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
References
- Barry O'Halloran. Irish aircraft lessor Aergo Capital targets $2bn fleet by year end Irish Times, 29 May 2021, retrieved 24 June 2024^
- Charlie Taylor. Investment firm takes stake in Denis O'Brien's Aergo Irish Times, 2 October 2014, retrieved 24 June 2024^
- Joe Brennan. Denis O'Brien Sells Aircraft Leesing Company to CarVal