GOAL delivers an Airbus A320neo on lease to Frontier Airlines, Inc. The aircraft is the 100th aircraft built at the Final Assembly Line in Mobile, Alabama, USA.
Frontier Airlines, Inc. based in Denver, Colorado has taken delivery of a new Airbus A320neo (msn 8580) in a Sale and Lease Back transaction arranged by GOAL German Operating Aircraft Leasing GmbH & Co. KG (“GOAL”) on behalf of KGAL APF 3 fund. The aircraft is the 100th aircraft manufactured at the Final Assembly Line in Mobile, Alabama, USA.
The aircraft is the last of six A320 neo aircraft leased to Frontier Airlines, Inc. that have all been placed in three of KGAL’s Aircraft Portfolio Funds for German institutional investors GOAL is further acting as Lease Manager and Remarketing Agent at the end of each Lease.
GOAL is a joint venture of KGAL GmbH & Co. KG, one of Germany’s top investment companies and a high-ranking player in the world of structured asset finance and investment participation, and Deutsche Lufthansa AG, one of the world’s premier carriers. GOAL currently owns and manages 60 aircraft. It has a broad experience in its core business of operating leasing, technical asset management and aircraft remarketing and has proven its professional know-how since its foundation in 1998. For more information see its website at www.goal-leasing.de
The KGAL Group is a leading independent investment and asset manager with an investment volume of €22.7 billion. The investments focus on long-term capital investments for institutional investors in the real estate, infrastructure and aircraft asset classes. The Group, founded 50 years ago, operates across Europe and has its registered office in Gruenwald near Munich.
About Frontier Airlines:
Frontier Airlines is committed to delivering ‘Low Fares Done Right’ to 100 cities and growing in the United States, Canada, Dominican Republic and Mexico on some 350 daily flights. Headquartered in Denver, Frontier Airlines is the proud recipient of the Federal Aviation Administration’s 2017 Diamond Award for maintenance excellence and was named the industry’s most fuel-efficient airline by The International Council on Clean Transportation (ICCT) as a result of superior technology and operational efficiencies.