The 737 MAX 8 is Boeing’s most modern and efficient aircraft for short and medium-haul flights and, with 6,300 orders, is widely used in the market. Thanks to advanced LEAP-1B engines, redesigned aerodynamics and lighter materials, this aircraft type is around 14 per cent more fuel-efficient than the 737 Next Generation. With fuel consumption of around 2.0 litres per 100 kilometres per passenger, the 737 MAX 8 is the preferred choice for airlines seeking cost-efficient operations. Around 130 operators worldwide use this aircraft type, including American Airlines, Ryanair, and United Airlines. The narrow-body aircraft, delivered in December 2025, is equipped with up to 210 seats and leased for twelve years to VietJet Airlines, Vietnam’s largest low-cost carrier. The airline is the market leader in air transport in Vietnam and Southeast Asia in terms of seat capacity.<\/p>\n
The first sale from the APF5 portfolio, which is worth over \u20ac500 million, is a six-year-old Airbus A350-900 aircraft leased to Fiji Airways. The fund’s strategy of achieving double-digit returns through an opportunistic approach has thus been successfully implemented. With this sale and the latest new investment, the portfolio remains well-diversified in terms of manufacturers, aircraft types, and lessees, while offering high return potential.<\/p>\n
Stephan Gundermann, Head of Aviation Portfolio Management at KGAL Investment Management, says: \u201cThese two transactions once again underscore the appeal of aircraft leasing investments, with their attractive risk\/return profile and low correlation to other asset classes.\u201d<\/p>\n
The KGAL APF5 fund was launched in 2021 as an individual mandate for a professional pension fund. Together with its subsidiary GOAL, KGAL has the necessary technical and investment expertise from a single source to exploit opportunities in the aircraft financing market for investors. GOAL manages the APF5 fund as technical asset manager and is also a co-investor.<\/p>\n
When using the images, please cite KGAL as the source.<\/p>\n","protected":false},"excerpt":{"rendered":"
KGAL has completed two transactions for the APF 5 aircraft portfolio through its subsidiary GOAL, the long-standing joint venture between KGAL and Deutsche Lufthansa AG. The first transaction involved investing in a leasing deal for a newly delivered Boeing 737 MAX 8 aircraft. The second transaction related to the first portfolio sale of an Airbus A350-900, which was, as planned, an excellent deal for the fund.<\/p>\n","protected":false},"author":14,"featured_media":7752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":0,"footnotes":""},"categories":[1,43],"tags":[],"class_list":["post-7757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-aviation-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/posts\/7757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/comments?post=7757"}],"version-history":[{"count":5,"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/posts\/7757\/revisions"}],"predecessor-version":[{"id":7776,"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/posts\/7757\/revisions\/7776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/media\/7752"}],"wp:attachment":[{"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/media?parent=7757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/categories?post=7757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgal.de\/en\/wp-json\/wp\/v2\/tags?post=7757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}