Aergo Capital (Aergo) has reached a historic milestone for the company, attaining a portfolio of 50 modern commercial jet and turboprop aircraft, as of 31 December 2018 and valued at $1.3bn. This achievement marks the company’s twentieth year of operation, having been established in 1999 by Fred Browne, Aergo’s Chief Executive Officer.
Commenting on today’s announcement, Fred noted: “Over the last two decades Aergo Capital has grown from a boutique trading entity into a full-service operating lessor with an established servicing platform. Last year was an extremely successful year for the company having closed transactions on 11 aircraft, established our new Hong Kong platform, and completed the securitisation of approximately 52% of the Aergo Capital portfolio through our debut ABS structure, METAL 2017-1”.
Aergo has also announced that Antony Snelleman will join the company as co-chief commercial officer & global head of risk.
Snelleman joins Aergo from his position as global head of sales with Milestone Aviation Group, GECAS’ helicopter leasing business. Prior to Milestone, he served as senior vice president and region manager Asia for GECAS where he was responsible for a portfolio of some 200-aircraft worth approximately $8 billion.
Snelleman will be based in Hong Kong and will be responsible for origination and business development throughout the Asia Pacific region, while also being responsible for Aergo’s risk management.