GOAL German Operating Aircraft Leasing GmbH & Co. KG (GOAL) arranged a sale and lease back transaction for two Airbus A320-200 aircraft with Frontier Airlines, Inc., Colorado, USA.
The two aircraft will be new delivered in the second/third quarter 2016 and will be placed in KGAL’s Aircraft Portfolio Fund 1 (APF1) for German institutional investors through the structure of an operating lease. This is the fourth transaction for the fund and the first transaction in the United States. Including these two aircraft commitments, the fund now holds nine narrow body aircraft and regional jets. GOAL, being a renowned expert in managing aircraft, is the exclusive asset manager as well as exclusive remarketing agent for all KGAL aircraft funds.
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 45 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