Aug 03, 2017: GA Telesis, a leader in commercial aerospace offering aircraft leasing, aircraft overhaul & repair, aircraft replacement parts and highly specific and unique financial services company, Tokyo Century Corporation launched a new technology engine financing initiative focusing on a select group of new technology jet engines. GA Telesis has been an industry leading engine lessor since its commencement in 2002 and has consummated well over 1,000 engine transactions. The new joint initiative will boost GA Telesis’ existing technology engine leasing business by executing a more viable cost of capital for longer?term and more structured transactions.
The target portfolio will consist of the following engine models: General Electric GEnx, Rolls?Royce Trent 1000 and Trent XWB, Pratt & Whitney GTF and CFM International LEAP engines. GA Telesis and Tokyo Century are targeting the origination and closing of $1 billion new?technology engine transactions over the next 24 months.
“This is an unprecedented time in the history of aviation where each engine manufacturer is delivering a new technology engine simultaneously”, said Abdol Moabery, president & CEO of GA Telesis. “With over ten thousand new?technology engines in the backlog, we are prepared to help our airline customers by providing them a customized financing solution to meet their needs,” he added.
“As a company that has built a global reputation for its leasing products, the initiative will continue to define Tokyo Century Corporation’s commitment to the aviation industry,” said Koichi Nakajima, deputy president, director and executive officer of Tokyo Century Corporation. We are very enthusiastic about the market’s demand for leasing products such as this and we are committed to growing this,” he added.