GA Telesis announces $2 billion in new financing ventures

GA Telesis announces $2 billion in new financing ventures

Lessor and MRO firm GA Telesis has launched two new financing ventures – a joint aircraft engine financing initiative with Japanese financier Tokyo Century Company and its own $1 billion specialist finance unit to support its inventory leasing business.

The joint venture is looking to close $1 billion in new engine transactions for its first two years. The initiative will be focusing on financing General Electric GEnx, Rolls-Royce Trent 1000 and Trent XWB, Pratt & Whitney GTF and CFM International LEAP engines.

“This is an unprecedented time in the history of aviation where all of the aircraft manufacturers are delivering new technology aircraft and engines across four aircraft families simultaneously,” said Abdol Moabery, president and CEO of GA Telesis.

“With over 8,700 new technology 787, 737MAX, A350, and A320NEO aircraft in the current back-log, we are prepared to help our airline customers by providing them a customized financing solution to meet their inventory provisioning needs.”

Alongside the joint venture, GE Telesis also launched a $1 billion finance unit called Structured Credit Products (SCP) that will provide finance solutions for airline, MRO and OEM customers leasing their inventory.

The unit will be headed up by GE Telesis vice president Stuart Weinworth and will focus on financing spare part transactions for Boeing 787s, 737 MAXs, Airbus A350s and A320NEOs.

SCP will be expanding outside of financing inventory leasing to originated secured lending, trading in public and private debt, and investments in other aviation related financial instruments.

Alex Baldwin
By Alex Baldwin August 2, 2017 15:30