GA Telesis MRO Services Group Reports Record Performance in Landing Gear Repair & Overhaul Business

Fort Lauderdale, Florida – August 16, 2022 – GA Telesis ("GAT"), a leader in integrated aviation services, reported record performance for its landing gear repair & overhaul business. The MRO Services Group delivered a record number of landing gear legs in the first half of 2022 and is on track to set a new production benchmark. GAT began repairing and overhauling landing gear in the 2nd quarter of 2019. At the current rate and based on the contractual removals scheduled, GAT will deliver record revenue numbers for FY 2022. Since its inception, this business has driven a 137% CAGR.

"Our overall success can be completely attributed to our landing gear team," said Pastor Lopez, President of MRO Services. "The GA Telesis Ecosystem sets us apart in this marketplace and allows our team to work closely with our customers and the regulators to ensure we deliver a quality product on time, every time. Our ecosystem formula allows us to provide the continuity that our customers have come to expect."

The MRO Services Group strongly focuses on an ecosystem structure that enhances performance by deploying lean and eliminating waste from daily activities. The current OEM arrangements greatly benefit our customers and our OEM partners. GA Telesis can deliver OEM quality material at lower prices to our customers while enhancing the OEM's market channels.

During the pandemic in 2020, GAT supported its customer base by tailoring services to meet its customer's immediate needs. At the end of the fiscal year 2021, GAT announced it had entered into several landing gear agreements and was able to secure a new, two-year contract with a major US carrier. In addition, in the current fiscal year, GAT extended an existing landing gear agreement with a large regional carrier for another two years. The MRO Services Group was formed during the second half of 2017 to streamline the decision-making process, lean MRO operations, and create a single customer interface and quality experience among the companies in the group.