Aircraft leasing and trading company Aergo Capital (Aergo) has announced a historic milestone for the company, reaching a portfolio of fifty modern commercial jet and turboprop aircraft, as of December 31, 2018 and valued at US$1.3 billion. This achievement fittingly marks the company’s twentieth year of operation, having been established in 1999 by Fred Browne, Aergo’s Chief Executive Officer.
Commenting on the announcement, Browne noted: “Over the last two decades Aergo Capital has grown from a boutique trading entity into a full-service operating lessor with an established servicing platform. Last year was an extremely successful year for the company having closed transactions on eleven aircraft, established our new Hong Kong platform, and completed the securitization of approximately 52% of the Aergo Capital portfolio through our debut ABS structure, METAL 2017-1”.
Looking ahead to 2019, the company will continue to actively grow both its platform and global reach and in doing so, announced that Antony Snelleman will join the company as Co-Chief Commercial Officer & Global Head of Risk.
Snelleman joins Aergo from his position as Global Head of Sales with Milestone Aviation Group, GECAS’ helicopter leasing business. Prior to Milestone, he served as Senior Vice President and Region Manager Asia for GECAS where he was responsible for a portfolio of some 200-aircraft worth approximately US$8 billion.
