3 March 2021: GA Telesis has signed an agreement to acquire a fleet of 777-300ER aircraft powered by GE90-115B engines with an undisclosed seller. The TRUEngine program by GE helps operators maximize operational reliability by maintaining all engine components to GE maintenance standards and recommendations. The TRUEngine designation can also result in as much as 50per cent higher engine residual value and enable easier evaluation of engine configuration, asset value and market attractiveness. The GE90 fan blade is made from carbon fiber and a toughened epoxy matrix that delivers double the strength and one-third the weight of titanium.
With the world’s leading aviation ecosystem and given the relative size of the acquisition, GA Telesis’ plan for this fleet will encompass a broad strategy of aircraft leasing, engine leasing, as well as airframe and engine part-out.
According to Marc Cho, President of the LIFT (Leasing, Investments, Finance & Trading) Group, “We were the first to manage 777 fleet disposition strategies during the financial crisis, and we have built an extensive customer network for the product line. With approximately 1,000 aircraft in service, GA Telesis is proud to support a wide variety of customers throughout the GA Telesis Ecosystem™, as the long-haul market prepares for passenger traffic recovery.”
GA Telesis has achieved great success with the 777 platform, from the world’s first-ever 777 part-out to the multitude of aircraft it has acquired and managed over the past decade. Most recently, GA Telesis acquired three aircraft from All Nippon Airways for part-out, which followed an award for the Cathy Pacific 777 fleet disposition contract over seven years.
