LONDON – GA Telesis, LLC has announced the delivery of three A320 aircraft on long-term lease to Latvia’s SmartLynx Airlines. The aircraft are part of the GA Telesis-owned fleet and were delivered to SmartLynx throughout 2022.
GA Telesis’ Leasing, Investment, Financing & Trading (“LIFT”) Group has continued on a steep growth trajectory by purchasing quality assets, investing in maintenance, and placing on a long-term lease.
These aircraft were purchased over the last 18 months and will assist SmartLynx in continuing to provide top-tier ACMI and charter services for their established customer base.
“GA Telesis is pleased to be part of the SmartLynx success story,” commented Marc Cho, Chief Investment Officer and President of LIFT.
“SmartLynx has established itself as a global leader in the ACMI market over the last number of years. Their growing fleet of passenger and freighter aircraft will ensure they are well positioned to continue to serve their customers’ needs with high-quality operating assets,” he concluded.
“We are very pleased to continue to execute on our growth plans with the addition of these three A320s,” responded Zygimantas Surintas, CEO, SmartLynx.
About GA Telesis
GA Telesis is the leading provider of integrated services in the commercial aviation industry. Through the GA Telesis Ecosystem, the Company is distinctly positioned, across six continents, to leverage its resources to create innovative solutions for its customers.
Its global operations encompass Component Solutions, Leasing/Financing, Logistics Solutions, and MRO Services business units for landing gear, component/composite, and turbine engine repair.
LIFT is GA Telesis’ multi-strategy aviation platform comprised of three operating groups: Asset Transactions (ATG), Capital Management (CMG), and Leveraged Finance (LFG). LIFT specializes in aircraft and engine leasing and trading, asset-based finance, structured credit, investment management, asset management, and remarketing.
About SmartLynx Airlines
SmartLynx Airlines Limited, previously LatCharter, is a charter airline based in Mārupe, Latvia, operating flights on wet lease out, holiday charter flights, and ad hoc passenger charter flights across Europe, Africa and Asia. In 2022 SmartLynx Airlines celebrated its 30th anniversary.
SmartLynx Airlines currently operates a fleet of 42 aircraft and holds Latvian, Estonian, and Maltese Air Operator Certificates (AOCs).
Operating a carefully-customized business strategy, the Latvia SmartLynx fleet is expected to reach fleet size up to 60 aircraft by the end of 2022, with further growth expected beyond.
Following on the back of expansions into the air cargo market in 2020, SmartLynx is using the most advanced and environmentally efficient aircraft on the market, the Airbus A321-200.
Addressing another sector of the aviation industry, SmartLynx Training Centre is an acknowledged supplier of airline training solutions in the Baltic States, providing type rating courses across the Airbus A320 series of aircraft.
