LONDON – Aircraft lessor Aergo Capital Limited (Aergo), has announced the delivery of two Boeing 737-8 MAX aircraft to Malindo Air (Batik Air, Malaysia division).
The deliveries
On 27 October, international aircraft lessor Aergo Capital Limited (“Aergo”), announced the delivery of two Boeing 737-8 MAX aircraft to lessee Batik Air Malaysia (Malindo Air).
The aircraft delivered are MSN 43010 and MSN 43014, and will join the fleet as the sixth and seventh aircraft, of a total eight to be delivered to the Lion Air Group.
Earlier, Aergo Capital secured a loan facility from PK AirFinance, which is an aviation lending affiliate of Apollo, to help assist in financing and aquisition of these two airframes.
Statements
Chief Executive Officer of PK AirFinance, Eelco van de Stadt, commented on the delivery, saying: “We are pleased to extend our cooperation with Aergo Capital and look forward to continue supporting the growth of their leasing platform in the years ahead.”
Also commenting is Chief Executive Officer of Aergo Capital, Fred Browne, who said:
“We are delighted to deliver the sixth and seventh of eight 737-8 aircraft to the Lion Air group. We look forward to completing the final delivery in the coming months and would like to thank all those involved in the transaction for successfully closing out these transactions.”
Deliveries earlier this month
The new deliveries add to those which took place at start of October – Batik Air Malaysia (Malindo Air), took delivery of MSN 43005 and MSN 43012, joining as the fourth and fifth aircraft in their fleet and to the Lion Air Group.
About Batik Air Malaysia
Batik Air or Batik Air Malaysia rather was known as Malindo Airline, under the part of an Indonesian giant group, Lion Air. Lion Air is the largest airline in Indonesia and has been expanding throughout ASEAN.
Batik Air Malaysia operates a fleet of 23 aircraft, 12 of which are ATR-72 which operates out of Subang Airport, a secondary and an executive airport in Kuala Lumpur, 3 737-800 and 8 737-8MAX, which operate out of KLIA, the main airport of Kuala Lumpur and occasionally out of Penang.
The airline flies domestically, and regionally to destinations in Indonesia, Thailand and Singapore. The furthest scheduled route the airline flies to is to Australia, with Perth, Adelaide, Brisbane and Melbourne currently scheduled on their flight plan respectively.
About Aergo Capital
As an international aircraft lessor, Aergo capital Limited (“Aergo”), was founded in 1999 and is an Irish lessor specializing in leasing and trading of commercial airliners.
For the past 20 years, Aergo has had successful operations, with the company now being a pioneer in leasing aircraft to airlines worldwide, totalling over $4.4 billion in aircraft owned or managed.
Overall
Since the Boeing 737-8 (MAX) aircraft got re-certified and cleared for operations, It’s great to see another airline in the Lion Air Group showing their trust in the re-certification, given the Lion Air crash in late 2018 with the same aircraft type.
All in all, the Boeing 737-8 aircraft is a great, more modern and more sustainable aircraft in the Boeing 737 range, and is a great choice for any 737 operator, wether they operate it besides older Boeing 737 NG aircraft, or in a pure Boeing 737 MAX fleet.
The Lion Air Group still has one 737-8 remaining to be delivered, however the time of delivery remains unconfirmed.
