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[[File:Aergo Logo.png|thumb|Aergo logo]]
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'''Aergo Capital Limited''' is an Irish [[Aircraft lease|aircraft leasing]] and trading company which was founded in 1999.<ref>{{cite news|url =https://www.irishtimes.com/business/transport-and-tourism/irish-aircraft-lessor-aergo-capital-targets-2bn-fleet-by-year-end-1.4578188 | newspaper = Irish Times | title = Irish aircraft lessor Aergo Capital targets $2bn fleet by year end | first = Barry | last = O'Halloran | date = 29 May 2021 | accessdate = 24 June 2024 }}</ref> Originally formed by [[Denis O'Brien]] and Fred Browne,<ref>{{cite news|url = https://www.irishtimes.com/business/transport-and-tourism/investment-firm-takes-stake-in-denis-o-brien-s-aergo-1.1949300 | newspaper = Irish Times | title = Investment firm takes stake in Denis O'Brien's Aergo | first = Charlie | last = Taylor | date = 2 October 2014 | accessdate = 24 June 2024 }}</ref> in October 2014 Aergo Capital partnered with CarVal Investors and is now under the ownership of funds managed by Carval Investors.<ref>{{cite news|author=Joe Brennan |url=https://www.bloomberg.com/news/articles/2014-10-02/denis-o-brien-sells-aircraft-leesing-company-to-carval |title=Denis O'Brien Sells Aircraft Leesing Company to CarVal |work=Bloomberg |date=2 October 2014 |access-date=22 October 2016}}</ref><ref>{{cite news| url = https://www.irishexaminer.com/business/arid-20289768.html | newspaper = Irish Examiner | title = O'Brien sells off Aergo stake | first = Geoff | last = Percival | date = 3 October 2014 | accessdate =24 June 2024 }}</ref>
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[[File:Aergo Logo.png|thumb|Dynamic, Innovative, Decisive. ]]
'''Aergo Capital Limited''' was founded in 1999 as an [[Aircraft lease|aircraft leasing]] and trading company. In October 2014, Aergo Capital partnered with CarVal Investors and is now under the ownership of funds managed by Carval Investors.<ref>{{cite news|author=Joe Brennan |url=https://www.bloomberg.com/news/articles/2014-10-02/denis-o-brien-sells-aircraft-leesing-company-to-carval |title=Denis O'Brien Sells Aircraft Leesing Company to CarVal |work=Bloomberg |date=2 October 2014 |access-date=22 October 2016}}</ref>


Since inception, Aergo has traded over 250 aircraft with over 50 airlines.<ref>{{cite news|author=John Mulligan |url=http://www.independent.ie/business/irish/obrien-sells-stake-in-aircraft-leasing-firm-aergo-30633534.html |title=O'Brien sells stake in aircraft leasing firm Aergo |website=Independent.ie |date=3 October 2014 |access-date=22 October 2016}}<br>- {{cite news|author1=Colm Kelpie |author2=Donal O'Donovan |url=http://www.independent.ie/business/irish/irish-aircraft-leasing-firm-aercap-seals-1bn-deal-with-guggenheim-28943871.html |title=Irish aircraft leasing firm AerCap seals $1bn deal with Guggenheim |website=Independent.ie |date=6 December 2012 |access-date=22 October 2016}}</ref>
By late 2014, Aergo had reportedly "traded more than 150 aircraft" with more than 50 airlines.<ref>{{cite news|author=John Mulligan |url=http://www.independent.ie/business/irish/obrien-sells-stake-in-aircraft-leasing-firm-aergo-30633534.html |title=O'Brien sells stake in aircraft leasing firm Aergo |website=Independent.ie |date=3 October 2014 |access-date=22 October 2016}}</ref> As of 2017, these airlines included Ethiopian Airlines, South African Airways, Jet Airways in India and Lion Air in Indonesia.<ref>{{cite news | url = https://www.irishtimes.com/business/retail-and-services/aergo-capital-refinancing-deal-may-power-1bn-in-plane-purchases-1.3297717 | newspaper = Irish Times | title = Aergo Capital refinancing deal may power €1bn in plane purchases | first = Barry | last = O'Halloran | date = 20 November 2017 | accessdate = 24 June 2024 }}</ref> As of November 2016, Aergo had a fleet of 30 aircraft.<ref>{{cite news |url = https://www.irishtimes.com/business/transport-and-tourism/aergo-capital-expands-its-fleet-with-four-bombardier-planes-1.2876621 | title = Aergo Capital expands its fleet with four Bombardier planes | first = Barry | last = O'Halloran | date = 21 November 2016 | accessdate = 24 June 2024 }}</ref> These included [[Boeing 737]]s, [[Airbus A320 family|Airbus A320s]], [[Airbus A330]]s and [[ATR 72|ATR]] aircraft.{{fact}} In November 2022, an article in the ''[[The Irish Independent]]'' suggested that the company had acquired Seraph Aviation, bringing its fleet "to more than 300 aircraft".<ref name="indo2022">{{cite news | url = https://www.independent.ie/business/irish/dublin-lessor-aergo-capital-in-deal-to-acquire-seraph-aviation/42175692.html | newspaper = Irish Independent | title = Dublin lessor Aergo Capital in deal to acquire Seraph Aviation | first = Fearghal | last = O'Connor | date = 27 November 2022 | accessdate = 24 June 2024 }}</ref>


The company, which is headquartered in [[Dublin]],<ref name="indo2022"/> was reportedly involved in a legal action with [[Air Italy (2005–2018)|Air Italy]] in late 2008.<ref>{{cite web|url = https://www.businesspost.ie/legacy/obriens-aergo-launches-legal-action/ | website = businesspost.ie | title = O'Brien's Aergo launches legal action | first = Ian | last = Kehoe | date = 2 November 2008 | accessdate = 24 June 2024 }}</ref><ref>{{cite web|url = https://www.irishexaminer.com/business/arid-20076471.html| work = Irish Examiner | title = Leasing firm begins action over aircraft purchase agreement | first = | last = | date = 4 November 2008 | accessdate = 24 June 2024 }}</ref>
Headquartered in [[Dublin]], the leasing company has representatives in London, Miami, Kenya, Singapore and Jakarta.

Aergo has a fleet of over 30 aircraft, including [[Boeing 737]]s, [[Airbus A320 family|Airbus A320s]], [[Airbus A330]]s and [[ATR 72|ATR]] aircraft.


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==References==
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Revision as of 11:47, 24 June 2024

Aergo logo

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 more than 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] These included Boeing 737s, Airbus A320s, Airbus A330s and ATR aircraft.[citation needed] In November 2022, an article in the The Irish Independent suggested that the company had acquired Seraph Aviation, bringing its fleet "to more than 300 aircraft".[8]

The company, which is headquartered in Dublin,[8] was reportedly involved in a legal action with Air Italy in late 2008.[9][10]

References

  1. ^ O'Halloran, Barry (29 May 2021). "Irish aircraft lessor Aergo Capital targets $2bn fleet by year end". Irish Times. Retrieved 24 June 2024.
  2. ^ Taylor, Charlie (2 October 2014). "Investment firm takes stake in Denis O'Brien's Aergo". Irish Times. Retrieved 24 June 2024.
  3. ^ Joe Brennan (2 October 2014). "Denis O'Brien Sells Aircraft Leesing Company to CarVal". Bloomberg. Retrieved 22 October 2016.
  4. ^ Percival, Geoff (3 October 2014). "O'Brien sells off Aergo stake". Irish Examiner. Retrieved 24 June 2024.
  5. ^ John Mulligan (3 October 2014). "O'Brien sells stake in aircraft leasing firm Aergo". Independent.ie. Retrieved 22 October 2016.
  6. ^ O'Halloran, Barry (20 November 2017). "Aergo Capital refinancing deal may power €1bn in plane purchases". Irish Times. Retrieved 24 June 2024.
  7. ^ O'Halloran, Barry (21 November 2016). "Aergo Capital expands its fleet with four Bombardier planes". Retrieved 24 June 2024.
  8. ^ a b O'Connor, Fearghal (27 November 2022). "Dublin lessor Aergo Capital in deal to acquire Seraph Aviation". Irish Independent. Retrieved 24 June 2024.
  9. ^ Kehoe, Ian (2 November 2008). "O'Brien's Aergo launches legal action". businesspost.ie. Retrieved 24 June 2024.
  10. ^ "Leasing firm begins action over aircraft purchase agreement". Irish Examiner. 4 November 2008. Retrieved 24 June 2024.
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