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.