Aergo Capital acquires seven ATR72-500 from TAT Leasing

Aergo Capital has announced that it has acquired a portfolio of seven (7) ATR72-500 aircraft from TAT Leasing. All seven aircraft are on operating leases with Jet Airways. The 2007 / 2008 vintage aircraft bear Manufacturers Serial Numbers 771, 775, 791, 793, 825, 841 and 843. This acquisition brings Aergo’s fleet to 36 aircraft.

Aergo Capital’s Chief Executive Officer, Fred Browne said, “We were very pleased to work with TAT Leasing on this transaction and to continue our long-standing relationship with the company. India has a huge potential for growth and we are delighted to partner with one of India’s premier international airlines.”

Tom Murray of TAT Leasing, remarked, “It has been a pleasure to work with the experienced team from Aergo Capital on this transaction. The cooperation and assistance of Jet Airways who has been our customer for nearly 20 years was also a key element in this deal.”

Smith, Gambrell & Russell (English counsel), A & L Goodbody (Irish counsel), and KPMG (tax consultant) acted for Aergo Capital.