GA Telesis Announces Significant Capital Raise

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.