GA Telesis Engine Services (Helsinki) and unions sign CLA agreement

GA Telesis has reached and signed amended collective labor agreements (“CLA”) with all of the unions representing the Finnair Engines Services (“FES”) employees that will become part of the newly formed GA Telesis Engines Services (“GATES”) division in Helsinki, Finland. Terms are agreed for five years. Signing the CLA paves the way for GA Telesis to finalize the transition and conclude the transaction previously announced. Currently, FES operates a world-class organization that has third-party agreements for the repairing and overhauling of General Electric CF6-80C2, CFM International CFM56-5B and -5C, and Pratt & Whitney PW2000 jet engines. GATES is the only operation of its kind with direct trucking routes to the Russian and Eastern-European markets.