Press Releases
 

March 2005 - GA Telesis Announces Acquisition of Three (3) Airbus A300B4-200 and B2 Aircraft

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced that it has entered into an agreement with Japan Airlines to acquire and take delivery of three (3) Airbus A300B4 widebody aircraft.  Several of the aircraft engines will be marketed whole while some of the engines and the airframe will be entered into GA Telesis’ disassembly production line and remarketed by their Aircraft Systems Group and Turbine Engine Group respectively.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

January 2005 - GA Telesis Announces Acquisition of Boeing (Douglas) DC10-30 (46997) from Calyon

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced the acquisition of a Boeing (Douglas) DC10-30 (46997) widebody aircraft from Calyon S.A.  The aircraft engines will be remarketed whole and the airframe shall be inducted into GA Telesis’ disassembly production line and remarketed by their Aircraft Systems Group.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

December 2004 - GA Telesis Announces Acquisition of Boeing 747-200SR from Guggenheim Partners

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced the acquisition of a Boeing 747-200SR (22594) jumbo-jet aircraft from Guggenheim Partners, WA.  The aircraft engines will be remarketed whole and the airframe shall be inducted into GA Telesis’ disassembly production line and remarketed by their Aircraft Systems Group.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

December 2004 - GA Telesis Raises $14,000 for Local Charity

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced that through a concerted effort with its partners, vendors, employees and families, it has raised approximately $14,000 for the His House Children’s Home. Approximately, $7,000 in contributions was raised through partners, vendors, employees and families and that amount was then matched dollar-for dollar by GA Telesis.

His House Children's Home is a non-profit organization established in 1989 for the purpose of providing a safe, temporary home for children who have been abused, neglected or exposed to drugs or whose parents are in crisis.  The goal of the ministry is to restore families and demonstrate the love of God by meeting their spiritual, physical and emotional needs.  His House has two fundamental purposes: to protect children who are placed by the state and to prevent the abuse of those who are voluntarily placed by parents.  The agency is licensed and sponsored by the Florida Department of Children and Families.  Funding is provided mostly from private tax-exempt donations.

“Children are our future and we have to make strides to support them when they are in need, commented Abdol Moabery, President & CEO of GA Telesis. “It was truly a joy to see everyone come together and raise such a large amount of money for such a worthy cause.”

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

November 2004 - GA Telesis Teams Up with Northwest Airlines to Help Support the Minnesota Special Olympics with a $10,000 Gift

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced that in support of, one of many local and nationwide charities supported by Northwest Airlines it has made a gift to the Minnesota Special Olympics of $10,000.

 “The Special Olympics is perhaps one of the most worthy causes in need of support,” said Abdol Moabery, President & CEO of GA Telesis. “Seeing the faces of the athletes when they compete is an exhilarating feeling – they are incredible.”

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

November 2004 - GA Telesis Announces Acquisition of 747SP VIP Aircraft

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced the acquisition of a Boeing 747SP widebody aircraft in VIP configuration from Avinco, Ltd., Ireland.  The aircraft will be jointly remarketed by GA Telesis and Apollo Aviation Group (Miami) as a VIP or head of state aircraft.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

November 2004 - GA Telesis Announces Dismantling of Two (2) Boeing (Douglas) DC10-30 (47865, 47956)

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced the commencement of two Boeing (Douglas) DC10-30 (47865, 47956) widebody aircraft.  The aircraft engines will be remarketed whole and the airframe shall be inducted into GA Telesis’ disassembly production line and remarketed by their Aircraft Systems Group.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

November 2004 - GA Telesis Raises $14,000 Gift for His House Children’s Home

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced that in a concerted effort with its partners, vendors, customers, employees and families it has raised approximately $7,000 for the His House Children’s Home.  GA Telesis then matched each donation dollar-for-dollar and rounded it up to total gift of $14,000.

His House Children's Home is a non-profit organization established in 1989 for the purpose of providing a safe, temporary home for children who have been abused, neglected or exposed to drugs or whose parents are in crisis.  The goal of the ministry is to restore families and demonstrate the love of God by meeting their spiritual, physical and emotional needs.  His House has two fundamental purposes: to protect children who are placed by the state and to prevent the abuse of those who are voluntarily placed by parents.  The agency is licensed and sponsored by the Florida Department of Children and Families.  Funding is provided mostly from private tax-exempt donations

 “Children are our future and we have to make sure they have every opportunity live life to its fullest,” commented Abdol Moabery, President & CEO of GA Telesis. “These children needed our help and we all pulled together to make sure we could help them succeed.  His House is a remarkable organization,” he added.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

October 2004 - GA Telesis Announces Acquisition of Airbus A310-300 MSN 032

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced the acquisition of an Airbus A310-300 (MSN 032) widebody aircraft from Airbus Industrie.  The aircraft will be entered into GA Telesis’ disassembly production line and remarketed by their Aircraft Systems Group and Turbine Engine Group respectively.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

September 2004 - GA Telesis Announces Acquisition of Boeing (Douglas) MD83 from AFL Limited

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced that in conjunction with one of its affiliate companies, it has purchased a Boeing (Douglas) MD83 (49525).  The aircraft was purchased subject to lease with Continental Airlines.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

August 2004 - GA Telesis Announces Sale of 757-200ERs

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced that in conjunction with one of its affiliate companies, it has sold two Boeing 757-200ERs (24122, 24136) to an undisclosed corporate customer.  The customer has indicated that it may have intention to reconfigure one or both of the aircraft to VIP for corporate and charter use.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

August 11, 2004, - GA Telesis Dismantles its First Boeing 767-200 Aircraft and JT9D-7R4 Engines

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced its first dismantling of a non-incident related Boeing 767-200 aircraft. The aircraft marks another step GA Telesis is taking to provide its customers with better access to newer generation parts.  Operated last by, Canadian flag carrier, Air Canada, the aircraft is currently in disassembly at Mojave, CA.  The aircraft and engine parts will be remarketed by their Aircraft Systems Group and Turbine Engine Group respectively.

"In the fist quarter of 2004, we made a strategic decision to increase our capabilities with the industries first ever NI* 757-200 disassembly. Now we have taken the next logical step with a 767-200 disassembly project," said Russell Bonnell, Vice President of GA Telesis - Aircraft Systems Group.  "As no other company, to date has disassembled, both a 757-200 and 767-200, we believe this will prove GA Telesis as the market leader in late generation aircraft disassemblies," he added.

"The decision to enter into the JT9D-7R4D marketplace coincides with the mature stage of the engine life cycle," said Alex Tuttle, Director of GA Telesis' Turbine Engine Group.  “With major operators, such as United Airlines, DHL and Air Canada still operating the engine type, we feel very comfortable with our market positioning”, added Mr. Tuttle.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

*Non-Incident

August 2004 - GA Telesis Announces Receives Hubair Inventory Under Remarketing Agreement

Ft. Lauderdale, FL - GA Telesis Turbine Technologies, LLC announced that it has entered into an agreement with Pramco II to remarket an inventory of over 25,000 rotable components previously owned by Hubair. The Inventory consists of parts for Boeing 727, 737, 747, 757, 767, Airbus A300, A310 and A320. The parts will be remarketed by their Aircraft Systems Group and Turbine Engine Group respectively.

GA Telesis has fast become a global leader in the commercial jet engine leasing and component distribution sectors of the airline industry.  As a major supplier of commercial jet engines for lease and replacement parts for both commercial turbine engines and commercial aircraft, GA Telesis has amassed an inventory of lease engines covering CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce and Airbus, Boeing, Bombardier and Douglas aircraft models.  In addition, GA Telesis’ Aircraft Systems Group and Turbine Engine Group each maintain one of the world’s most comprehensive inventories of aircraft and jet engine components for the major aircraft and engine manufacturers.

June 17, 2004 - GA Telesis Announces Move to Prospect Park Ft. Lauderdale, Florida

Miami, FL - GA Telesis Turbine Technologies, LLC announces the selection of Ft. Lauderdale (Broward County), Florida as the new location for its headquarters and distribution facility.  The new facility located at Prospect Park 5400 NW 35^th Ave. Ft. Lauderdale, Florida, features approximately 70,000 square feet of useable space; tripling current capacity.  The new 3 (acre) stand-alone facility will be equipped with two engine gantry (crane) systems (one integrated and one non-integrated) and two extra large doors to facilitate the steady movement of large commercial jet engines.

“We are excited about the move to Broward,” said Abdol Moabery President and Chief Executive Officer of GA Telesis Turbine Technologies.  “Our five-fold growth over the past two years necessitated a move to a centralized South Florida location, giving us the ability to keep up with our continuing growth.  Prospect Park is a perfect fit.”

GA Telesis is a world leader in the supply of commercial jet engines, aircraft, parts and asset management services. Its principal businesses include lease finance of commercial jet engines, purchasing, overhauling (through subcontractors), and reselling of aircraft engines, aircraft parts and engine parts. Headquartered in Opa Locka, FL, GA Telesis specializes in providing: engines and engine parts for large turbo fan engines manufactured by International Aero Engine, CFM International, General Electric, IAE, Pratt & Whitney and Rolls Royce.  GA Telesis also specializes in aircraft parts and turbine jet engines and engine parts for large transport aircraft; and aircraft components including Flight surfaces, general avionics, instruments, electrical and mechanical equipment and radar and navigation equipment for Airbus, Boeing, and Douglas Aircraft.

May 30 , 2004 - GA Telesis Dismantles First Ever NI Boeing 757-200 Aircraft and RB211-535C Engines

Miami, FL - GA Telesis Turbine Technologies, LLC announced the first ever dismantling of a non-incident related Boeing 757-200 aircraft. The aircraft marks another step GA Telesis is taking to provide its customers with better access to newer generation parts.  Operated last by LTE in Spain, the aircraft is currently in disassembly at APS in Opa Locka, Florida.

"We made a strategic decision to increase our capabilities to include the 757-200 product line," said Russell Bonnell, Vice President of GA Telesis Aircraft Systems Group.  "This innovative program already assists major airlines by providing unparalleled levels of component support."

"The decision to enter into the RB211-535 marketplace coincides with the mature stage of the engine life cycle," said Alex Tuttle, Director of GA Telesis' Turbine Engine Group.  “The feedback we receive from operators regarding our engine support programs is extremely positive”, added Mr. Tuttle.

GA Telesis is a world leader in the supply of commercial jet engines, aircraft, parts and asset management services. Its principal businesses include lease finance of commercial jet engines, purchasing, overhauling (through subcontractors), and reselling of aircraft engines, aircraft parts and engine parts. Headquartered in Opa Locka, FL, GA Telesis specializes in providing: engines and engine parts for large turbo fan engines manufactured by International Aero Engine, CFM International, General Electric, IAE, Pratt & Whitney and Rolls Royce.  GA Telesis also specializes in aircraft parts and turbine jet engines and engine parts for large transport aircraft; and aircraft components including Flight surfaces, general avionics, instruments, electrical and mechanical equipment and radar and navigation equipment for Airbus, Boeing, and Douglas Aircraft.

GA Telesis is a world leader in the supply of commercial jet engines, aircraft, parts and asset management services. Its principal businesses include lease finance of commercial jet engines, purchasing, overhauling (through subcontractors), and reselling of aircraft engines, aircraft parts and engine parts. Headquartered in Opa Locka, FL, GA Telesis specializes in providing: engines and engine parts for large turbo fan engines manufactured by International Aero Engine, CFM International, General Electric, IAE, Pratt & Whitney and Rolls Royce.  GA Telesis also specializes in aircraft parts and turbine jet engines and engine parts for large transport aircraft; and aircraft components including Flight surfaces, general avionics, instruments, electrical and mechanical equipment and radar and navigation equipment for Airbus, Boeing, and Douglas Aircraft.

December 31, 2003 - GA Telesis Acquires Two MD82 Aircraft from Wells Fargo Bank Northwest N.A.

Miami, FL - GA Telesis Turbine Technologies, LLC announced the speculative acquisition of two MD82 aircraft through its joint venture OLSF, LLC.  The aircraft were purchased from Wells Fargo Bank Northwest N.A. Services, Inc., and last operated by Continental Airlines. The aircraft are currently in storage at Avtel, Mojave, CA and are available for sale or lease.

GA Telesis is a world leader in the supply of commercial jet engines, aircraft, parts and asset management services. Its principal businesses include lease finance of commercial jet engines, purchasing, overhauling (through subcontractors), and reselling of aircraft engines, aircraft parts and engine parts. Headquartered in Opa Locka, FL, GA Telesis specializes in providing: engines and engine parts for large turbo fan engines manufactured by International Aero Engine, CFM International, General Electric, IAE, Pratt & Whitney and Rolls Royce.  GA Telesis also specializes in aircraft parts and turbine jet engines and engine parts for large transport aircraft; and aircraft components including Flight surfaces, general avionics, instruments, electrical and mechanical equipment and radar and navigation equipment for Airbus, Boeing, and Douglas Aircraft.

August 10, 2003 - GA Telesis Acquires MD81 Aircraft from Airlease

Miami, FL - GA Telesis Turbine Technologies, LLC announced the speculative acquisition of three MD81 aircraft through its joint venture OLSF, LLC.  The aircraft were purchased from Airlease Management Services, Inc., a division of Bank of America Equipment Leasing, Inc.  The aircraft are currently in storage at TIMCO, Lake City Florida and are available for sale or lease.

GA Telesis is a world leader in the supply of commercial jet engines, aircraft, parts and asset management services. Its principal businesses include lease finance of commercial jet engines, purchasing, overhauling (through subcontractors), and reselling of aircraft engines, aircraft parts and engine parts. Headquartered in Opa Locka, FL, GA Telesis specializes in providing: engines and engine parts for large turbo fan engines manufactured by International Aero Engine, CFM International, General Electric, IAE, Pratt & Whitney and Rolls Royce.  GA Telesis also specializes in aircraft parts and turbine jet engines and engine parts for large transport aircraft; and aircraft components including Flight surfaces, general avionics, instruments, electrical and mechanical equipment and radar and navigation equipment for Airbus, Boeing, and Douglas Aircraft.

July 15, 2003 - GA Telesis completes ISO 9001/2000

Miami, FL - GA Telesis Turbine Technologies, LLC announced the completion of its ISO 9000: 2001 quality assurance and operations system. The company is setting new goals for a higher standard and working towards the implementation of AS 9100 and ISO 6000:2003 in the coming two years.   “Our constant improvements in quality assurance, system-wide management procedures and performance measurement processes are crucial commitments to better serve our customers” said Peter Jaric, Director of Operations for GA Telesis Turbine Technologies.

GA Telesis is a world leader in the supply of commercial jet engines, aircraft, parts and asset management services. Its principal businesses include lease finance of commercial jet engines, purchasing, overhauling (through subcontractors), and reselling of aircraft engines, aircraft parts and engine parts. Headquartered in Opa Locka, FL, GA Telesis specializes in providing: engines and engine parts for large turbo fan engines manufactured by International Aero Engine, CFM International, General Electric, IAE, Pratt & Whitney and Rolls Royce.  GA Telesis also specializes in aircraft parts and turbine jet engines and engine parts for large transport aircraft; and aircraft components including Flight surfaces, general avionics, instruments, electrical and mechanical equipment and radar and navigation equipment for Airbus, Boeing, and Douglas Aircraft.

Republic Financial Corporation

Republic Financial Corporation Announces the Acquisition of

One 737-300 and Six 737-400 Aircraft

AURORA, CO March 27, 2003 –Republic Financial Corporation has acquired six 737-400 and one 737-300 aircraft for disassembly and parts supply in one of the first-ever large scale programs to support Boeing 737 “classic” aircraft. Republic Financial Corporation has chosen GA Telesis Turbine Technologies to collaborate with it on this program.

“We are confident in the continued operations of 737-300 and 737-400 “classic” aircraft in the global marketplace,” said Ian Massey, President of Republic Financial Corporation’s Aircraft and Portfolio Group.  “The disassembly and part out aspect of this program can make a significant contribution to lowering maintenance and repair costs of these aircraft.”

"We are excited about working with Republic Financial Corporation,” said Abdol Moabery, President & CEO of GA Telesis Turbine Technologies.  “We feel that our combined industry experience will make for a successful program and create further opportunities in the marketplace.”

Republic Financial Corporation, located in Aurora, Colorado, is a privately held investment company specializing in aircraft, equipment leasing portfolios, structured finance transactions, and distressed commercial debt, with current investments in assets worth over $800 million. 

GA Telesis, based in Opa Locka, Florida, is a worldwide supplier of commercial aircraft engines, aircraft and engine disassembly and part out, aviation asset management services, and the lease of commercial jet engines and is establishing a leadership position in the GE CF6 and CFMI CFM56-3 marketplace.

Republic Financial Corporation

Republic Financial Corporation & GA Telesis Announce Innovative CFM56-3 Engine Program for the Support of Major Customers in the Airline Industry

AURORA, CO March 27, 2003 –Republic Financial Corporation announces the acquisition of CFM56-3 engines, which it will remarket in a program with GA Telesis Turbine Technologies.

"This collaboration to offer CFM56-3 engines for sale, lease, exchange and part out will be a significant step in providing independent support to the aftermarket for CFM56-3 engines and engine parts," said Abdol Moabery, President and CEO of GA Telesis. "This program will reduce our customers’ costs with respect to the maintenance and repair of CFM56 engines.” 

"The resources and experience of GA Telesis Turbine Technologies were key factors in choosing them to work with Republic Financial Corporation in this program,” said Ian Massey, President of Republic Financial Corporation’s Aircraft and Portfolio Group.   

Republic Financial Corporation, located in Aurora, Colorado, is a privately held investment company specializing in aircraft, equipment leasing portfolios, structured finance transactions, and distressed commercial debt, with current investments in assets worth over $800 million. 

GA Telesis, based in Opa Locka, Florida, is a worldwide supplier of commercial aircraft engines, aircraft and engine disassembly and part out, aviation asset management services, and the lease of commercial jet engines and is establishing a leadership position in the GE CF6 and CFMI CFM56-3 marketplace.

December 15, 2002 - GA Telesis nears ISO 9001/2000

Miami, FL - GA Telesis Turbine Technologies, LLC along with Magellan Air announced their receipt of a $42 million consignment from Bank of America.  The inventory previously belonged to Aviation Systems International (ASI) and was seized by its senior secured lender Bank of America upon ASI’s filing for bankruptcy protection.  The inventory consists of aircraft, engines, aircraft parts, engine parts, avionics and instrumentation related to Airbus, Boeing and Douglas aircraft.

“We are pleased with our ever growing relationship with Bank of America,” said Andrew W. Toutt, Executive Vice President of GA Telesis.  Furthermore, The ASI inventory will allow GA Telesis to broaden its capabilities and better serve our global customer base.”  

GA Telesis is a world leader in the supply of commercial engines, aircraft, parts and asset management services.  Its principal businesses include lease finance of commercial jet engines, purchasing, overhauling (through subcontractors), and reselling of aircraft parts, aircraft engines and engine parts. Headquartered in Opa Locka, FL,  GA Telesis specializes in providing: engines and engine parts for large turbo fan engines manufactured by International Aero Engine, CFM International, General Electric, Pratt & Whitney and Rolls Royce,  GA Telesis also specializes in aircraft parts and turbojet engines and engine parts for large transport aircraft; and aircraft components including Flight surfaces, general avionics, instruments, electrical and mechanical equipment and radar and navigation equipment for Airbus, Boeing, and Douglas Aircraft .

Miami, FL - GA Telesis Turbine Technologies, LLC announced the sale of two MD81 (ex-US Airways) airframes.  The first MD81 was sold to Turboanalysis, Inc. (AZ) and the second to DASI, Inc. (Miami, FL).  Both companies purchased the airframes for dismantling and parts redistribution.

GA Telesis is a world leader in the supply of commercial engines, aircraft, parts and asset management services.  Its principal businesses include lease finance of commercial jet engines, purchasing, overhauling (through subcontractors), and reselling of aircraft parts, aircraft engines and engine parts. Headquartered in Opa Locka, FL, GA Telesis specializes in providing: engines and engine parts for large turbo fan engines manufactured by International Aero Engine, CFM International, General Electric, Pratt & Whitney and Rolls Royce.  GA Telesis also specializes in aircraft parts and turbojet engines and engine parts for large transport aircraft; and aircraft components including Flight surfaces, general avionics, instruments, electrical and mechanical equipment and radar and navigation equipment for Airbus, Boeing, and Douglas Aircraft .

Miami, FL - GA Telesis Turbine Technologies, LLC announced the acquisition of two DC10-30 passenger jets (MSN 47847 and 47848) from American Airlines. Stored at Avtel Services, Mojave, CA, “The aircraft were purchased speculatively.” said Abdol Moabery, President and CEO of GA Telesis Turbine Technologies.

GA Telesis is a world leader in the supply of commercial engines, aircraft, parts and asset management services. Its principal businesses include lease finance of commercial jet engines, purchasing, overhauling (through subcontractors), reselling of aircraft parts, aircraft engines and engine parts. Headquartered in Opa Locka, FL, GA Telesis specializes in providing: engines and engine parts for large turbo fan engines manufactured by International Aero Engine, CFM International, General Electric, Pratt & Whitney and Rolls Royce.  GA Telesis also specializes in aircraft parts and turbojet engines and engine parts for large transport aircraft; and aircraft components including Flight surfaces, general avionics, instruments, electrical and mechanical equipment and radar and navigation equipment for Airbus, Boeing, and Douglas Aircraft .

GA Telesis buys two ex-US Airways MD-81 aircraft from Focus

Focus Aviation, acting on behalf of Wells Fargo Equipment Finance, Banc One Leasing Corporation and Union Bank of California, is pleased to announce the sale of MD-81 aircraft serial numbers 48036 and 48052 to GA Telesis Turbine Technologies, a recently-formed jet engine leasing, trading and parts management company, based in Opa Locka, Florida, USA.

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