Fort Lauderdale, Florida, United States:
GA Telesis LLC (“GAT”) has announced that it has signed a Letter of
Intent with Century Tokyo Leasing (“CTL”) for the purchase of new shares
in GA Telesis. CTL will hold a minority position in GA Telesis. The
existing shareholder base remains unchanged.
GA Telesis has recently announced explosive growth and expansion plans
in all areas of its businesses. The fresh capital will allow GA Telesis
to make substantial investments in the areas of strategic mergers and
acquisitions, aircraft and engine leasing, inventory and supply-chain
finance as well as other new initiatives.
On October 17, 2012 GA Telesis announced that it has closed on a new
syndicated $100 million credit facility. Led by PNC Bank, N.A., the
facility has a three year term and has participation from a total of six
global and regional banks. It provides the company with additional
financial resources at cost efficient and flexible terms to support the
On October 18, 2012, Air China and GA Telesis formed Beijing Ji-An as a
50/50 joint venture based in Beijing, PRC. The joint-venture is the
first, China based, integrated aircraft trader/lessor of mid-aged used
aircraft and will also introduce a full-scale aircraft disassembly and
redistribution business covering the entire Asian market. The new world
class operations will commence full-scale operations from Beijing
Capital International Airport.
On November 1, 2012, GA Telesis announced that it had reached and signed
amended collective labor agreements (“CLA”) with all of the unions
representing the Finnair Engines Services (“FES”) employees that will
become part of the newly formed GA Telesis Engines Services (“GATES”)
division in Helsinki, Finland. Terms are agreed for five (5) years.
Signing the CLA paves the way for GA Telesis to finalize the transition
and conclude the transaction previously announced. Currently, FES
operates a world-class organization that has third-party agreements for
the repairing and overhauling of General Electric CF6-80C2, CFM
International CFM56-5B and -5C, and Pratt & Whitney PW2000 jet engines.
GATES is the only operation of its kind with direct trucking routes to
the Russian and Eastern-European markets
Under CTL’s Medium-Term Management Plan which commenced in 2010, CTL has
consistently focused on evolving its core businesses to adapt to the
changing environment and building expertise for each asset class,
industry and business field in order to develop areas of strength.
Through this acquisition, CTL will be able to expand its business domain
from aircraft leasing/financing to engine leasing and inventory finance,
and to effectively manage the life cycle of commercial aircraft, from
new aircraft to part-out of retired aircraft, parts redistribution and
MRO. CTL looks to further contribute to the growth of the aviation
industry by combining CTL’s know-how in leasing/financing with GAT’s
global network coupled with its high-level expertise in the areas of
solutions based services targeted at the commercial aerospace industry.
In early 2012, CTL acquired a 16.7% stake in Jetstar Japan, a leading
Japanese LCC airline. It also recently established a business
partnership with Tata Capital Financial Services, a subsidiary to Tata
Capital, to provide leasing solutions in India.
GA Telesis LLC
Alvin Khoo, 954-676-3111, ext. 2189
Chief Investment Officer