are thrilled to announce the completion of this purchase & lease-back transaction with WestJet. The eight B737s are an excellent addition to our growing portfolio. This marks our first transaction with WestJet, and we are particularly pleased to add another Canadian carrier to our client base. We look forward to an ongoing relationship with the airline. I would like to thank all who were involved in executing this deal so smoothly and expeditiously.” 

“The successful completion of this agreement with Aergo marks another step forward in the execution of our ambitious growth strategy through strong financing relationships,” said Aaron McKay, Vice-President Treasury and Fleet at WestJet. “We value the ease in which we were able to work with Aergo on this agreement and look forward to the future of this partnership.” 

Smith, Gambrell & Russell, LLP acted as lead counsel to Aergo.    

PK AirFinance acted as the sole lender on this transaction.