Ashland Place Finance, a commercial aviation financing platform, completed its third and fourth financing facilities for funds managed by affiliates of Fortress Investment Group and GOAL Aircraft Leasing.
Ashland Place financed Fortress and GOAL’s sale/leaseback of two additional brand new Embraer E195-E2s upon delivery from Embraer and on lease to Canadian regional carrier, Porter Airlines. This follows two other financings announced in July, totaling four transactions through this partnership thus far.
“It’s been a pleasure to continue collaborating with the Fortress and GOAL teams,” Jennifer Villa, executive director and group head of Ashland Place, said. “Building on the success of our previous transactions earlier this year, this announcement highlights the strength of our growing relationship and our shared commitment to supporting high-quality operators and aviation platforms.”
Matthew Mortara, managing director at Fortress, said, “We’re pleased to have collaborated with Ashland Place, GOAL and Porter Airlines to help the airline expand its fleet and serve more travelers across Canada and the USA. The latest transactions further deepen our collaboration.”
Henrik Jagau, head of transaction management and strategic financing at GOAL, said, “Our continued work with Ashland Place has underscored their position as a truly best-in-class aviation lender. Our enduring partnership demonstrates the value of our cooperative, relationship-based approach and Ashland Place’s ability to deliver creative, efficient financing solutions.”
Vinson & Elkins served as legal counsel for Ashland Place and Vedder Price represented GOAL on these transactions.
