18 November 2021 – Dublin, Ireland: Aergo Capital Limited (“Aergo”) has successfully delivered two (2) DHC-8-Q400 aircraft bearing manufacturers serial number 4185 and 4180 to 748 Air Services. The first delivery completed during October 2021 and the second on 12 November 2021. The 2007 and 2008 vintage aircraft are two of the 20 DHC-8-Q400 acquired by the Aergo group earlier in 2021.

Fred Browne, Chief Executive Officer of Aergo, commented: “We are delighted to add another customer to Aergo’s growing customer base with the delivery of these aircraft to 748 Air Services. It is exciting to be working with one of East Africa’s premier air charter services and we look forward to future cooperation with 748 Air Services. We continue to see growing appetite from the regional traffic sector which we believe will lead the recovery post COVID. This delivery confirms Aergo’s strategic focus on the investment in the regional and turboprop space.”

Ahmed Jibril, Chairman of 748 Air Services, commented:   “We are very excited to add two (2) DHC8 -Q400 to our diverse aircraft portfolio. The acquisition of these aircraft signifies our expansion as well as our commitment in the provision of exceptional air services to the domestic and regional sectors. We are thrilled that Aergo’s strategic focus in the regional and turboprop sector aligns with 748 Air Services long-term vision for Africa. We enjoyed working with Aergo Capital and look forward to future collaboration.”

Smith, Gambrell & Russell, LLP acted as lead counsel to Aergo and Miriam Kavanagh Professional Corporation acted as lead counsel to 748 Air Services.