GOAL Aircraft Leasing expands partnership with Porter Airlines through Sale and Leaseback of four Embraer E195-E2 aircraft

Grunwald, Germany - July 15, 2025 - GOAL Aircraft Leasing is pleased to announce the successful completion of a sale and leaseback transaction involving four Embraer E195-E2 aircraft with Porter Airlines. The aircraft are scheduled for delivery throughout 2025 and will support Porter’s continued network expansion across North America.

This transaction was executed in partnership with funds managed by affiliates of Fortress Investment Group (“Fortress”). Ashland Place Finance is providing debt financing to both GOAL Aircraft Leasing and Fortress for this deal. GOAL Aircraft Leasing and Fortress have also entered a Servicing Agreement for the aircraft.

“We are pleased to further expand our partnership with Porter Airlines through this additional transaction,” said Christian Schloemann, our Managing Director speaking of this milestone. “This continued collaboration underscores the trust Porter places in our team and our tailored leasing solutions. We also welcome Fortress Investment Group and Ashland Place Finance as new partners in this effort. Their involvement reinforces the strength and flexibility of the structure, supporting Porter’s ambitious growth strategy with the advanced Embraer E195-E2 across North America.”

Porter Airlines is the world’s largest E195-E2 operator and continues to expand its network across North America with its growing fleet. Forty-six E195-E2s have been delivered to Porter from a total of 75 confirmed orders, with an additional 25 remaining purchase options. The E195-E2’s efficient performance and cabin configuration play a central role in Porter’s distinct all-economy product offering.

Julian Low, Vice President, Corporate Development at Porter Airlines, added: “The E195-E2 plays a central role in our ability to deliver a leading customer experience for economy passengers. The aircraft has proven to be incredibly efficient, outperforming key operational and financial targets since entering our fleet in 2023. We value our continuing relationship with GOAL Aircraft Leasing, and welcome Fortress and Ashland Place as new partners.”

“Fortress is pleased to work with Porter Airlines, GOAL Aircraft Leasing and Ashland Place Finance on this sale-leaseback transaction,” said Matthew Mortara, Managing Director at Fortress. “Porter’s brand, elevated all-economy service and ongoing network growth - especially to underserved markets - are helping the company secure an increased share of airline travel across Canada and the broader North America region. We’re delighted to support the company’s acceleration of that growth in a capital-efficient way through this transaction.”

"We are excited to welcome Fortress and GOAL Aircraft Leasing as new partners,” said Jennifer Villa, Ashland Place's Executive Director and Group Head. "This transaction reflects our commitment to building long-term partnerships with leading aviation investors and we look forward to working together on future opportunities. From award to funding, we closed in record time, a testament to both teams.”

About Fortress Investment Group

Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $51 billion of assets under management as of March 31, 2025, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts. For more information, please visit www.fortress.com.

About Porter

Since 2006, Porter Airlines has been elevating the experience of economy air travel for every passenger, providing genuine hospitality with style, care and charm. Porter’s fleet of Embraer E195-E2 and De Havilland Dash 8-400 aircraft serves a North American network from Eastern Canada. Headquartered in Toronto, Porter is an Official 4 Star Airline® in the World Airline Star Rating®. Visit www.flyporter.com or follow @porterairlines on Instagram, Facebook and Twitter.

About Ashland Place Finance LLC

Ashland Place Finance LLC is an institutional financing platform offering innovative capital solutions to the global commercial aerospace industry. Ashland Place is a wholly-owned subsidiary of Davidson Kempner Capital Management LP. Additional information can be found at: www.ashlandplace.com.

About GOAL Aircraft Leasing

GOAL (German Operating Aircraft Leasing), a joint venture between KGAL and Deutsche Lufthansa AG, is Germany’s leading aircraft asset manager and ranked among the Top 15 globally by ISHKA. Founded in 1998, GOAL combines decades of industry expertise with over USD 4.5 billion in transactions, providing customized leasing solutions to airlines and risk-managed investment services to institutional investors worldwide. GOAL manages a portfolio of more than 60 modern aircraft valued at around USD 2.8 billion and has a strong track record in structuring complex deals across sale & leasebacks, PDP financing, remarketing, and long-term asset management. Leveraging Lufthansa’s operational expertise and KGAL’s financial strength, GOAL applies a disciplined investment approach across market cycles. More at www.goal-leasing.com