GA Telesis (GAT) has completed the acquisition of two Embraer E170 aircraft, which are subject to multi-year leases with Republic Airline, last month, which increases its total fleet with Republic to eight aircraft.
“Republic Airline has been a great airline partner for GA Telesis, and we are very pleased to increase our exposure to such an outstanding operator,” commented Marc Cho, President of GA Telesis’ Leasing Investment Financing & Trading (LIFT) Group.
The transaction was executed by GA Telesis Aviation Investments 2 LLC (GAIN 2) an aviation investment vehicle managed by GA Telesis Capital Management and co-funded by GAT and Wafra Capital Partners with a commitment of US$500 million. Over the past several months, GA Telesis has acquired 12 aircraft into GAIN 2 valued at over US$200 million.
