| Type | Private company |
|---|---|
| Industry | Aviation |
| Founded | 1999 |
| Founder(s) | Denis O'Brien |
| Headquarters | Dublin, Ireland |
| Owner(s) | Denis O'Brien |
| Website | www.aergogroup.com |
Aergo Capital Limited is an aircraft operating, maintenance and leasing company based in Dublin, Ireland.[1] The company was founded in 1999 by Denis O'Brien. In addition the the Dublin head office, the company has offices in Chicago, Johannesburg, Nairobi and Santiago.[2]
Aergo is ranked among the 20 largest aircraft-leasing firms in the world. Its fleet consists of more than 40 aircraft leased to more than 14 clients.[3] Aircraft types in the fleet include Boeing 737s, McDonnel Douglas MD-83s and Avro RJ85s.[4]
Aergo acquired the South African aircraft leasing and operating company Safair in December 2008 then sold it to ASL Aviation in November 2010[5] and subsequently opened an office in Johannesburg.[6] The company nevertheless reported a 69% drop in pre-tax profits in 2010 in spite of selling Safair for $20 million more than what they paid for it. They ascribed the drop to foreign exchange losses due to much of their debt being in South African Rand.[7]