07 February 2022 – Dublin, Ireland: Aergo Capital Limited (“Aergo”) has successfully delivered one (1) DHC-8-Q400 aircraft bearing manufacturers serial number 4187 to AvantiAir. The delivery completed on 26 January 2022. This unit is part of the 20 DHC-8-Q400 acquired Aergo in 2021.

Fred Browne, Chief Executive Officer of Aergo, commented: “We are delighted to add AvantiAir to Aergo’s growing customer base. We continue to seize upon opportunities in the turbo space as we see strong growth in that sector. This transaction underscores Aergo’s strategic focus on investing in the regional and turboprop space.”

Stefan Kissinger, Managing Partner of Avantiair: “After successfully disposing our jet-fleet during the pandemic, Avantiair is changing its fleet and moving towards turboprops, which shows our commitment to innovative markets and to making a first strategic step to the “fit for 55” program in Europe. We aim to further strengthen our relationship with Aergo as Avantiair plans to grow its fleet in continuous steps.”

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