Dublin, Ireland /PRNewswire/ – Aergo Capital Limited (the “Company” or “Aergo“) announced today that its Chief Commercial Officer, Gerry Power, will depart the Company on 28 February 2018.

Gerry was seconded to Aergo to undertake the role of Chief Commercial Officer and he will now return to Power Aviation Support after successfully completing his contract.

Commenting on Gerry’s role at Aergo, CEO Fred Browne said “Gerry has played a key role in transitioning Aergo to an airline centric operating lessor with a fleet value of circa US$1b. In his two years at Aergo, he has worked side-by-side with me to develop a very strong and experienced global commercial team. Gerry was instrumental in establishing Aergo’s ‘Trading Floor Platform’ which primarily supports the commercial team. Gerry was also hugely important in upgrading the Company’s management systems and processes. We are very grateful for Gerry’s significant contribution in transforming the Company in the past two years and for the role he played in our recent successful securitisation transaction. The Company wishes Gerry continued success at Power Aviation.”

Commenting on his tenure at Aergo, Gerry said “It was a great honour to have been selected by Aergo to help transition the Company after its acquisition by CarVal Investors. I have thoroughly enjoyed my two years working with Fred, developing the Aergo brand, establishing a global commercial presence and cultivating great young talent. Aergo is an exceptional company with the business acumen and financial resources to close deals quickly anywhere in the world. I loved the speed at which things were accomplished and I am proud to have played an important part in Aergo’s transformation. I believe the Company will continue to grow and prosper under Fred’s leadership and I wish the Aergo team every success for the future.”

About Aergo Capital
Aergo Capital Limited was founded in 1999 as an aircraft leasing and trading company. Since inception, Aergo has traded over 280 aircraft with over 50 airlines across all 7 continents. Aergo has been under the ownership of funds managed by CarVal Investors since 2014, and has evolved into a full-scale operating lessor. Aergo now has a fleet of 42 aircraft, a senior management team with over 200 years’ experience and a global marketing presence in New York, Dublin, Nairobi, Dubai, Jakarta and Hong Kong. For more information visit www.aergocapital.com

For further information, please contact:
Michael Moriarty, FleishmanHillard, +353 87 243 2550 or michael.moriarty@fleishmaneurope.com