GOAL introduces eight ATR72-600 to its fleet for KGAL investors

Eleanor Steed
By Eleanor Steed April 24, 2017 16:39

GOAL introduces eight ATR72-600 to its fleet for KGAL investors

GOAL German Operating Aircraft Leasing arranged the financing for eight ATR72-600 aircraft with Propius Limited, an aircraft leasing company belonging to Stobart Group. The aircraft will continue to operate with Stobart Air (Ireland), primarily providing flights under an Aer Lingus franchise agreement. Four aircraft are placed in KGAL’s Aircraft Portfolio Fund 1 (APF1) and four aircraft in KGAL APF 4 GmbH & Co. geschlossene Investment KG (APF4), for German institutional investors through the structure of long term operating leases. GOAL, being a renowned expert in managing aircraft assets, will be the asset manager as well as remarketing agent for the aircraft. The eight aircraft are financed with Norddeutsche Landesbank Girozentrale (NORD/LB) as senior lender.

Eleanor Steed
By Eleanor Steed April 24, 2017 16:39