Aergo Capital announces the sale of 5 aircraft
7 October 2019 – Dublin, Ireland: Aergo Capital Limited (“Aergo”) has announced the sale of five (5) aircraft from its managed portfolio.
In Q2 & Q3 2019, the Irish based lessor concluded the sale of; two (2) 2014 vintage ATR 72-600 aircraft, on lease to Malindo Air, to Chorus Aviation Capital; one (1) 2004 vintage ATR 72-500, subject to lease with AfriJet Business Service, to an affiliate of AfriJet Business Service; one (1) 2006 vintage ATR 42-500, to Afrijet Business Service, an existing lessee of the company; and one (1) 2004 Vintage A320-200 to Aero Capital Solutions, subject to operating lease with Smartlynx Airlines.
The aircraft were part of Aergo Capital’s managed ABS vehicle METAL 2017-1.
Fred Browne, Chief Executive Officer of Aergo, commented: “We are very pleased to have closed each of these transactions and commend our business partners for their efficiency in working towards a smooth transaction. Th sale of these aircraft further demonstrates Aergo Capital’s ability to extract value from the market and provide the best return to our ABS noteholders”.