15 September 2023 – Dublin, Ireland: Aergo Capital Limited (“Aergo”) has completed the sale of four (4) DHC-8-400 aircraft bearing manufacturer serial numbers (MSN) 4469, 4472, 4475 and 4476 to Falko. The aircraft are currently on lease to Ethiopian Airlines.
Fred Browne, Chief Executive Officer of Aergo, commented: “Aergo is delighted to successfully complete this transaction with Falko. I would like to extend my thanks to all those in Falko and Ethiopian Airlines who helped execute this deal.”
Mark Hughes, Chief Commercial Officer of Falko, commented: “We are delighted to have completed the acquisition of these four DHC-8-400 on lease to Ethiopian Airlines from Aergo. It has been a pleasure working with the Aergo team and we would like to thank them for their continued collaboration throughout the process. We look forward to working with Aergo on future opportunities and building on this new relationship.”
Smith, Gambrell & Russell, LLP acted as lead counsel to Aergo.
About Aergo Capital
Aergo Capital is an aircraft leasing and asset management company founded in Dublin, Ireland in 1999. Over the last 24 years, Aergo has established itself as a leading global platform with over $5.3bn worth of aircraft owned & managed, operating in over 50 countries around the world. Aergo is one of the top 4 asset managers globally with over 300 years of collective experience in Aergo’s senior management team.
For more information about Aergo Capital, visit www.aergocapital.com or follow us on Linkedin.
Falko is the world’s largest asset manager and aircraft lessor focused solely on the regional aircraft leasing segment. Falko is one of the longest standing and largest managers of regional aircraft globally. Falko’s strategy is focused on growing its portfolio of funds and aircraft under management and the continued development of products and services in support of its aircraft lease management activity.
Falko was formed in July 2011 through the purchase of BAE Systems Asset Management and its associated aircraft portfolio. Falko is a wholly-owned subsidiary of Chorus Aviation Inc. (TSX: CHR), an integrated provider of regional aviation solutions, including asset management services headquartered in Halifax, Nova Scotia.
For further information about Falko, visit www.falko.com or follow on LinkedIn.