Aergen acquires four mid-life narrowbody aircraft

Aergen Aviation Finance has acquired four mid-life, narrowbody passenger aircraft on lease to various airlines: Virgin America, Monarch Airlines, TAME, and South African Airways. Aergen is an aircraft leasing company led by Genise, a long-time industry executive, and a management team that has worked together for more than 25 years. The company raised an initial US$200m of committed equity capital from a group of financial and strategic investors led by Greenbriar Equity Group. Avioserv, an established late-life aircraft engine parts management company and a wholly-owned subsidiary of Aergen, has also been active in the acquisition market, recently acquiring two V2533-A5 engines currently on lease with Onur Air.