GA Telesis Announces the Acquisition of One (1) Boeing 737-300 on Lease to airBaltic (MSN 27454)

Author: gatelesis

Ft. Lauderdale, FL- January 1, 2008 – GA Telesis, LLC (“GAT”), today announced that it has acquired one (1) Boeing 737-300 aircraft from International Transport Finance Ltd. The aircraft is currently on lease to airBaltic.

GA Telesis has fast become a global leader in the commercial aviation industry. Specializing in commercial aircraft and jet engine finance and leasing as well as maintaining one of the world’s largest replacement component distribution inventory networks, GA Telesis serves hundreds of airlines and aviation maintenance organizations worldwide with support for Airbus, Boeing, Bombardier, Douglas and Embraer aircraft and components as well as CFM International, General Electric, Honeywell, International Aero Engine, Pratt & Whitney and Rolls-Royce turbine jet engines and components.

AIR BALTIC CORPORATION (airBaltic) is a stock company that was established in 1995. Major shareholders include the Latvian state, with 52.6% of shares, and SAS AB, with 47.2% of shares. airBaltic operates direct flights out of two Baltic State capitals – Riga, Latvia, and Vilnius, Lithuania, as well as out of Liepaja, Latvia and in 2007, airBaltic carried over 2 million passengers. The airBaltic fleet currently consists of 23 aircraft – 2 Boeing 757-200, 10 Boeing 737-500s, 3 Boeing 737-300 and 8 Fokker-50s.

For further Information, please contact Nicole VandenHeuvel at +1-954-676-3111 or nvandenheuvel@gatelesis.com