GA Telesis announced the closing of a large inventory lease comprised of rotable spare parts for LATAM Airlines in support of its 777-300ER operations that was tailored to provide maximum operational flexibility for the airline.
GA Telesis acquired its first inventory financing in 2008 and now has more than 30 major airline operators on six continents. Inventory leasing has grown in relevance with airlines as new technology aircraft are delivered by the airframe manufacturers. This proprietary leasing program provides operators, MROs, and other aviation asset investors increased flexibility in managing their capital investment and facilitate greater focus on their core operations.
Over the next three years, GA Telesis says it has budgeted up to $1 billion for asset financing in various structures to meet its customers’ needs for innovative financing solutions.
The transaction was financed jointly with GA Telesis’ shareholder, Tokyo Century Corporation, under undisclosed terms.
Earlier this week, Tokyo Century Corporation acquired an additional stake in GA Telesis making it the largest shareholder with 49.2% of the company while All Nippon Airways Trading Company acquired a 10% stake.