Aergo Capital delivers two new A330-300s to South African Airways

Eleanor Steed
By Eleanor Steed January 23, 2018 15:01

Aergo Capital delivers two new A330-300s to South African Airways

Aergo Capital has acquired two A330-300 aircraft (MSN 1779 & MSN 1792) from Airbus Financial Services. Both aircraft are on long term operating leases with South African Airways and take Aergo Capital’s current portfolio to 42 aircraft.

Commenting on today’s transaction, Fred Browne, CEO, Aergo Capital said, “We are delighted to have concluded our first A330 transaction with South African Airways and look forward to developing our relationship with this long-established flag carrier. Given our global presence and history in the African market, we are excited to support the growth and success of South African Airways”.

In addition, Nigel Taylor, SVP, Airbus Group said, “We are very pleased with this A330 South African Airways lease transaction which was executed in partnership with Aergo Capital. We have closed a number of transactions with Aergo Capital over the past 3 years and their ability to work and execute with us has proved to be excellent. This is a great business cooperation and partnership and shows the continued appeal of the A330 for investors”.

Smith, Gambrell & Russell (English counsel), A & L Goodbody (Irish counsel), Webber Wentzel (South African Counsel) and KPMG (tax consultant) acted for Aergo Capital.

Eleanor Steed
By Eleanor Steed January 23, 2018 15:01