KGAL’s aviation fund has acquired a new Boeing 737 MAX 8 for lease and sold an Airbus A350-900 in two separate deals.
KGAL said its German operating aircraft leasing joint venture with Deutsche Lufthansa, GOAL, has completed the two transactions for the APF 5 portfolio.
Stephan Gundermann, head of aviation portfolio management at KGAL Investment Management, said: “These two transactions once again underscore the appeal of aircraft leasing investments, with their attractive risk/return profile and low correlation to other asset classes.”
Launched in 2021 as a dedicated mandate for a professional pension fund, the KGAL APF5 vehicle is managed by GOAL, which serves as both technical asset manager and co-investor.
GOAL was established in 1998 as a joint venture between KGAL (60%) and Lufthansa (40%).
To read the latest IPE Real Assets magazine click here.
