GA Telesis Announces Significant Capital Raise

    NEW YORK, June 15 /CNW/ - GA Telesis, LLC ("GAT"), today announced that
Global Principle Finance Company, LLC (GPFC), a wholly owned subsidiary of
Merrill Lynch & Co., Inc., has taken a minority stake in GAT for an
undisclosed sum. The investment is part of a larger capital raise of GAT which
includes new debt facilities to support its continued growth in aircraft and
jet engine ownership and leasing, parts re-distribution and other strategic
initiatives. The existing management team will remain with the company.

    Abdol Moabery, President & CEO of GA Telesis, LLC said: "GAT has built a
premier aviation business that is redefining industry standards. In recent
years, we have grown our parts and leasing businesses as well as broadened the
services we offer to our customers. We expect to continue this trend, and this
transaction provides additional capital that will support this growth and
product expansion."

    With this capital, GA Telesis is looking to acquire additional aircraft,
purchase aerospace related businesses and provide related financing solutions
to airlines, aircraft and engine manufacturers, MROs and leasing companies.

    About GAT

    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.

For further information:

For further information: GA Telesis, LLC, Fort Lauderdale, Fla. Nicole
VandenHeuvel, +1-954-676-3111

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GA Telesis, LLC

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