Aergo Capital delivers two new A330-300 aircraft to South African Airways
22 January 2018: Dublin, Ireland – Aergo Capital (Aergo), the international aircraft leasing company, is pleased to announce the acquisition of two A330-300 aircraft (MSN 1779 & MSN 1792) from Airbus Financial Services. Both aircraft are on long term operating leases with South African Airways and take Aergo Capital’s current portfolio to 42 aircraft.
Commenting on today’s transaction, Fred Browne, CEO, Aergo Capital said, “We are delighted to have concluded our first A330 transaction with South African Airways and look forward to developing our relationship with this long-established flag carrier. Given our global presence and history in the African market, we are excited to support the growth and success of South African Airways”.
In addition, Nigel Taylor, SVP, Airbus Group said, “We are very pleased with this A330 South African Airways lease transaction which was executed in partnership with Aergo Capital. We have closed a number of transactions with Aergo Capital over the past 3 years and their ability to work and execute with us has proved to be excellent. This is a great business cooperation and partnership and shows the continued appeal of the A330 for investors”.
Smith, Gambrell & Russell (English counsel), A & L Goodbody (Irish counsel), Webber Wentzel (South African Counsel) and KPMG (tax consultant) acted for Aergo Capital.
Founded in 1999, Aergo is a fast-growing international aircraft leasing platform with established locations in Dublin, New York, Dubai, Nairobi and Jakarta. Aergo Capital’s current fleet comprises of a mix of widebody, narrowbody and turboprop aircraft with an average age of 5.5 years. As at December 2017, Aergo Capital’s owned and managed portfolio comprises of 42 aircraft, diversified across a portfolio of 19 lessees and 14 countries. The extensive knowledge and expertise of the Aergo team has allowed the company to acquire a portfolio of c. US $1 billion. Led by a senior management team with over 200 years’ combined experience, Aergo has successfully traded over 250 aircraft with over 50 airlines across all 7 continents. Aergo Capital received the 2017 “Aircraft Lessor Debt Deal of the Year- Europe” award from Global Transport Finance following the successful launch of its inaugural ABS transaction, METAL 2017-1 which closed during November 2017.