Aergo Announces Senior Management Transition

29 January 2018: Dublin, Ireland - Aergo Capital Limited (Aergo") announced today that its Chief Commercial Officer, Gerry Power, will depart Aergo on 28 February 2018. Gerry was seconded to Aergo to undertake the role of Chief Commercial Officer and he will now return to Power Aviation Support after successfully completing his contract.

Commenting on Gerry’s role at Aergo, CEO Fred Browne, said, "Gerry has played a key role in transitioning Aergo to an airline centric operating lessor with a fleet value of circa US$1b. In his two years at Aergo, he has worked side-by-side with me to develop a very strong and experienced global commercial team. Gerry was instrumental in establishing Aergo’s ‘Trading Floor Platform’ which primarily supports the commercial team. Gerry was also hugely important in upgrading Aergo’s management systems and processes. We are very grateful for Gerry’s significant contribution in transforming the company in the past two years and for the role he played in our recent successful securitisation transaction. The company wishes Gerry continued success at Power Aviation."

Commenting on his tenure at Aergo, Gerry, said, “It was a great honour to have been selected by Aergo to help transition the company after its acquisition by CarVal Investors. I have thoroughly enjoyed my two years working with Fred, developing the Aergo brand, establishing a global commercial presence and cultivating great young talent. Aergo is an exceptional company with the business acumen and financial resources to close deals quickly anywhere in the world. I loved the speed at which things were accomplished and I am proud to have played an important part in Aergo’s transformation. I believe the company will continue to grow and prosper under Fred’s leadership and I wish the Aergo team every success for the future."