January 20, 2019 – Fort Lauderdale, Florida – GA Telesis, LLC (“GAT”) announces closing on the purchase of two Embraer E170 aircraft subject to lease with Republic Airline (“Republic.”)
GAT completed the acquisition of two Embraer E170 aircraft, which are subject to multi-year leases with Republic Airline, last month, which increases its total fleet with Republic to eight aircraft.
“Republic Airline has been a great airline partner for GA Telesis, and we are very pleased to increase our exposure to such an outstanding operator,” commented Marc Cho, President of GA Telesis’ Leasing Investment Financing & Trading (LIFT) Group.
The transaction was executed by GA Telesis Aviation Investments 2 LLC (“GAIN 2”) an aviation investment vehicle managed by GA Telesis Capital Management and co-funded by GAT and Wafra Capital Partners with a commitment of $500 million. Over the past several months, GA Telesis has acquired 12 aircraft into GAIN 2 valued at over $200 million.
About GA Telesis
LIFT is the group within the GA Telesis Ecosystem responsible for Leasing, Investments, Finance & Trading through its business units ATG, LFG and CMG. The Asset Transaction Group (ATG) engages in aircraft and engine leasing and trading. The Leveraged Financing Group (LFG) is a direct lending platform that provides senior debt, sub-debt and uni-tranche financing solutions for lessors, investors, and airlines. The Capital Management Group (CMG) oversees the management of third party investor capital including the GAIN 1 and 2 vehicle.
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