Aergo Capital continues expansion with new Hong Kong office
23 January 2018: Dublin, Ireland / Hong Kong, China – Aergo Capital (Aergo), the international aircraft leasing company, is pleased to announce the opening of the company’s new Asian Regional office in Hong Kong. The new office is located in The Hong Kong Club Building and will be led by Mr. Dewey Yee, Vice Chairman and Managing Director of Aergo Capital Asia Limited.
Welcoming today’s announcement, Fred Browne, Aergo’s Chief Executive Officer, said, “As a global operating lessor with significant investment in the Asian market, Aergo Capital is delighted to further enhance our presence in this ever-growing region. With the opening of our Hong Kong office, we can continue to serve the needs of our existing and future customers in the Asian market. Dewey and I worked together at GPA over 30 years ago and it is great working side by side again!”
Mr. Yee began his aviation career at GPA in the mid-1980s when he was personally hired by GPA founder Tony Ryan and tasked with opening the China aircraft leasing market. With over 30 years’ experience in the aircraft leasing and finance industry, Mr. Yee will continue to utilise his established relationships with Asian airlines and investment banks to develop Aergo’s strong presence in the region. In addition, Mr. Yee was the key architect of the HKSAR Government’s newly enacted tax regime for the aircraft lessor industry and advised on the development of Hong Kong as a major aircraft leasing and financing nucleus.
Founded in 1999, Aergo is a fast-growing international aircraft leasing platform with established locations in Dublin, New York, Dubai, Nairobi and Jakarta. Aergo Capital’s current fleet comprises of a mix of widebody, narrowbody and turboprop aircraft with an average age of 5.5 years. As at December 2017, Aergo Capital’s owned and managed portfolio comprises of 42 aircraft, diversified across a portfolio of 19 lessees and 14 countries. The extensive knowledge and expertise of the Aergo team has allowed the company to acquire a portfolio of c. US $1 billion. Led by a senior management team with over 200 years’ combined experience, Aergo has successfully traded over 250 aircraft with over 50 airlines across all 7 continents. Aergo Capital received the 2017 “Aircraft Lessor Debt Deal of the Year- Europe” award from Global Transport Finance following the successful launch of its inaugural ABS transaction, METAL 2017-1 which closed during November 2017.