Aergen gets 4 mid-life narrowbody aircraft

Aergen Aviation Finance Limited said it has acquired four mid-life, narrowbody passenger aircraft on lease to various airlines: Virgin America, Monarch Airlines, TAME, and South African Airways.

Aergen is an aircraft leasing company led by Genise, a long-time industry executive, and a management team that has worked together for more than 25 years. The company raised an initial USD200 million of committed equity capital from a group of financial and strategic investors led by Greenbriar Equity Group LLC.

Avioserv, an established late-life aircraft engine parts management company and a wholly owned subsidiary of Aergen, has also been active in the acquisition market, recently acquiring two V2533-A5 engines currently on lease with Onur Air.