January 20, 2019 – Fort Lauderdale, Florida – GA Telesis, LLC (“GAT”) announces closing on the purchase of two Embraer E170 aircraft subject to lease with Republic Airline (“Republic.”)
GAT completed the acquisition of two Embraer E170 aircraft, which are subject to multi-year leases with Republic Airline, last month, which increases its total fleet with Republic to eight aircraft.
“Republic Airline has been a great airline partner for GA Telesis, and we are very pleased to increase our exposure to such an outstanding operator,” commented Marc Cho, President of GA Telesis’ Leasing Investment Financing & Trading (LIFT) Group.
The transaction was executed by GA Telesis Aviation Investments 2 LLC (“GAIN 2”) an aviation investment vehicle managed by GA Telesis Capital Management and co-funded by GAT and Wafra Capital Partners with a commitment of $500 million. Over the past several months, GA Telesis has acquired 12 aircraft into GAIN 2 valued at over $200 million.