27 October 2022 - Dublin, Ireland: Aergo Capital Limited (“Aergo”) has delivered two further B737-8 aircraft to Batik Air Malaysia (Malindo Air). The aircraft, bearing manufacturer serial numbers 43010 and 43014, are the sixth and seventh of eight aircraft to be delivered to the Lion Air Group. Aergo Capital secured a loan facility from PK AirFinance, an aviation lending affiliate of Apollo, to assist in the financing and acquisition of these two aircraft.

Fred Browne, Chief Executive Officer of Aergo, commented: “We are delighted to deliver the sixth and seventh of eight 737-8 aircraft to the Lion Air group. We look forward to completing the final delivery in the coming months and would like to thank all those involved in the transaction for successfully closing out these transactions.”

Eelco van de Stadt, President of PK AirFinance, said: “We are pleased to extend our cooperation with Aergo Capital and look forward to continue supporting the growth of their leasing platform in the years ahead.”

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

Clifford Chance acted as lender counsel.