FORT LAUDERDALE, Fla., Aug. 26, 2014 (GLOBE NEWSWIRE) -- via PRWEB - GA Telesis, LLC ("GA Telesis") announced the closing of a new asset financing for a major European airline. The ten-year $100 million transaction marks the third asset based financing transaction the company has closed in the last twelve months.
Asset financing becomes yet another service GA Telesis can provide operators and other investors in aviation assets, along with its widely known expertise in leasing, trading, acquisition, asset management, parts, and MRO services. This new program provides operators, MROs, and other aviation asset investors increased flexibility in managing their capital investment and facilitates greater focus on their core operations.
Over the next three years, GA Telesis has budgeted up to $1 billion for asset financing in various structures to meet its customers' needs for innovative financing solutions.
The transaction was financed jointly with GA Telesis' shareholder, Century Tokyo Leasing under undisclosed terms.
About GA Telesis
GA Telesis, LLC is a leader in providing worldwide support services to the commercial and defense aerospace industries. With financial, supply chain, component and heavy jet engine MRO businesses spanning the globe, GA Telesis is recognized as a pioneering leader in innovative solutions-based services. GA Telesis is one of the few independent companies in the world capable of providing a total-support solution to its customers from its front door, with several fully integrated operations throughout North America, Europe and Asia. GA Telesis also provides leasing and asset management services and maintains an extensive portfolio of assets. In November 2013, Century Tokyo Leasing (CTL) made a strategic investment in GA Telesis which gave CTL a minority shareholder position. CTL's extensive financial expertise, coupled with GA Telesis' expansive global network allows for more comprehensive solution-based support for the commercial aerospace industry.
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