Ashland Place Finance LLC (“Ashland Place”), a commercial aviation financing platform, today announced the completion of two new facilities for funds managed by affiliates of Fortress Investment Group (“Fortress”) and GOAL Aircraft Leasing (“GOAL”).
Ashland Place financed Fortress and GOAL's sale/leaseback of two brand new Embraer E195-E2s upon delivery from Embraer and on lease to Canadian carrier Porter Airlines. Two additional aircraft under this facility are expected for completion during 2025.
“We are excited to welcome Fortress and GOAL as new partners,” said Jennifer Villa, Ashland Place's Executive Director and Group Head. “This transaction reflects our commitment to building long-term partnerships with leading aviation investors and we look forward to working together on future opportunities. From award to funding, we closed in record time, a testament to both teams.”
“Fortress is pleased to work with Porter Airlines, GOAL and Ashland Place Finance on this sale-leaseback transaction,” said Matthew Mortara, Managing Director at Fortress. “Porter's brand, elevated all-economy service and ongoing network growth – especially to underserved markets – are helping the company secure an increased share of airline travel across Canada and the broader North America region. We're delighted to support the company's acceleration of that growth in a capital-efficient way through this transaction.”
Henrik Jagau, Head of Transaction Management & Strategic Finance at GOAL, said: “Ashland Place's collaborative approach and strong execution capabilities make them a valuable financing partner. We look forward to building on this relationship as we continue to grow our aviation portfolio.”
“We welcome Ashland Place to the growing ecosystem of lenders supporting the delivery financing of our E2 Family, the most fuel-efficient aircraft family in its segment. We sincerely appreciate Ashland Place's speed, agility & ability to execute in a highly volatile environment,” said Felipe Santana, Global Treasurer at Embraer.
Vinson & Elkins served as legal counsel for Ashland Place and Vedder Price represented GOAL on this transaction.
About Ashland Place Finance LLC Ashland Place Finance LLC is an institutional financing platform offering innovative capital solutions to the global commercial aerospace industry.Ashland Placeis a wholly-owned subsidiary of Davidson Kempner Capital Management LP. Additional information can be found at:www.ashlandplace.com.
About PorterSince 2006, Porter Airlines has been elevating the experience of economy air travel for every passenger, providing genuine hospitality with style, care and charm. Porter's fleet of Embraer E195-E2 and De Havilland Dash 8-400 aircraft serves a North American network from Eastern Canada. Headquartered in Toronto, Porter is an Official 4 Star Airline® in the World Airline Star Rating®. Visit www.flyporter.com or follow @porterairlines on Instagram, Facebook and Twitter.
About Fortress Investment GroupFortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $51 billion of assets under management as of March 31, 2025, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts. For more information, please visit www.fortress.com.
About GOAL Aircraft LeasingGOAL (German Operating Aircraft Leasing), a joint venture between KGAL and Deutsche Lufthansa AG, is Germany's leading aircraft asset manager and ranked among the Top 15 globally by ISHKA. Founded in 1998, GOAL combines decades of industry expertise with over USD 4.5 billion in transactions, providing customized leasing solutions to airlines and risk-managed investment services to institutional investors worldwide. GOAL manages a portfolio of more than 60 modern aircraft valued at around USD 2.8 billion and has a strong track record in structuring complex deals across sale & leasebacks, PDP financing, remarketing, and long-term asset management. Leveraging Lufthansa's operational expertise and KGAL's financial strength, GOAL applies a disciplined investment approach across market cycles. More at www.goal-leasing.com.
Media Contact:
Prosek Partnerspro-davidsonkempner@prosek.com
Porter Airlinesmedia@flyporter.com
Fortress Investment Groupmedia@fortress.com
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SOURCE Ashland Place
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