GA Telesis acquires three on-lease aircraft from Avolon

GA Telesis, the pioneering leader in integrated aviation services, has completed the acquisition of a three-aircraft portfolio from Avolon. The aircraft are all mid-life narrowbodies and are on-lease to airline operators in Europe, Japan, and Australia respectively.

GA Telesis' Leasing, Investment, Financing & Trading ("LIFT") Group continues to grow and diversify its aircraft operating lease portfolio. In addition to this acquisition, LIFT has commitments in place to purchase a significant number of additional aircraft by year-end thus leading to its largest asset portfolio by total size.

"We are pleased to complete this acquisition from Avolon and to add them to our growing list of top-tier trading partners," said David Ellis, Senior Vice President and Head of the Asset Transaction Group at GAT.

"We are happy to have completed this transaction with GA Telesis and value our continued relationship as strong trading counterparties," said Ross O'Connor, Chief Financial Officer, Avolon.

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