- Business
- Global Knafaim Leasing Ltd Global Knafaim Leasing Ltd (GKL.TA), a subsidiary of Knafaim Holdings Ltd, acquires, leases, trades, finances, and refinances used commercial aircraft; sells aircraft spare parts; and manages aircraft assets through technical, professional, and economic oversight, including lease extensions, sales, and parting out. The company serves airlines, leasing companies, and financiers with its non-speculative transactions, maintaining partnerships such as with Rolls Royce Partners Finance, and operates geographically across North and South America, Europe, Asia, Australia, and South Africa. Founded in 2002 and headquartered in Ramat Gan, Israel, Global Knafaim Leasing Ltd lists on the Tel Aviv Stock Exchange since its 2017 IPO, holds an IIBBB/Stable rating from S&P Maalot with corporate bonds rated IIBBB+/Stable, and has distributed over $50 million in dividends to shareholders. Recent developments include Investec providing $15 million financing in March 2024 for an A330-200 aircraft leased to Iberia; a letter of intent to lease an Airbus A330-200 to a European airline following termination of a prior sale agreement; a letter of intent for the $43 million sale of two Airbus A320-200 aircraft; and completion of a call option exercise in TUS Airways, yielding an expected $1.3 million profit while acquiring a 12.5% stake.