GA Telesis Announces the Purchase and Leaseback of Three Aircraft and Two Spare Engines with Aircalin
October 29, 2018 – Fort Lauderdale, Florida – GA Telesis, LLC. (“GAT”) announces the completion of a purchase and leaseback transaction of three aircraft and two spare engines with Aircalin, the international flag carrier of New Caledonia.
GAT completed the acquisition of two Airbus A330-200, one A320-200 aircraft and two spare engines (one CF6-80E1 and one V2527) from Aircalin. Simultaneous with the purchase, the aircraft and engines were placed on operating leases with Aircalin. This is the first lease transaction between GAT and Aircalin. A portion of the transaction was funded by GA Telesis Aviation Investments 2 LLC (“GAIN 2”), an aviation investment vehicle managed by GA Telesis Capital Management, LLC, a wholly owned subsidiary of GA Telesis.
“We are very excited to increase our exposure in the South Pacific region with a world-class operator,” commented Marc Cho, Chief Investment Officer and President of Leasing, Investments, Finance, and Trading (LIFT) at GA Telesis. “We look forward to a prosperous leasing relationship with Aircalin, ” he added.
“The Aircalin and the GA Telesis team worked hard to develop a fleet transition solution, which is part of the acquisition plan for its new Airbus NEO fleet, 2 A330-900neo and 2 A320neo aircraft. The first long-haul aircraft of the New Caledonian company will operate in June 2019,” said Didier Tappero, Chief Executive Officer of Aircalin.
About GA Telesis
GA Telesis is the global provider of integrated aviation solutions serving the aviation and aerospace industries. Considered a pioneer in the sector, GA Telesis serves over 3,000 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. For more information, please visit www.gatelesis.com
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Aircalin is a full-service international airline based in New Caledonia, the French Pacific Island. The company offers flights to Japan, Australia, New Zealand and major South Pacific Islands. Aircalin is offering the most comprehensive schedule for those wanting to travel to or from New Caledonia. For more details, please visit www.aircalin.com