Transfer of seven ATR72-600 to TrueNoord

Munich – 02^nd December 2024:

GOAL Aircraft Leasing (GOAL) is pleased to announce the successful sale and transfer of a portfolio of seven ATR 72-600 aircraft to TrueNoord, a specialist in regional aircraft leasing. This transaction marks a significant accomplishment for GOAL in its role as exclusive technical asset manager and re-marketing agent for KGAL’s aviation investment funds, APF1 and APF4.

The portfolio consists of seven ATR 72-600 aircraft with MSN numbers 1097, 1105, 1083, 1122, 1139, 1159, and 1129. These aircraft are leased to three European carriers—Air Serbia, Emerald Airlines, and Olympic Air—and have been structured by GOAL under KGAL’s Aviation Portfolio Funds APF1 (holding four aircraft) and APF4 (holding three aircraft).

This transaction aligns with GOAL’s mission to deliver value through strategic asset management for the KGAL Aviation Portfolio Funds, specializing in high-quality aviation investments. GOAL’s role in structuring and managing the portfolio provides optimized returns for KGAL’s investors while supporting airlines in modernizing their fleets with efficient aircraft.

Andreas Schneider, Director of Sales & Marketing at GOAL, commented, “Facilitating this transaction with TrueNoord exemplifies our commitment to delivering high-value, sustainable aviation investments for KGAL’s funds. Our exclusive role as asset manager for KGAL’s aviation portfolio enables us to create attractive returns for investors while supporting airline fleet development across Europe.”

Stephan Gundermann, Head of Portfolio Management, KGAL, welcomes the transaction as “another proof of successfully managing KGAL’s broad aviation portfolios with experienced and professional partners for the benefit of our investor base”.

Anne-Bart Tieleman, CEO of TrueNoord, stated, “This transaction is further evidence of our ability to work effectively with professional trading partners in the regional space. Lessor to lessor transactions, like this deal with GOAL, present opportunities for both parties to pursue their own strategic plans. The ability to execute transactions reliably and seamlessly requires experience, but also quick decision making and a streamlined pragmatic approach. To succeed, these are essential qualities from both sides.”

Ahmed Ali, Sales Director at TrueNoord, added, "It has been a pleasure working with GOAL on this deal. Their professionalism and cooperation have made this process smooth and efficient. We are very pleased to have added these ATR72-600 aircraft to our portfolio and further expand our lessee base in Europe. We look forward to building strong, long-term relationships with our new lessees and contributing to their continued success.”