GA Telesis, Tokyo Century launch USD 1bn new technology engine leasing initiative

GA Telesis and Tokyo Century Corporation have launched a new technology engine financing initiative focusing on a select group of new technology jet engines, the company said.

GA Telesis has been an industry engine lessor since its inception in 2002 and has consummated well over 1,000 engine transactions. The new joint initiative will enhance GA Telesis´ current technology engine leasing business by implementing a more competitive cost of capital for longer-term and more structured transactions.

The target portfolio will consist of the following engine models: General Electric GEnx, Rolls-Royce Trent 1000 and Trent XWB, Pratt & Whitney GTF and CFM International LEAP engines. GA Telesis and Tokyo Century are targeting the origination and closing of USD 1 billion new-technology engine transactions over the next 24 months.

GA Telesis is a global provider of integrated aviation solutions serving the aerospace industry. The company helps its customers achieve higher levels of performance by creating custom-tailored, multi-faceted solutions integrating its financial asset structuring expertise with component supply chain solutions, jet engine, aircraft systems and aerostructures MRO services. GA Telesis serves over 2,000 customers on six continents supporting all Airbus, Boeing, Bombardier and Embraer aircraft as well as CFM International, General Electric, International Aero Engines, Pratt & Whitney, and Rolls-Royce jet engines.

Tokyo Century Corporation is a highly specialized and unique financial services company that pioneers new business fields combining finance, services and business expertise, working alongside customers in pursuit of their growth and goals. Through its four core businesses (Equipment Leasing, Specialty Financing, Domestic Automobile Financing, and International Business) Tokyo Century seeks to provide solutions that help increase the corporate value of customers. The company is a 20% shareholder of GA Telesis.