GA Telesis Announces the Purchase and Leaseback of Six Embraer E170 Aircraft with Republic Airline

GA Telesis Announces the Purchase and Leaseback of Six Embraer E170 Aircraft with Republic Airline

October 19, 2017– Fort Lauderdale, FloridaGA Telesis, LLC. (“GAT”) announces the completion of a purchase and leaseback transaction of six Embraer E170 aircraft with Republic Airline (“Republic”).

GAT completed the acquisition of six Embraer E170 aircraft from Republic Airline earlier this month.  Simultaneous with the purchase, the aircraft were placed on long term leases with Republic.  The aircraft will be operated by Republic under a long term fixed fee capacity purchase agreement.  This is the initial transaction funded by GA Telesis Aviation Investments 2 LLC (“GAIN 2”) an aviation investment vehicle managed by GA Telesis Capital Management, LLC, a subsidiary of GA Telesis.

“We are very excited to complete the inaugural GAIN 2 transaction with Republic Airline,” commented Marc Cho, President of GA Telesis’ LTI Group.  “We look forward to commencing a prosperous leasing relationship with Republic” he added.

“We are pleased to establish a new relationship with GA Telesis,” commented Joe Allman, Senior Vice President and Chief Financial Officer of Republic. “This transaction is consistent with our initiative to continue to diversify our aircraft financing portfolio. Upon closing of the transaction, we will own approximately 85% of our fleet. We look forward to working with the GA Telesis team” he added.

Earlier this year, Wafra Capital Partners Inc. (“Wafra Capital Partners”) and GAT announced GAIN 2, a $500 million fund raised from institutional and private clients advised by Wafra Capital Partners to focus on aircraft and engine investment opportunities.  This capital raise constitutes the second round of institutional funding from Wafra Capital Partners.

About GA Telesis

Founded in 2002 by Abdol Moabery, GA Telesis has grown to become a global provider of integrated aviation solutions serving the aviation and aerospace industries. Earlier this year, GA Telesis, along with its shareholder Tokyo Century Corporation announced over $2.5 billion in new capital initiatives surrounding leasing products over the next 36 months. Considered a pioneer in the sector, 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. Visit www.gatelesis.com for more information or follow us on Twitter, Instagram and Google+, and connect with us on Facebook or LinkedIn.

About Republic Airline

Republic Airline, based in Indianapolis, operates a fleet of 188 Embraer 170/175 aircraft and offers scheduled passenger service with 900 daily flights to 100 cities in 35 U.S. states, Canada, the Caribbean and Central America. The airline provides fixed-fee flights operated under the major airline partner brands of American Eagle, Delta Connection and United Express. The airline employs about 5,200 aviation professionals. Visit www.rjet.com for more information, follow the company on Instagram, Twitter and YouTube, and connect on Facebook or LinkedIn.

For further information: please contact [ marketing@gatelesis.com ]

2017-11-30T13:57:42+00:00

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