International aircraft leasing company sets up regional office in Hong Kong (with photo)
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Aergo, one of the industry leaders worldwide, offers a wide range of services to its airline clients, including aircraft leasing, aircraft financing, sale and leaseback financing and aircraft trading. The Hong Kong office will be headed by Aergo's Vice Chairman and Managing Director of Aergo Capital Asia Limited, Mr Dewey Yee, a veteran with over 30 years' experience in the aircraft leasing industry.
Aergo's Chief Executive Officer, Mr Fred Browne, said that Asia offers bright prospects in aircraft leasing business and Hong Kong has an unrivalled location to become a leading aircraft leasing hub. He said, "As a global operating lessor with significant investment in the Asian market, Aergo Capital is delighted to further enhance our presence in this ever-growing region. With the opening of our Hong Kong office, we can continue to serve the needs of our existing and future customers in the Asian market." He added that Hong Kong's new tax incentives for aircraft leasing activities make the city one of the best places to capture the business opportunities in the region.
Associate Director-General of Investment Promotion Mr Charles Ng said, "The opening of Aergo Capital's regional office in Hong Kong is a strong vote of confidence in our city's growing status as an international aircraft leasing and aviation financing hub. We hope to see more international aircraft lessors to set up presence in the city, which will add diversity to the industry as well as choices for customers. A booming aircraft leasing industry will also create job opportunities for related financial and aviation sectors."
About Aergo Capital
Founded in 1999, Aergo is a fast-growing international aircraft leasing platform with established locations in Dublin, New York, Dubai, Nairobi and Jakarta. Aergo Capital’s current fleet comprises of a mix of wide-body, narrow-body and turboprop aircraft with an average age of 5.5 years. As at December 2017, Aergo Capital’s owned and managed portfolio comprised 42 aircraft, diversified across a portfolio of 19 lessees and 14 countries. The extensive knowledge and expertise of the Aergo team has allowed the company to acquire a portfolio of about US$1 billion. Led by a seasoned management team, Aergo has successfully traded over 250 aircraft with over 50 airlines across all seven continents. Aergo Capital received the 2017 Aircraft Lessor Debt Deal of the Year - Europe award from Global Transport Finance following the successful launch of its inaugural asset-backed securities transaction, METAL 2017-1, which closed during November 2017. For more information, please visit aergocapital.com.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government established in 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies enrolled as its clients. For more information, please visit www.investhk.gov.hk.
For event photos, please visit www.flickr.com/photos/investhk/albums/72157664926914548.
Ends/Tuesday, January 23, 2018
Issued at HKT 11:00
Issued at HKT 11:00
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