FEBRUARY 26TH, 2016
Aergo Capital acquires two ATR72-600 aircraft from Transportation Partners
26 February 2016: Aergo Capital has announced that it has purchased two ATR72-600 passenger aircraft from Transportation Partners. The aircraft will continue to be operated from Subang Airport, by Malindo Airways Sdn Bhd (“Malindo”), part of the Lion Air Group. Malindo, the fastest growing airline in the Lion Air Group, will maximize KLIA airport to turbo-charge the Lion Air Group’s regional expansion in 2016. DVB Bank SE provided debt finance for the transaction.
Fred Browne, CEO of Aergo Capital, said, “We are delighted to close this transaction, our first with Transportation Partners and the Lion Air Group. We look forward to building on this relationship and expanding our presence in Asia”.
John Duffy, Chief Operating Officer of Transportation Partners, remarked, “On behalf of Transportation Partners, I would like to say that I’m delighted to work with Aergo Capital in finding another investor for the ATR72 asset, the feeder plane which enables the high load factors across the Lion network".