Dublin based Aergo Capital and PEMCO World Air Services have announced the first two aircraft of a 20-aircraft conversion deal between the company and AERGO Cargo Solutions (AERGO) have been inducted – the first aircraft at PEMCO’s Tampa facility and the second at HAECO Group’s STAECO Jinan, China facility.

The Boeing 737-400 11-position high yield freighters capable of accommodating a wide variety of containers or pallets (88×125, 108×125, 96×125, military pallet, demi, LD3, AEH, and engine hauling up to 11,000 lbs), plus a smaller hazmat-capable container. Importantly, this configuration is the world’s only 737-400F engineered to comply with forthcoming fire hazard related hazmat regulations which are required to transport these high value, time sensitive goods to market.

Aergo CEO Fred Browne said “We are very pleased that the conversion of the first two aircraft is well underway and we have an additional three aircraft lined up for completion by Q2 2013. Our goal is to keep expanding into new markets and provide the best single-source solution for state-of-the-art, fully converted cargo aircraft for markets around the world utilizing PEMCO’s market leading, Boeing-data based B737 products and AERGO’s capital structure, aircraft sourcing, financial aptitude and technical management expertise. We are confident that we will convert half or more of the first 20-aircraft order within the next 12 months.”

PEMCO President Kevin Casey said “The induction of these aircraft is emblematic of the unprecedented single-customer commitment PEMCO and AERGO outlined in Miami in October 2012. This is the beginning of a new era for our company, not only with our partners at AERGO, but on many other nose-to-tail conversion projects under contract for Tampa and at partner HAECO Group facilities (STAECO & TAECO).”


Irish Aviation Research Institute © 25th February 2013 All Rights Reserved.