GA Telesis Engine Services (Helsinki) and Unions Sign CLA Agreement

Author: gatelesis

GA Telesis Engine Services (Helsinki) and Unions Sign CLA Agreement

Helsinki, Finland – GA Telesis announced that it has reached and signed amended collective labor agreements (“CLA”) with all of the unions representing the Finnair Engines Services (“FES”) employees that will become part of the newly formed GA Telesis Engines Services (“GATES”) division in Helsinki, Finland. Terms are agreed for five (5) years.

Signing the CLA paves the way for GA Telesis to finalize the transition and conclude the transaction previously announced. Currently, FES operates a world-class organization that has third-party agreements for the repairing and overhauling of General Electric CF6-80C2, CFM International CFM56-5B and -5C, and Pratt & Whitney PW2000 jet engines. GATES is the only operation of its kind with direct trucking routes to the Russian and Eastern-European markets.

“We have always been impressed by the quality of the Finnair Engine Services team and thank them for their patience during the discussions with union leadership” commented Alvin Khoo, Chief Investment Officer.

“We are thankful for the support of our business plan, from the FES employees,” said Abdol Moabery, President and Chief Executive Officer of GA Telesis. We are also grateful for the assistance and guidance we have received from the Finnish government officials that helped us maintain momentum on this transaction,” he added.
GA Telesis is one of the world’s largest providers of products, financial services, and supply-chain solutions to the aerospace industry. A global leader, GA Telesis provides structured financial services to the global aviation investment community and airlines while it also has extensive aerospace replacement component sales, distribution, and maintenance operations throughout the United States, Canada, the United Kingdom, and China. GA Telesis provides asset management services specializing in commercial aircraft and jet engine leasing and trading with over USD $1 billion in assets under management. GA Telesis is uniquely positioned to provide its products and services directly to its customers from the Americas, Europe, and Asia. On October 18, 2012, Air China and GA Telesis formed Beijing Ji-an as a 50/50 joint venture based in Beijing, PRC. The joint-venture is the first, China-based, integrated aircraft trader/lessor of mid-aged used aircraft and will also introduce a full-scale aircraft disassembly and redistribution business covering the entire Asian market. The new world-class operations will commence full-scale operations from Beijing Capital International Airport.

GA Telesis is one of the world’s largest providers of products, financial services, and supply-chain solutions to the aerospace industry. A global leader, GA Telesis provides structured financial services to the global aviation investment community and airlines while it also has extensive aerospace replacement component sales, distribution and maintenance operations throughout the United States, Canada, the United Kingdom, and China. GA Telesis provides asset management services specializing in commercial aircraft and jet engine leasing and trading with over USD $1 billion in assets under management. GA Telesis is uniquely positioned to provide its products and services directly to its customers from the Americas, Europe, and Asia.