26 February 2016: Aergo Capital has announced that it has purchased two ATR72-600 passenger aircraft from Transportation Partners. The aircraft will continue to be operated from Subang Airport, by Malindo Airways Sdn Bhd (“Malindo”) part of the Lion Air Group. Malindo is the fastest growing airline in the Lion Group, which will maximize KLIA airport to turbo-charge the Group’s regional expansion in 2016. DVB Bank SE provided debt finance for the transaction.
Fred Browne, CEO of Aergo said, “We are delighted to close this transaction, our first with Transportation Partners and the Lion Air Group. We look forward to building on this relationship and expanding our presence in Asia”.
John Duffy, Chief Operating Officer of Transportation Partners, remarked, “On behalf of Transportation Partners, I would like to say that I’m delighted to work with Aergo in finding another investor for the ATR72 asset, the feeder plane which enables the high load factors across the Lion network”.
About Aergo Capital (www.aergocapital.com)
Aergo Capital Limited was founded in 1999 as an aircraft leasing and trading company. Over the following 15 years, it established itself as a profitable commercial aircraft trading and leasing company specialising in narrow-body mid-life aircraft.
Since inception, Aergo has traded over 250 aircraft with over 50 airlines across all 7 continents. Aergo is an ambitious aircraft leasing company that is growing quickly and securely. This growth is based on its available resources, understanding of the market, ability to close deals promptly and motivated team with proven expertise in the industry.
About Transportation Partners Pte Ltd (www.transportationpartners.com)
Established in 2011, Transportation Partners is an integrated aviation services company based in Singapore. It is licensed under the Aircraft Leasing Scheme initiated by the Economic Development Board of Singapore. The company provides tailored leasing solutions – covering aircraft, engines and components, to a variety of industry partners, including airlines, lessors, banks and other investors. The core platform comprises aviation professionals with extensive industry experience across global markets.
About DVB Bank SE
DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist in the international Transport Finance business. The Bank offers integrated financing solutions and advisory services in respect of Shipping Finance, Aviation Finance, Offshore Finance and Land Transport Finance. DVB is present at all key international financial centres and transport hubs: at its Frankfurt/Main head office, as well as various European locations (Amsterdam, Athens, Hamburg, London, Oslo and Zurich), plus offices in the Americas (New York City and Curaçao) and in Asia (Singapore and Tokyo). DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501). More information is available on www.dvbbank.com
For further information, please contact:
Michael Moriarty, FleishmanHillard,
+353 87 243 2550
Ruth Burnside, FleishmanHillard,
+353 87 996 7496