22 April 2021 – Dublin, Ireland: Aergo Capital Limited (“Aergo”) has completed the acquisition of four (4) 2014-15 Vintage ATR72-600 aircraft from a major international financial institution. The aircraft were acquired naked and in parallel, lease documentation is close to being agreed on a number of the units.

 

Fred Browne, Chief Executive Officer of Aergo, commented: “This acquisition demonstrates Aergo’s flexibility and broad range of skills which allows us to focus on a wide range of high quality deals that present good value and real opportunity to yield strong returns for our investors. Aergo has seen a growing range of opportunities to work with banks and other players who are motivated to sell in today’s market.”

 

“The AELIS group is pleased to have been able to assist Aergo in arranging this transaction” said Philippe Lienard, CEO of AELIS group.

 

Smith, Gambrell & Russell, LLP acted as acquisition lead counsel to Aergo and KPMG advised on tax matters.