GA Telesis to acquire 777-300ER fleet

GA Telesis HQ

GA Telesis has signed an agreement to acquire a fleet of 777-300ER aircraft powered by GE90-115B engines with an undisclosed seller.

The aircraft will be used for a variety of purposes, GA Telesis said. These include aircraft leasing, engine leasing, as well as airframe and engine part-out.

“We were the first to manage 777 fleet disposition strategies during the financial crisis, and we have built an extensive customer network for the product line,” said GA Telesis’ president of the LIFT (leasing, investments, finance & trading) group Marc Cho.

“With approximately 1,000 aircraft in service, GA Telesis is proud to support a wide variety of customers throughout the ‘GA Telesis Ecosystem’, as the long-haul market prepares for passenger traffic recovery.”

GA Telesis recently acquired three 777 aircraft from All Nippon Airways for part-out, which followed an award for a Cathy Pacific 777 fleet disposition contract over seven years.

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