Aergo Capital Limited (“Aergo”) has announced that it is expanding its aviation platform by significantly developing its Structured Products capabilities. These enhanced customer services will be provided by very senior strategic new hires complementing existing expertise.
Aergo’s bold expansion highlights its confidence in the future of aviation, despite the ongoing impact of COVID-19 on the industry and further positions the company to take advantage of opportunities going forward. Additional or enhanced client services include capital and financial structuring; joint ventures using its platform strength and lease management capabilities; remarketing assets; acquisition; disposal; technical advisory; and restructuring services.
Fred Browne, Chief Executive Officer of Aergo, commented: “COVID-19 will pose challenges for the industry into 2021 and beyond. For institutional investors, airlines, and capital markets players, Aergo’s full-service platform can develop and implement strategic solutions to help them address and overcome these challenges. I would note that Aergo’s continued growth would not have been possible without the ongoing support and counsel of our majority shareholder, CarVal Investors.”
Joining the Aergo team are David Power as Executive Chairman (Structured Products) and Board Director Aergo Holdings Limited and Paul Naylor as Chief Commercial Officer (Structured Products), each of whom have over 30 years of relevant experience. The Structured Products team will be enhanced by the appointment of Martin Browne as Chief Operating Officer, Jasmine Chan joins as Operations Manager, and the addition of several new team members, both internally and externally.
Fred Browne, welcomed David and Paul to Aergo by saying: “David Power brings an unrivalled wealth of experience following roles that include CEO of ORIX Aviation Group, Chairman of ORIX Aviation Hong Kong, and board member of Avolon, the world’s third largest Aircraft Lessor. David was the CEO of ORIX Aviation Group from 2003/2004 to November 2018 and under his leadership assets under management grew from $400 million to excess $10 billion. Paul Naylor is an outstanding aviation industry expert in the remarketing of off-lease and on-lease aircraft including the origination of both remarketing and aircraft acquisition assignments. Adding David and Paul to our already talented team will provide Aergo’s customers with unmatched sector expertise.”
Justin Bradburn, Principal for CarVal Investors, said: “COVID-19 is causing perhaps the most distressed environment that the aviation industry has faced to date. For investors who have the right experience, advisors and infrastructure, this distress will create very attractive investment opportunities. Aergo has proven to be a great partner for CarVal. With the addition of David and Paul, and the development of the Structured Products team, I firmly believe Aergo will be a great partner for any institution trying to navigate through this challenging but exciting time.”