April 10, 2019 – Fort Lauderdale, Florida – GA Telesis announces the first sale and leaseback (SLB) on four Auxiliary Power Units (APUs) with a major Eurasian Airline. The three Airbus A320 and one A330 APUs will be on a long-term operating lease with the carrier.
While GA Telesis has transacted on hundreds of APUs in its history, this was its first-ever SLB and will be the commencement of building a large APU lease portfolio for its vast customer base. In addition, GA Telesis has speculated by investing tens of millions of dollars on new and overhauled APUs for current and new technology aircraft that it will stock and make available to its global customers.
“GA Telesis was approached by a customer in our region to create a financial and operating solution around their APUs. With our vast financial and service offerings, we were well placed to support the operator’s needs that addressed their unique requirements,” stated Mehmet Dogan, Managing Director, GA Telesis Istanbul.
“This is another example of our commitment to serving our customers’ needs with solutions they have been asking for,” said Alex Tuttle, COO of GA Telesis Component Solutions Group. “We intend to become the aviation industry’s foremost lessor of APUs,” he added.