Aergo Capital announces the acquisition of two (2) Boeing 737-800 aircraft on lease to T’Way from SMBC Aviation Capital

20th August 2024 – Dublin, Ireland: Aergo Capital Limited (“Aergo”) has acquired two (2) Boeing 737-800 aircraft, bearing the manufacturer serial numbers 40308 & 34989 from SMBC Aviation Capital. The aircraft are on lease to Korean low-cost carrier, T’way.

Fred Browne, Chief Executive Officer of Aergo, commented: “It is a pleasure to announce the acquisition of the two Boeing 737-800 aircraft from SMBC Aviation Capital. We are particularly excited to add T’way to our portfolio as a new lessee. I would also like to thank SMBC Aviation Capital for their diligence in getting this deal over the line and look forward to working with them again in the future.”

Michael Littleton, Head of Aircraft Trading, SMBC Aviation Capital, commented: “SMBC Aviation Capital are pleased to confirm the sale of two Boeing 737-800 to Aergo. This transaction strengthens the relationship between SMBC Aviation Capital and Aergo and we look forward to building on this relationship in the future.”

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

McCann Fitzgerald, LLP acted as lead counsel to SMBC Aviation Capital.

MUFG acted as the sole lender on this transaction.

About Aergo Capital:
Aergo Capital is an aircraft leasing and asset management company founded in Dublin, Ireland in 1999. Over the last 25 years, Aergo has established itself as a leading global platform with over $5.5bn worth of aircraft owned & managed, operating in over 40 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 SMBC Aviation Capital

SMBC Aviation Capital is the second largest aircraft lessor in the world. Benefitting from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation, SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 83% narrow-body aircraft and 66% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business.

For more information, please visit: https://www.smbc.aero/

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