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Magnetic Leasing
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Magnetic Leasing Completes Sale of Airbus A321 to GA Telesis
Magnetic Leasing, provider of leasing and management services for mid to end-of-life narrowbody assets, and part of Magnetic Group, recently announced the closing of the sale of an Airbus A321-200 (MSN 1734) to GA Telesis.
Starting its life at Asiana Airlines and most recently flying for SmartLynx, the aircraft is set to be disassembled at Cotswold Airport (EGBP), contributing to the expansion of high-quality component inventory.
Alex Vella, CEO of Magnetic Leasing, welcomed GA Telesis as a new trading partner: “The GAT team was beyond efficient during the process and ultimately successful closing of this sale. We appreciate their support and look forward to a growing relationship with them in the future.”
“Acquiring this A321-200 for disassembly underscores our ongoing commitment to meeting the growing global demand for high-quality USM. GA Telesis is the undisputed leader in the USM supply chain, and this asset will further strengthen our ability to support our airline and MRO customers around the world. It was a pleasure working with the team at Magnetic Leasing to bring this transaction to a successful close, " said Jim Sokol, President, GA Telesis, Flight Solutions Group.
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