Aergo Capital (Aergo) has secured a US$17.5 million loan facility from volofin to assist in the finance and acquisition of five De Havilland Dash 8-400 aircraft on lease to Porter Airlines.
Fred Browne, Chief Executive Officer of Aergo, commented: “We are delighted to have successfully completed the financing of the five-turboprop aircraft on lease to Porter Airlines. Aergo is very happy to complete this third financing transaction with volofin and we are looking forward to doing more business together in the future”.
Stewart Tanner, Senior Managing Director at volofin, said: “We are very pleased to have worked with Aergo and Porter with their respective legal teams, and to further grow our relationship with the team at Aergo”.
Smith, Gambrell & Russell, LLP acted as lead counsel to Aergo. Clyde & Co acted as lead counsel to volofin.