GA Telesis Acquires Finnair Engine Services
GA Telesis and Finnair have entered into an agreement in which GA Telesis has acquired part of Finnair Engine Services and will employ 80 engine-service professionals from Finnair’s existing workforce. The deal comprises the sale of assets and transfer of personnel to GA Telesis Engine Services (Gates). Gates has simultaneously entered into a long-term lease of all of the engine maintenance and test cell facilities from Finnair. “The strategy is to build upon existing engine operations coupled with GA Telesis’ competitive strength in material solutions,” said Gates president Basil Papayoti.