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GA Telesis launches aircraft finance business

Aircraft debt arm will provide senior, mezzanine and unitranche aviation finance.

US-based aviation services company GA Telesis has launched a debt business to provide secure aircraft finance for investors, lessors and airlines.

GA Telesis has hired two credit specialists to run its Leveraged Finance Group (LFG), David Lloyd and Nolan Heske, who both join as managing directors and will be responsible the development and growth of the group.

Before joining GA Telesis, the pair co-founded Air Funding in 2016 to provide an alternative source of lending for commercial aircraft.

Lloyd also spent 12 years at Carlson Capital as head of credit for airlines & aerospace. Heske was a managing partner at Jefferies for seven years where he was responsible for trading, sourcing and placing aviation-related securities, loans and bonds.

LFG will focus on providing secured aircraft financing for both new and mid-life aircraft though senior debt, mezzanine and unitranche structures.

With GA Telesis, LFG forms part of the Leasing, Trading & Investments Group, which includes aircraft leasing and its capital management capabilities, including its GAIN Fund.

Marc Cho, chief investment officer at GA Telesis, said: “LFG is the latest implementation of our strategy to utilize GAT’s extensive industry expertise, comprehensive technical capabilities and world class execution to expand our platform as a unique integrated aviation solutions and service provider.”