July 7, 2014
GA Telesis closes transaction in its GAIN investment platform
GA Telesis added two on-lease A320 aircraft to its GAIN Investment platform. Earlier GA Telesis had announced it raised $500m from institutional and private clients advised by Wafra Capital Partners to establish a new aviation investment vehicle focused on aircraft and engine investment opportunities. The vehicle, named GA Telesis Aviation Investments (“GAIN”), also utilizes GA Telesis’ existing credit facilities thereby increasing GAIN’s capacity for investments to $1bn. Specifically, GAIN acquired two (2) Airbus A320-200 aircraft on long-term lease to Air New Zealand. These two aircraft constitute the youngest aircraft in the GA Telesis fleet, and reinforce the company’s move to invest in newer generation aircraft. GAIN will continue to make investments in commercial aircraft, engines and new generation component inventories, for long-term or short-term lease. GAIN will also acquire assets for immediate disassembly and resale of the components and parts. GAIN has broad flexibility to make investments with a variety of durations in a wide range of asset types and capital structures.