Aergo Capital has successfully completed the acquisition and leaseback of 10 2008 vintage A319-100 aircraft, with easyJet. All ten aircraft were closed within 12 weeks of entering into an LOI.
Fred Browne, Chief Executive Officer of Aergo, commented: “We are delighted to have completed this first transaction with easyJet. We found the easyJet team a pleasure to deal with, both in the early stages of the transaction, and throughout the impressively efficient closing logistics. We very much look forward to further strengthening our relationship with the team at easyJet.”
Justin Bradburn, Principal at CarVal, commented: “We are extremely happy to have consummated this transaction with easyJet. The entire process from negotiation, documentation and closing could not have gone smoother. We look forward to being a partner of easyJet’s going forward”
Kenton Jarvis, Chief Financial Officer of easyJet, commented “We are delighted to welcome Aergo as one of our new lessors and see them as a key partner as we continue to utilise sale and leasebacks for the A319 type while we transition these aircraft from the fleet and introduce newer technology Airbus A320 NEO family aircraft.”
Smith, Gambrell & Russell acted as a lead counsel to Aergo. Norton Rose Fullbright acted as a lead counsel to easyJet.
Aergo has also acquired two Boeing 737-800 Freighter aircraft bearing manufacturer serial number 29786 and 29788 subject to leases with BlueBird Nordic.
“We are delighted to have successfully completed the acquisition of two Boeing 737 converted freighters from AviaAM,” said Browne. “We are excited to add BlueBird Nordic to our growing customer base and look forward to building our relationship together. We have worked well with AviaAM on a number of transactions and always find the team a pleasure to deal with. We look forward to completing many more transactions together in the future.”
Tadas Goberis, Chief Executive Officer of AviaAM Leasing, commented: “We are pleased to celebrate the results of the fruitful cooperation. It was a pleasure to once again work with our longstanding partner Aergo Capital and we look forward to continuing our successful partnership for many years to come.“
Siggi Agustsson, Chief Executive Officer of Bluebird Nordic, commented: "The introduction of the Boeing 737-800 Freighters to Bluebird Nordic’s fleet is part of fleet renewal and expansion for the airline. The aircraft type has already proved to be a very liable and economical aircraft and has been very well received by our customers. We look forward working with Aergo Capital."
Smith, Gambrell & Russell again acted as lead counsel to Aergo.