Aergo Capital reports successful fourth quarter

Aergo Capital has announced that during the fourth quarter of 2019 and the beginning of January 2020, the company has completed the sale of six aircraft and the acquisition of three aircraft.

The dispositions included sales of one Airbus A330-200 and one Airbus A330-300 aircraft on lease to Qatar Airways, one Boeing 737-900ER aircraft on lease to Lion Air, one Airbus A320-200 aircraft on lease to Smartlynx, one A321-200 aircraft on lease to Air Transat and one Boeing 737-800 aircraft on lease to Sun Country.

On the purchase side, Aergo has successfully completed the acquisition of two Airbus A321-200 aircraft on lease to Bamboo Airways and one Boeing 737-800 aircraft on lease to Lion Air.

Aergo’s fleet compromises of a mix of wide-body, narrow-body and turboprop aircraft with an average age of seven years and a weighted-average lease term remaining of over eight years. At present, Aergo owns and manages over 40 aircraft, diversified across 16 lessees in 14 countries.

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