Air China and GA Telesis agree to start joint venture

Air China and GA Telesis have concluded their agreement to form the world’s largest China-based integrated commercial aerospace services provider. During a ceremony in Beijing, the companies signed all documents including their partnership agreement, to form GA Innovation China or Beijing Ji-An (“Beijing Ji-An, GAIC or the Company”) a 50/50 joint venture based in Beijing. The joint-venture will be the first China based integrated aircraft trader/lessor of used aircraft and will also introduce a full-scale aircraft disassembly and redistribution business covering the entire Asian market. The new world class enterprise will commence full-scale operations from Beijing Capital International Airport. Beijing Ji-An will focus on providing financial solutions for airlines in China and Asia that have an increasing need for fleet decommissioning activities. The Company will also provide top-quality used-serviceable components to the Asian market, while also acting as China’s first integrated asset management company that has aircraft disassembly capabilities.