Aergo Capital Limited (Aergo) has completed a sale-and-leaseback of the first of three B737-8 aircraft with Lynx Air (Lynx), Canada’s newest ultra-affordable carrier. Each of the three aircraft will be financed with equity provided by CarVal Investment funds and debt arranged by AV AirFinance.
Fred Browne, Chief Executive Officer of Aergo, commented: “We are extremely happy to work together with Lynx Air and AV AirFinance on this transaction. With the closing of the first aircraft, Aergo has added a new aircraft type with the Max, a new lessee with Lynx Air, and a new financier, with AV Airfinance. We found all parties to be proactive and highly professional in this transaction which resulted in a smooth closing process. We look forward to further developing our commercial relationship with Lynx Air and AV AirFinance.”
