Aergo finances two 737-900ERs for Lion Air

Aergo Capital has partnered with DVB Bank (London Branch) to finance two 2008 vintage Boeing 737-900ER aircraft, both subject to long term leases with Lion Air.

Fred Browne, Chief Executive Office of Aergo Capital, said: “We were delighted to work with DVB Bank on this transaction and look forward to exploring additional areas of cooperation with the Bank.”

“We are very pleased to extend our cooperation with Aergo Capital and to continue supporting the growth of their leasing platform,” added Eelco van de Stadt, Global Head of Aviation Finance for DVB Bank.

Smith Gambrell & Russell acted as borrower counsel, A&L Goodbody acted as Irish transaction counsel and Blakes, Mochtar Karuwin Komar acted as Indonesian counsel for Aergo Capital. Clifford Chance acted as lender counsel for DVB Bank. KPMG acted as tax and accounting adviser.

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