Aergo Capital announces the acquisition of two widebody aircraft by way of sale & leaseback with Iberia

Aergo Capital Limited (“Aergo”) has completed the sale and leaseback of two widebody aircraft with Iberia. The transaction includes the sale and leaseback of two Airbus A330-200 aircraft, bearing manufacturers serial numbers 1864 and 1882. Both aircraft are subject to long-term leases with Iberia.

Fred Browne, Chief Executive Officer of Aergo, commented: “We are extremely happy to partner with Iberia and further strengthen our relationship with IAG by adding one more carrier to the portfolio. We found Iberia to be proactive and fully supportive in this transaction, resulting in a smooth closing process. We are looking forward to further developing our relationship with the Group & Iberia”

Justin Bradburn, Principal Carval Investors. “We are delighted to close this transaction and broaden the growing relationship with Iberia and the IAG group”.

Mal Murphy, IAG Head of Fleet Investments, commented: “We are very pleased to add Aergo to the IAG panel of trusted lessors with this transaction”.

Smith, Gambrell & Russell (SGR) acted as lead counsel to Aergo and Allen & Overy LLP acted as lead counsel to Iberia. KPMG advised Aergo on tax matters.