03 October 2022 - Dublin, Ireland: Aergo Capital Limited (“Aergo”) has delivered two further B737-8 (MAX) aircraft to Batik Air Malaysia. The aircraft, bearing manufacturer serial numbers 43005 and 43012, are the fourth and fifth of eight MAX aircraft to be delivered to the Lion Air Group. Aergo Capital secured a loan facility from AV AirFinance to assist in the finance and acquisition of these aircraft.

Fred Browne, Chief Executive Officer of Aergo, commented: “We are delighted to announce the successful delivery of two further Boeing 737-8 MAX aircraft to Batik Air Malaysia. We are looking forward to delivering the remaining three aircraft by the end of this year. A special thanks to everyone involved in the smooth and efficient way these deals are being completed”.

Neal McElvaney at AV AirFinance, said: “We are very pleased to have the opportunity to work with Aergo once again and to conclude these fourth and fifth Batik Air transactions. We look forward to closing out one further delivery to conclude this transaction and to continuing to build our relationship with Aergo.”

Smith, Gambrell & Russell, LLP acted as lead counsel to Aergo.