Aergo Capital

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Aergo Capital Limited

Type

Private company

Industry

Aviation

Founded

1999

Founders

Denis O'Brien

Headquarters

Dublin, Ireland

Owners

Denis O'Brien

Website

www.aergogroup.com

Aergo Capital Limited is an aircraft operating, maintenance and leasing company

based in Dublin, Ireland.[1] The company was founded in 1999 by Denis O'Brien and
Fred Browne. In addition to the Dublin head office, the company has offices
in Chicago,Johannesburg, Nairobi and Santiago.[2]
Aergo is ranked among the 20 largest aircraft-leasing firms in the world. Its fleet
consists of more than 40 aircraft leased to more than 14 clients.[3] Aircraft types in
the fleet include Boeing 737s, McDonnel Douglas MD-83s and Avro RJ85s.[4]

Safair[edit]
Aergo acquired the South African aircraft leasing and operating company Safair in
December 2008 then sold it to ASL Aviation in November 2010[5] and subsequently
opened an office in Johannesburg.[6] The company nevertheless reported a 69%
drop in pre-tax profits in 2010 in spite of selling Safair for $20 million more than what
they paid for it. They ascribed the drop to foreign exchange losses due to much of
their debt being in South African Rand.[7]

References[edit]

1. Jump up^ "Stock snapshot: Aergo Capital Limited".

Bloomberg Businessweek. Retrieved 25 March 2011.
2. Jump up^ "About us". Aergo Group. Retrieved 25 March
2011.
3. Jump up^ "Aergo opens in Joburg to grow African leasing
operations". BusinessDay. Retrieved 9 April 2011.
4. Jump up^ "Aergo - Fleet". Aergo Group. Retrieved 9 April
2011.
5. Jump up^ Hancock, Ciarn (November 20,
2010). "O'Brien's Aergo concludes sale of Safair". The
Irish Times. Retrieved 25 March 2011.
6. Jump up^ "Aircraft Lessor Aergo Opens Office in
Johannesburg, South Africa". World Leasing News.
February 11, 2011. Retrieved 25 March 2011.
7. Jump up^ Deegan, Gordon (December 2, 2010). "Drop in
pre-tax profits at Aergo". The Irish Times. Retrieved 25
March 2011.

External links[edit]

Official website

This aeronautical companyrelated article is a stub. You can help Wikipedia by expanding
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Categories:
Companies established in 1999
Companies of Ireland
Aeronautical company stubs

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This page was last modified on 6 October 2014 at 17:32.

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