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]
References
- ^ O'Halloran, Barry (29 May 2021). "Irish aircraft lessor Aergo Capital targets $2bn fleet by year end". Irish Times. Retrieved 24 June 2024.
- ^ Taylor, Charlie (2 October 2014). "Investment firm takes stake in Denis O'Brien's Aergo". Irish Times. Retrieved 24 June 2024.
- ^ Joe Brennan (2 October 2014). "Denis O'Brien Sells Aircraft Leesing Company to CarVal". Bloomberg. Retrieved 22 October 2016.
- ^ Percival, Geoff (3 October 2014). "O'Brien sells off Aergo stake". Irish Examiner. Retrieved 24 June 2024.
- ^ John Mulligan (3 October 2014). "O'Brien sells stake in aircraft leasing firm Aergo". Independent.ie. Retrieved 22 October 2016.
- ^ O'Halloran, Barry (20 November 2017). "Aergo Capital refinancing deal may power €1bn in plane purchases". Irish Times. Retrieved 24 June 2024.
- ^ O'Halloran, Barry (21 November 2016). "Aergo Capital expands its fleet with four Bombardier planes". Retrieved 24 June 2024.
- ^ a b O'Connor, Fearghal (27 November 2022). "Dublin lessor Aergo Capital in deal to acquire Seraph Aviation". Irish Independent. Retrieved 24 June 2024.
- ^ "Our Portfolio". aergocapital.com. Retrieved 24 June 2024.
- ^ Kehoe, Ian (2 November 2008). "O'Brien's Aergo launches legal action". businesspost.ie. Retrieved 24 June 2024.
- ^ "Leasing firm begins action over aircraft purchase agreement". Irish Examiner. 4 November 2008. Retrieved 24 June 2024.
External links
 | This aeronautical company–related article is a stub. You can help Wikipedia by expanding it. |
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]
References
- ^ O'Halloran, Barry (29 May 2021). "Irish aircraft lessor Aergo Capital targets $2bn fleet by year end". Irish Times. Retrieved 24 June 2024.
- ^ Taylor, Charlie (2 October 2014). "Investment firm takes stake in Denis O'Brien's Aergo". Irish Times. Retrieved 24 June 2024.
- ^ Joe Brennan (2 October 2014). "Denis O'Brien Sells Aircraft Leesing Company to CarVal". Bloomberg. Retrieved 22 October 2016.
- ^ Percival, Geoff (3 October 2014). "O'Brien sells off Aergo stake". Irish Examiner. Retrieved 24 June 2024.
- ^ John Mulligan (3 October 2014). "O'Brien sells stake in aircraft leasing firm Aergo". Independent.ie. Retrieved 22 October 2016.
- ^ O'Halloran, Barry (20 November 2017). "Aergo Capital refinancing deal may power €1bn in plane purchases". Irish Times. Retrieved 24 June 2024.
- ^ O'Halloran, Barry (21 November 2016). "Aergo Capital expands its fleet with four Bombardier planes". Retrieved 24 June 2024.
- ^ a b O'Connor, Fearghal (27 November 2022). "Dublin lessor Aergo Capital in deal to acquire Seraph Aviation". Irish Independent. Retrieved 24 June 2024.
- ^ "Our Portfolio". aergocapital.com. Retrieved 24 June 2024.
- ^ Kehoe, Ian (2 November 2008). "O'Brien's Aergo launches legal action". businesspost.ie. Retrieved 24 June 2024.
- ^ "Leasing firm begins action over aircraft purchase agreement". Irish Examiner. 4 November 2008. Retrieved 24 June 2024.
External links
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| This aeronautical company–related article is a stub. You can help Wikipedia by expanding it. |