LONDON – Aergo Capital has announced that they have leased one Airbus A320 to Jetstar Japan.
The CEO of Aergo Capital, Fred Browne, commented: “We are delighted to have successfully completed the acquisition of one A320-232 on lease to Jetstar Japan.”
“We are excited to add Jetstar Japan to the list of lessees in our growing portfolio and are looking forward to building our relationship together in the future.”
This lease is a big deal for both Jetstar and for Aergo. While Jetstar Japan is partially owned by Qantas and Japan Airlines, it is also partially owned by Century Tokyo Leasing Corporation. They have been providing the majority of aircraft for Jetstar Japan.
Aergo Capital has become a new lessor for Jetstar Japan in recent times, which may be a good thing for Jetstar, as it makes the airline less dependable on one lessor. This contract is also a great addition to Aergo because they are increasing their list of lessees.
Jetstar Japan is a Japanese-based airline which, although is part of the Jetstar Group, is partially owned by Qantas, Japan Airlines, Century Tokyo Leasing Corporation, and Mitsubishi Corporation.
They have ensured that the airline was able to operate in Japan and abroad, while also providing the fleet required to operate. This trend is now slowly breaking, as Aergo has begun providing Jetstar with planes, of which the first has already been delivered.
The plane had to be acquired from another Dublin-based leasing company, AV Airfinance. According to Airfinance Journal, the A320 that has been acquired has previously operated for Australia’s Jetstar Airways.
The current fleet of Jetstar Japan, according to planespotters.net, consists of 19 A320 and 2 A321neos, one of which is on order and will be arriving soon.
Aergo Capital is, like many major leasing companies, based in Dublin. They were founded in 1999 and have currently grown to be one of the largest leasing corporations in the world, with over 40 customers and more than 400 aircraft in its portfolio.
They have customers all around the world, on each of the 5 continents, such as America with operators like Air Transat in Canada or Passaredo in Brazil, Europe such as EasyJet or British Airways in the UK, and many more.
Now they also have Jetstar Japan in their portfolio, which is expected to grow further in the coming years as they add more planes to their fleet, like the A321LR.
These aircraft could be supported by Aergo Capital, which can use its expertise, combined with CTLC to create one of the biggest joint fleets in Japan.