GA Telesis Announces Significant Capital Raise
Ft. Lauderdale, FL – GA Telesis, LLC (“GAT”), today announced that Global Principal Finance Company, LLC (GPFC), a wholly owned subsidiary of Merrill Lynch & Co., Inc., has taken a minority stake in GAT for an undisclosed sum. The investment is part of a larger capital raise of GAT which includes new debt facilities to support its continued growth in aircraft and jet engine ownership and leasing, parts re-distribution and other strategic initiatives. The existing management team will remain with the company.
Abdol Moabery, President & CEO of GA Telesis, LLC said: “GAT has built a premier aviation business that is redefining industry standards. In recent years, we have grown our parts and leasing businesses as well as broadened the services we offer to our customers. We expect to continue this trend, and this transaction provides additional capital that will support this growth and product expansion.”
With this capital, GA Telesis is looking to acquire additional aircraft, purchase aerospace related businesses and provide related financing solutions to airlines, aircraft and engine manufacturers, MROs and leasing companies.
GA Telesis has fast become a global leader in the commercial aviation industry. Specializing in commercial aircraft and jet engine finance and leasing as well as maintaining one of the world’s largest replacement component distribution inventory networks, GA Telesis serves hundreds of airlines and aviation maintenance organizations worldwide with support for Airbus, Boeing, Bombardier, Douglas and Embraer aircraft and components as well as CFM International, General Electric, Honeywell, International Aero Engine, Pratt & Whitney and Rolls-Royce turbine jet engines and components.
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