Press

About

Name

GOAL German Operating Aircraft Leasing GmbH & Co. KG

Foundation

1998 as joint venture between KGAL and Lufthansa

Business purpose

GOAL is a globally active aircraft lessor in commercial aircraft leasing, providing aircraft leasing, aircraft financing and asset management services, aircraft trading and aircraft marketing.
Operating aircraft leasing is the backbone of GOAL’s business. The majority of aircraft in GOAL’s portfolio have been acquired through sale and lease back transactions. The aircraft have been purchased new directly at delivery from the manufacturer or as used/pre-owned aircraft

Management

Jochen Baltes, Managing Director
Christian Schloemann, Managing Director

Portfolio

64 aircraft, ~$2.0 bn

Employees

10

Head quarter

Toelzer Straße 15
82031 Gruenwald
Germany

Website

History

1998

GOAL founded as joint venture between KGAL and Lufthansa

1999

First operating lease transaction

2000

First business aircraft transaction (Learjet)

2001

Exclusive asset manager for KGAL retail funds

2004

First bank remarketing and asset management mandate

2004

First remarketing mandate by Lufthansa Group

2006

First mezzanine financing

2007

First PDP financing

2007

Christian Schloemann joins GOAL as Managing Director

2007

German government project (4 Global 5000 aircraft)

2008

Acquisition of 50th aircraft

2009

First part out

2010

Remarketing of 50th asset (aircraft and engines)

2012

Aircraft portfolio exceeds US$ 1.0 bn under management

2012

Jochen Baltes joins GOAL as Managing Director

2013

Mandate as exclusive manager for KGAL institutional fund series

2014

Remarketing of 100th asset (aircraft and engines)

2016

Acquisition of 100th aircraft

2018

Aircraft portfolio exceeds US$ 2.0 bn under management

2018

20 years’ anniversary

 

 

Services

Leasing

GOAL, together with KGAL provided creative, customized and competitive aviation leasing solutions to airlines worldwide. Our fleet features a full range of popular aircraft types including regional, narrow body and some wide body aircraft from customers ranging from international flag carriers, low cost airlines, charter and regional operators. The aircraft have been purchased new directly at delivery for the aircraft manufacturer or as used/pre-owned aircraft.

Financing

In addition to operating leases, GOAL offers alternative financing solutions, such as financial lease, mezzanine or junior loan financing and PDP-financing. Through GOAL’s majority shareholder KGAL our customers have access to extensive aircraft financing know-how. KGAL has financed over 800 aircraft during the last 39 years.

Asset management

Our team of professional engineers and technical inspectors perform thorough and regular aircraft inspections including all relevant documents to ensure the managed aircraft are maintained and operated at or above industry standards to secure residual values of the assets. Our customers benefit from a high level of expertise and industry experience, gained from airlines, maintenance repair and overhaul organisations, aircraft and engine manufacturers and financial fields, to efficiently manage a wide range of requirements.

Remarketing

GOAL’s network of industry relationships including airlines, manufacturers, maintenance repair and overhaul organisations, financiers, part-out companies and other lessors enable us to successfully remarket both pre-owned and new aircraft. These remarketing activities include the sale or re-leasing of aircraft. The experienced Sales & Marketing team has succesfully remarketed well over 250 assets in the last 20 years. Our expertise lies in a sound knowledge of the aviation market as well as a thorough understanding of how to manage a smooth aircraft transaction.

 

 

Customers

Airlines

easyJet, Finnair, flybe.com, AirEuropa, IndiGo, VIVA Aerobus, Frontier Airlines, helvetic airways, Air Asia, Alitalia, Oman Air, vietjet, Avianca, evelope, Stobart Air

Banks

NORD / LB, Bayern LB, DVB, Airbus Bank, KFW, Santander, Crédit Agricole, DekaBank, Helaba

Lessor

FALKO, Nordic Aviation Capital, AviaAm, AeroCentury, Santos Dumont

 

 

Management

Jochen Baltes joined GOAL as Managing Director in 2002 and can draw on more than 25 years of experience in various capacities within the aviation industry. Jochen oversees GOAL’s area of Aircraft Acquisition & Marketing and Technical Asset Management. He occupied several functions over 10 years with Swiss International Airlines ranging from Head of Planning and Maintenance Control, Head of Technical Projects and Engineering to Head of Aircraft Procurement and Aircraft Asset Management. In this last position, he was responsible for all commercial issues related to the sourcing of aircraft and technical services. This included contract tendering and negotiation for aircraft leasing, subleasing, purchase and sales contracts, aircraft equipment and supplier selection together with the management and execution of existing leasing, subleasing and purchase agreements with aircraft lessors, manufactures and suppliers. He also worked for Fairchild Dornier as Customer Support Manager supporting several customers worldwide. He started his career at Lufthansa and qualified as a licensed aircraft engineer occupying numerous positions in technical and operational fields including foreign assignments for SunExpress in Antalya and in Brunei for the VIP Operation of the Sultan’s Flight. Jochen has a Master of Business Administration from La Salle University in Philadelphia, USA.

Christian Schloemann was appointed as Managing Director of GOAL in 2007. He oversees GOAL’s structuring and refinancing, as well as the evaluation of aircraft acquisition opportunities. In 1993 he started working in the aircraft finance/cross border leasing department of KGAL GmbH & Co. KG, the majority shareholder of GOAL. There he structured financial leases for all types of commercial aircraft as well as for cross-border lease transactions. Among those had been German leveraged leases, QTE leases and other cross border leases for major customers such as Lufthansa, Swissair and Air Canada. Since 1998 Christian Schloemann has structured operating leases for narrowbody and regional aircraft for airlines like Lufthansa, Condor, Flybe, Air Europa and easyJet. His broad experience in all kinds of lease finance structures makes him highly knowledgeable about all areas of aircraft leasing and financing. Christian holds a Master’s degree of Economics from the University of Konstanz and a Master’s degree in Air Transport Management (MSc) of the University of Cranfield.