GA Telesis Acquires Two Airbus A320-200 Aircrafts on Lease to Air New Zealand
Fort Lauderdale, July 7, 2014 – GA Telesis LLC (“GA Telesis”) announced adding two on-lease A320 aircraft to its GAIN Investment platform. Earlier GA Telesis had announced it raised $500 million from institutional and private clients advised by Wafra Capital Partners to establish a new aviation investment vehicle focused on aircraft and engine investment opportunities. The vehicle, named GA Telesis Aviation Investments LLC (“GAIN”), also utilizes GA Telesis’ existing credit facilities thereby increasing GAIN’s capacity for investments to $1 billion.
Specifically, GAIN acquired two (2) Airbus A320-200 aircraft on long-term lease to Air New Zealand Ltd. (NZX: AIR). These two aircraft constitute the youngest aircraft in the GA Telesis fleet, and reinforce the company’s move to invest in newer generation aircraft. GAIN will continue to make investments in commercial aircraft, engines and new generation component inventories, for long-term or short-term lease. GAIN will also acquire assets for immediate disassembly and resale of the components and parts. GAIN has broad flexibility to make investments with a variety of duration in a wide range of asset types and capital structures.
About GA Telesis
GA Telesis is a worldwide leader in providing support services to the commercial aerospace industry. With financial, supply-chain, component and heavy jet engine MRO businesses spanning the globe, GA Telesis is recognized as a pioneering leader in solutions-based services in its sector. As an innovator, GA Telesis is one of the few independent companies in the world capable of providing a total-support-solution to their customers from their front door with several fully integrated operations throughout North America, Europe and Asia. GA Telesis also provides leasing and asset management services and maintains an extensive portfolio of leased assets exceeding $1 billion in value.
For further information, please visit www.www.gatelesis.com/capital-management
Contact: Robert Loesch: email@example.com