Aergo Capital acquires four Q400 NextGen aircraft on lease to Ethiopian Airlines

Eleanor Steed
By Eleanor Steed November 21, 2016 11:52

Aergo Capital acquires four Q400 NextGen aircraft on lease to Ethiopian Airlines

Aergo Capital has acquired the ownership interest in a BVI entity which holds the ownership interest in four Bombardier Q400 NextGen aircraft. The existing financing with Export Development Canada will remain in place. The four 2014 vintage aircraft bear Manufacturers Serial Numbers’ 4469, 4472, 4475 and 4476. All four aircraft are on long term operating leases with Ethiopian Airlines. This acquisition brings Aergo’s fleet to 30 aircraft.

Aergo Capital’s CEO Fred Browne said “This acquisition is in line with our strategy of acquiring younger aircraft on long term lease and trading out of older, classic aircraft. We are excited to have Ethiopian Airlines as a lessee as they continue their expansion.”

Eleanor Steed
By Eleanor Steed November 21, 2016 11:52