GOAL introduces additional A320neo aircraft to its fleet for KGAL investors
GOAL German Operating Aircraft Leasing GmbH & Co. KG (“GOAL”) has arranged a sale and leaseback transaction for a total of six A320neo aircraft with Frontier Airlines, Inc. based in Denver, Colorado, USA. The first two aircraft were already delivered to the airline in November and December of last year. The remaining four aircraft are scheduled to be delivered during 2018.
The aircraft are or will be placed in KGAL’s Aircraft Portfolio Fund family 1, 3 and 4 (APF1, 3 and 4) for German institutional investors through the structure of long term operating leases with GOAL acting as Lease Manager. Landesbank Hessen-Thüringen Girozentrale (“Helaba”) and DekaBank Deutsche Girozentrale ("Deka") are the debt arrangers and lenders for four aircraft and Credit Agricole CIB (“CACIB”) is the debt arranger and lender for two aircraft.
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 69 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
About Frontier Airlines:
Frontier Airlines, headquartered in Denver is one of the most renowned low-cost carriers in the United States. It has a fleet of over 70 aircraft and currently serves more than 80 cities in the Unites States, Mexico and the Dominican Republic. The airline previously received the Federal Aviation Administration (FAA)’s 2015 Diamond Award for maintenance excellence, and was named the industry’s most fuel-efficient airline by the International Council on Clean Transportation (ICCT).