July 9, 2012
Air China and GA Telesis agree to create landmark joint venture
Air China and GA Telesis have agreed to establish an Asia-based integrated spare parts supplier in China. After almost a year of planning, the companies have respective top management approvals to move forward with the formation of GA Telesis China Ltd. (“GATC” or the “Company”), a joint venture based in China which will be the first of its kind. The joint venture will be the first aircraft part-out business and integrated full-scale redistribution stockist based in China strategically covering the entire Asian market. GATC will focus on providing top-quality used-serviceable components to the Asian market, while also acting as China’s first integrated asset management company that has access to aircraft disassembly capabilities. The Company’s plan is to establish a facility allowing high-quality expedited processing and shipping to better serve the Chinese and Asian markets.
“The Asia market is clearly noted to be the largest global growth market for commercial aviation and is forecasted to have almost two-fold demand for new aircraft over the next twenty (20) years,” said Cai Jianjiang, President of Air China Ltd. “The formation of GA Telesis China is a perfect strategy to help Air China to manage its component replacement costs and long-term fleet planning,” he added.
“This formation of GA Telesis China is a perfect example of the type of innovative service solutions GA Telesis consistently brings to the market,” said Abdol Moabery, President and CEO of GA Telesis. “The combination of Air China’s extensive operational and local expertise, coupled with that of GA Telesis, will lead to unparalleled service by GA Telesis China Ltd to the Asian commercial aviation market,” he added.