Aviation

May 16, 2018
 

GOAL arranges leasebacks for Avianca

GOAL German Operating Aircraft Leasing GmbH & Co KG in April arranged a sale and leaseback transaction of two used A321-231 aircraft with IAE V2533 A5 engines with Colombia-based Avianca.

The aircraft are placed in a portfolio fund for two German institutional investors that has been initiated by KGAL.

Underlying long-term operating leases will be managed by GOAL.

The two aircraft are financed with Norddeutsche Landesbank Girozentrale (NordLB) as debt arranger and lender, and Airbus Bank as lender.