German Operating Aircraft Leasing (GOAL) has announced the sale of two A320neo aircraft (on lease to low-cost American carrier Frontier Airlines) to what it describes as an ‘institutional investor’. The two aircraft have been owned by KGAL’s Aviation Portfolio Fund 1 (APF 1) since 2016. KGAL currently manages three active institutional aviation portfolio funds responsible for more than 40 aircraft. The transaction was originated (and will be managed by) UK and Ireland-based lease manager the Kayan Group. Christian Schloemann, managing director of GOAL, described the sale as testament to his company’s “dedication to delivering value to [their] partners and stakeholders”.

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