Aergo Buys Two Malindo Air ATR72-600s From TP

Irish lessor Aergo Capital has bought two ATR 72-600 aircraft operated by Lion Air subsidiary Malindo Air from Transportation Partners (TP).

Irish lessor Aergo Capital has bought two ATR 72-600 aircraft operated by Lion Air subsidiary Malindo Air from Transportation Partners (TP).

Under the terms of the deal, which was completed through financing by Germany’s DVB Bank, the Malaysian carrier will continue to run the aircraft from its base at Subang Airport.

The airline, which has confirmed plans to expand in 2016, currently operates a fleet of 27 aircraft comprised of 16 737s and 11 ATR 72-600s.

Fred Browne, CEO of Aergo, said that following the first transaction between the parties, the firm will look to further build on its relationship with the Lion Air Group.

 

TAGS: Europe
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