3 November 2016: Dublin, Ireland – Aergo Capital has announced the sale of two (2) aircraft as the company continues to reduce the average age of its fleet.

Aergo sold one (1) 2001 Vintage A320-200, bearing Manufacturers Serial Number 1626, to Blackrock Investment Management, LLC – Aviation Group. The aircraft is subject to an operating lease with Avion Express, who will continue to operate the aircraft. Blake Morgan acted as lead transaction counsel for Aergo Capital and KPMG acted as tax and accounting adviser. Clifford Chance acted as legal counsel for Blackrock Investment Management.

Aergo sold one (1) 1997 Vintage B737-400, bearing Manufacturers Serial Number 27673, to VX Capital Partners, LLC. The aircraft is subject to an operating lease with NewGen Airways, who will continue to operate the aircraft.

Eric Adema, Principal of VX Capital Partners, remarked, “VX Capital is delighted to close this transaction with Aergo Capital, and to now have NewGen Airlines as a leasing customer. Following the ultimate return of this 737-400 from lease in Thailand, we anticipate that the aircraft will be a good candidate for our VXF freighter conversion program.”

Blake Morgan acted as lead transaction counsel for Aergo Capital and KPMG acted as tax and accounting adviser. Clifford Chance acted as legal counsel for VX Capital Partners, LLC.

Fred Browne, Chief Executive Office of Aergo Capital, commented, “We are delighted work with both Blackrock Investment Management and VX Capital Partners on these transactions as Aergo continues to transition out of older, classic aircraft and focuses on newer technology aircraft.”