Ashland Place Finance LLC, a commercial aviation financing enterprise, has recently announced the successful completion of a new facility involving two A320s for Aergo Capital Limited for JetSmart Airlines SpA.
Lease to JetSmart Airlines
These aircraft are now leased to the Chilean carrier JetSmart Airlines, further expanding their all Airbus A320 fleet.
This strategic partnership marks a further step for both the lessors and the airline. Jennifer Villa, the Executive Director and Group Head of Ashland Place, expressed her excitement about the continued partnership with Aergo.
She stated, “We are thrilled to continue our partnership with Aergo and work together on another successful transaction.”
“Ashland Place is dedicated to providing innovative capital solutions to the global commercial aerospace industry, and this collaboration with Aergo exemplifies our commitment to supporting their growth.”
Fred Browne, the Chief Executive Officer of Aergo, echoed the sentiment of enthusiasm, saying, “We are delighted to partner with Ashland Place again and look forward to furthering our relationship with them.”
“This transaction represents another step forward in our shared vision of driving progress within the aviation sector. We extend our gratitude to everyone involved in making this partnership a success.”
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The legal counsel for Ashland Place was provided by Allen & Overy LLP, while Smith, Gambrell & Russell LLP represented Aergo during the transaction.
Their expertise and guidance played a crucial role in ensuring a seamless collaboration between the two companies.
Ashland Place Finance LLC
Ashland Place Finance LLC is a distinguished institutional financing platform that offers innovative capital solutions to the global commercial aerospace industry.
As a wholly-owned subsidiary of Davidson Kempner Capital Management LP, Ashland Place is committed to providing flexible financing options to support the growth and development of its partners.
With its extensive industry knowledge and strong network, Ashland Place strives to deliver tailored financing solutions that meet the unique needs of its clients.
Aergo Capital Limited
Founded in 1999, Aergo Capital Limited has established itself as a leading aircraft leasing and trading company. With over 24 years of experience, Aergo has become a global platform with a portfolio of over $5.87 billion worth of owned or managed aircraft.
Throughout its history, Aergo has successfully traded more than 500 aircraft with over 120 airlines in more than 65 countries. Their dedication to providing flexible and efficient aircraft leasing solutions has earned them a keen reputation within the industry.
About JetSmart Airlines
JetSmart Airlines is a Chilean ultra-low-cost carrier (ULCC) founded in 2016 by Indigo Partners. The airline operates a fleet of Airbus A320neo aircraft and offers flights to destinations in Chile, Argentina, Peru, Colombia, Brazil, and the United States.
In 2022, the carrier was named the “Best Low-Cost Airline in South America” by Skytrax. The airline has also been recognized by other travel publications, such as Forbes and Travel + Leisure.
JetSmart is a growing airline with plans to expand its fleet and network in the coming years. The airline is also looking to enter new markets, such as Mexico and Ecuador.
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