GA Telesis and Tokyo Century Corporation announced today the launch of a new technology engine financing initiative focusing on a select group of new technology jet engines. GA Telesis has been an industry leading 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 $1 billion (£0.76 Billion) new-technology engine transactions over the next 24 months.
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