GOAL German Operating Aircraft Leasing GmbH & Co. KG (“GOAL”) has arranged a sale and leaseback transaction of two used Airbus A321-231 aircraft with IAE V2533 A5 engines with Avianca S.A., based in Bogotá, Colombia.

The aircraft are placed in a portfolio fund for two German institutional investors which has been initiated by KGAL. The underlying long term operating leases will be managed by GOAL. The two aircraft are financed with Norddeutsche Landesbank Girozentrale (“NORD/LB”) as debt arranger and lender, and Airbus Bank as lender.