20 June 2017: Dublin, Ireland - Aergo Capital has announced that it has acquired two (2) ATR72-500 aircraft (MSN 715 & 833) from TAT Leasing and placed both on lease with Afrijet Business Services in Gabon, Africa. The aircraft were purchased as part of a portfolio from TAT.

Aergo Capital’s Chief Executive Officer, Fred Browne said, “We were very pleased to work with TAT Leasing on this transaction and to continue our long-standing relationship with the company. We are delighted to acquire these aircraft from TAT and place on lease with Afrijet, an existing lessee client, as we continue to support the expansion of the airline.”

Tom Murray of TAT Leasing, remarked, “It has been a pleasure to work with the experienced team from Aergo Capital on this transaction.”

Marc Gaffajoli, Chief Executive Officer of Afrijet Business Service, remarked, “We appreciate the great support from Aergo and we are excited by the new expansion possibilities offered by the ATR72-500, including a new Business Service and additional capacity for the sub-region of Central Africa.”

Smith, Gambrell & Russell (English counsel), A & L Goodbody (Irish counsel), Marx Van Ranst Vermeersch & Partners (Belgian counsel), Meranda & Associates (Gabonese counsel) and KPMG (tax consultant) acted for Aergo Capital.