FORT LAUDERDALE, Fla., October 25, 2021--(BUSINESS WIRE)--GA Telesis, LLC ("GAT") announces that its freighter conversion strategy continues to grow with six additional firm orders for B737-800SF cargo conversions with Aeronautical Engineers, Inc. ("AEI"). This further commitment was executed by GAT’s LIFT (Leasing, Investments, Finance & Trading) Group. This represents the third incremental order by LIFT, bringing the total deliveries and conversion slots for the B737-800SF to twelve.
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The conversions under the additional order will commence in early 2022 and continue through early 2023. All work will be performed by authorized AEI Conversion Centers in the US and abroad. In addition, LIFT will continue to evaluate additional B737SF slots and other freighter aircraft models to support the global air cargo industry's expanding main deck freighter needs.
"We have a very aggressive and deliberate strategy that has continued to grow since launching our first conversion over a year ago, and we will continue to refine it to include other aircraft platforms in support of our cargo airline customers worldwide," commented Marc Cho, President of the LIFT Group.
"The Asset Transaction Group (ATG) continues to grow our narrow-body freighter portfolio, and the GA Telesis Ecosystem™ continues to deliver value across the platform that differentiates us from other freight lessors," said David Ellis, Sr. Vice President, ATG. "Our ability to provide spares support, engine, APU, leasing, and contributions from our various MROs add significant value to our customers, beyond what many of our competitors can offer," added Ellis.
About GA Telesis
GA Telesis is the leading provider of integrated services in the commercial aviation industry. Through the GA Telesis Ecosystem™, the Company is distinctly positioned, across six continents, to leverage its resources to create innovative solutions for its customers. Consisting of global operations encompassing leasing/financing, component solutions, and MRO Services business units for landing gear, component/composite, and turbine engine repair, as well as digital solutions, the GA Telesis Ecosystem™ provides an unparalleled resource to airlines. The Company’s core business is its mission to ensure "Customer Success," built from a reputation for unsurpassed excellence and integrity.
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About Leasing, Investments, Finance & Trading (LIFT)
LIFT is GA Telesis’ multi-strategy aviation platform comprised of three operating groups: Asset Transactions (ATG), Capital Management (CMG), and Leveraged Finance (LFG). LIFT specializes in aircraft and engine leasing and trading, asset-based finance, structured credit, investment management, and asset management and remarketing.
Aeronautical Engineers, Inc. (AEI) is a global leader in the aircraft passenger-to-freighter conversion business and is the oldest conversion company in existence today. Since the company’s founding in 1958, AEI has developed over 130 Supplemental Type Certificates (STCs) and has modified over 535 aircraft with the STCs. AEI helps its customers extend aircraft life and increase the overall value of aircraft assets by continuously focusing on dependable and flexible product offerings. AEI currently offers passenger-to-freighter conversions for the Boeing 737-800, 737-400, 737-300, MD-80 series, and CRJ200 aircraft. www.aeronautical-engineers.com
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