GA Telesis Acquires Fleet of 777-300ER Aircraft

GA Telesis signed an agreement to acquire a fleet of 777-300ER aircraft powered by GE90-115B engines from an undisclosed seller. GA Telesis’ plan for this fleet will encompass a strategy of aircraft leasing, engine leasing, and airframe and engine part-out.

“We were the first to manage 777 fleet disposition strategies during the financial crisis, and we have built an extensive customer network for the product line,” Marc Cho, president of GA Telesis’ LIFT (leasing, investments, finance and trading) group, said. “With approximately 1,000 aircraft in service, GA Telesis is proud to support a wide variety of customers throughout the GA Telesis Ecosystem as the long-haul market prepares for passenger traffic recovery.”

Recently, GA Telesis acquired three aircraft from All Nippon Airways for part-out, which followed an award for the Cathy Pacific 777 fleet disposition contract over seven years.

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