Aergo Capital announces the acquisition of one (1) Airbus A320-200 aircraft, on lease to Iberia, managed by SMBC Aviation Capital
31 October 2024 – Dublin, Ireland: Aergo Capital Limited (“Aergo”) has acquired one (1) Airbus A320-200 aircraft, bearing the manufacturer serial number 5692, from SMBC Aviation Capital acting as servicer. The aircraft is on lease to Iberia.
Fred Browne, Chief Executive Officer of Aergo, commented: “We are happy to announce the acquisition of this Airbus A320-200 aircraft, on lease to Iberia, which SMBC Aviation Capital managed. We would like to extend our gratitude to the SMBC Aviation Capital team for their diligence and collaboration in getting this deal over the line.”
Mike Littleton, Head of Aircraft Trading at SMBC Aviation Capital, commented: “We are pleased to confirm the sale of one (1) Airbus A320-200 aircraft, which is managed by SMBC Aviation Capital, to Aergo. This transaction further strengthens the relationship between SMBC Aviation Capital and Aergo.”
Smith, Gambrell & Russell, LLP acted as lead counsel to Aergo.
Investec Bank plc acted as the sole lender on this transaction.
About Aergo Capital:
Aergo Capital is an aircraft leasing and asset management company founded in Dublin, Ireland in 1999. Over the last 25 years, Aergo has established itself as a leading global platform with over $5bn worth of aircraft owned & managed, operating in over 40 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.
About SMBC Aviation Capital:
Headquartered in Dublin, Ireland, SMBC Aviation Capital is one of the world’s largest aircraft lessors. SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 83% narrow-body aircraft and 66% new technology aircraft (by net book value). With an owned managed and committed fleet of over 1000 aircraft, SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit:
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Dara O’Sullivan +353 86 021 0135
Ellen Sherry +353 86 782 5906