CarVal acquires stake in Aergo

CarVal Investors has purchased a majority share in Aergo Capital to use the same as a leasing platform going forward. Aergo will become a CarVal platform with Fred Browne  remaining although co-owner Denis O’Brien will leave the company. As Boeing ups the production of the 737 to 52 per month, the Middle East impresses with very strong capacity growth matched by demand. IATA announced yesterday that global passenger traffic results for August show revenue passenger kilometers (RPKs) increased 5.9% year on year continuing a slow upward trend from a 5.4% increase for July year on year. August capacity rose 5.5%