6 September 2023 – Dublin, Ireland: Aergo Capital Limited (“Aergo”) has acquired one (1) CFM56-7B26E engine from Total Engine Asset Management (TEAM). The engine is currently on a long-term lease to Lion Air.
Fred Browne, Chief Executive Officer of Aergo, commented: “We are happy to announce the successful acquisition of this CFM56-7B engine from TEAM, with lease attached to our long-standing partner Lion Air. We would like to extend our gratitude to Total Engine Asset Management for their collaboration and professionalism throughout the acquisition process. We look forward to further building our relationship with TEAM and Lion Air.”
Jin Nakamura / Tan Shih Shiuan, Managing Director of Total Engine Asset Management commented: “We are pleased to announce the successful completion of our first novation transaction with Aergo. This transaction was meaningful for us as it demonstrates that the aviation market is recovering from a long COVID period and is going from strength to strength. We would like to thank Aergo for their outstanding expertise throughout the novation process and we look forward to building further relationships with them.”