8th December 2024 – Dublin, Ireland: Aergo Capital (“Aergo”) has completed the sale of three (3) DHC-8-400 aircraft, bearing the MSNs 4323, 4332 (on lease to Luxwing) and 4380 (on lease to SATA) to Avmax Aircraft Leasing Inc.  

Fred Browne, Chief Executive Officer at Aergo commented: “We are delighted to have completed the sale of these three DHC-8-400s to Avmax. We would like to extend our thanks to the Avmax team for their ongoing professionalism throughout the transaction and look forward to working with them again on future opportunities.”  

Steve Hankirk, CEO of Avmax, stated: “This acquisition underscores Avmax’s commitment to expanding our fleet with high-quality, reliable aircraft that meet the diverse needs of our customers. We value the strong partnership we’ve developed with Aergo and look forward to future collaborations as we continue to grow our leasing portfolio.” 

Giuseppe Sapia, Chief Executive Officer at Luxwing commented: “We are excited to continue operating these reliable DHC-8-400 aircraft and would like to express our appreciation for Aergo’s professionalism throughout the leasing process and for the opportunity to collaborate with Avmax as our new lessor. We look forward to the future with optimism and are confident that this transition will further strengthen our commitment to delivering quality services to our clients.” 

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

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