Aergo Capital Explained

Aergo Capital Limited is an Irish aircraft leasing and trading company which was founded in 1999.[1] Originally formed by Denis O'Brien and Fred Browne,[2] in October 2014 Aergo Capital partnered with CarVal Investors and is now under the ownership of funds managed by Carval Investors.[3] [4]

By late 2014, Aergo had reportedly "traded more than 150 aircraft" with over 50 airlines.[5] As of 2017, these airlines included Ethiopian Airlines, South African Airways, Jet Airways in India and Lion Air in Indonesia.[6] As of November 2016, Aergo had a fleet of 30 aircraft.[7] In November 2022, an article in the Irish Independent suggested that the company had acquired Seraph Aviation, bringing its fleet "to more than 300 aircraft".[8] The company's website lists aircraft including ATR 72s, Boeing 737s, Airbus A320s and Airbus A330s.[9]

The company, which is headquartered in Dublin,[8] was reportedly involved in a legal action with Air Italy in late 2008.[10] [11]

External links

Notes and References

  1. News: Irish aircraft lessor Aergo Capital targets $2bn fleet by year end . Irish Times . Barry . O'Halloran . 29 May 2021 . 24 June 2024 .
  2. News: Investment firm takes stake in Denis O'Brien's Aergo . Irish Times . Charlie . Taylor . 2 October 2014 . 24 June 2024 .
  3. News: Joe Brennan . Denis O'Brien Sells Aircraft Leesing Company to CarVal . Bloomberg . 2 October 2014 . 22 October 2016.
  4. News: O'Brien sells off Aergo stake . Irish Examiner . Geoff . Percival . 3 October 2014 . 24 June 2024 .
  5. News: John Mulligan . O'Brien sells stake in aircraft leasing firm Aergo . Independent.ie . 3 October 2014 . 22 October 2016.
  6. News: Aergo Capital refinancing deal may power €1bn in plane purchases . Irish Times . Barry . O'Halloran . 20 November 2017 . 24 June 2024 .
  7. News: Aergo Capital expands its fleet with four Bombardier planes . Barry . O'Halloran . 21 November 2016 . 24 June 2024 .
  8. News: Dublin lessor Aergo Capital in deal to acquire Seraph Aviation . Irish Independent . Fearghal . O'Connor . 27 November 2022 . 24 June 2024 .
  9. Web site: Our Portfolio . aergocapital.com . 24 June 2024 .
  10. Web site: O'Brien's Aergo launches legal action . businesspost.ie . Ian . Kehoe . 2 November 2008 . 24 June 2024 .
  11. Web site: Leasing firm begins action over aircraft purchase agreement . Irish Examiner . 4 November 2008 . 24 June 2024 .

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