DUBLIN, IRELANDCanada’s newest ultra-affordable carrier Lynx Air signed a sale and leaseback agreement with Dublin-based Aircraft leasing company Aergo for the first of three Boeing 737 MAX 8 aircraft.

Lynx Air has taken delivery of its first Boeing 737-8 MAX 8 with registration C-GJSL. The aircraft made a low-pass upon the arrival at Calgary International Airport.

Each of the three aircraft will be financed with equity provided by CarVal Investment funds and debt arranged by AV AirFinance.

“We are extremely happy to work together with Lynx Air and AV AirFinance on this transaction. With the closing of the first aircraft, Aergo has added a new aircraft type with the Max, a new lessee with Lynx Air, and a new financier, with AV Airfinance. We found all parties to be proactive and highly professional in this transaction which resulted in a smooth closing process. We look forward to further developing our commercial relationship with Lynx Air and AV AirFinance,” Fred Browne, Chief Executive Officer of Aergo said.

“This is another exciting step as we work to fulfill our mission to make air travel more affordable for all, and for our passengers to experience our first five destinations. This is just the first of many Lynx aircraft to come into service, and we are looking forward to our partnership with Aergo Capital, CarVal Investors, and AV AirFinance on this transaction,” said Merren McArthur, CEO, Lynx Air.