GA Telesis and Czech Airlines Technics Sign Letter of Intent to Form Partnership
October 4, 2017 – Fort Lauderdale, Florida and Prague, Czech Republic GA Telesis, LLC (“GA Telesis”) and Czech Airlines Technics (“CSAT”) today announced that they have signed a Memorandum of Understanding (“MOU”) to form an integrated supply chain partnership to support GA Telesis’ new ATR fleet iGEAR support service. With today’s announcement, GA Telesis will begin providing ATR fleet operators with an integrated flight hour support program with CSAT providing repair and consignment pooling in tandem. GA Telesis currently serves numerous customers globally with inventory lease and flight hour services totaling over 350,000 flight hours per year and plans to exponentially expand the iGEAR program with additional platforms in 2018, including the ATR regional fleet worldwide.
“We are very pleased to work with GA Telesis as it strengthens our position of servicing ATR customers in Europe. It helps us grow our global reach for our component maintenance services,” said Zdenek Soukal, Vice-Chairman of the Board at CSAT. “We continue to invest and grow our component repair business hand in hand with expanding our aircraft MRO business,” added Soukal.
“We are extremely proud to partner with a global MRO such as Czech Airlines Technics to expand our regional airframe support footprint,” said Jason Reed, President of the Component Solutions Group at GA Telesis. CSAT was able to provide significant value and complimentary support to our growing aftermarket iGEAR support services program. Today’s announcement continues to add to GA Telesis’s commitment to Intelligently Defining Aviation™.”
The Letter of Intent (LOI) is subject to a number of conditions, including entering into a definitive agreement, which is targeted to occur in the 4th Quarter of 2017.
About GA Telesis
GA Telesis is the global provider of integrated aviation solutions serving the aviation and aerospace industries. The Company helps its customers achieve higher levels of performance by creating custom-tailored, multi-faceted solutions integrating its financial asset structuring expertise with component supply chain solutions, jet engine, aircraft systems and aerostructures MRO services. GA Telesis serves over 2,000 customers on six continents supporting all Airbus, Boeing, Bombardier and Embraer aircraft as well as CFM International, General Electric, International Aero Engines, Pratt & Whitney, and Rolls-Royce jet engines. The company recently announced $2 billion in initiatives focusing on new technology commercial jet engines and inventory finance transactions.
About Czech Airlines Technics
Czech Airlines Technics, a daughter company of Czech Aeroholding, focuses primarily on aircraft repair and maintenance and aircraft equipment within the scope of base maintenance, line maintenance, components maintenance, engineering and landing gear maintenance. Last year, the company processed over 100 base maintenance jobs on B737, A320 Family and ATR aircraft, primarily on foreign customers’ aircraft. Among the most important clients of Czech Airlines Technics are Czech Airlines, Finnair, Transavia Airlines, Germania, Travel Service, KLM Royal Dutch Airlines and NEOS.