GA Innovation China Announces Disassembly of 737-700 Next Generation Aircraft

Author: gatelesis

Beijing, China – November 1, 2016 – GA Telesis announced that GA Innovation China, a joint venture between GA Telesis, LLC and Air China Ltd, has completed their second disassembly of a Boeing 737-700NG (Next Generation) series for Shenzhen Airlines. HAITE High Tech Co., LTD, has been contracted to provide the disassembly operations for GA Innovation China. This marks the second disassembly of a Boeing 737-700NG aircraft on behalf of Shenzhen Airlines.
GA Innovation China attained the contract for the disassembly of the aircraft through a successful bidding award. Parts from the disassembly will be redistributed exclusively by GAIC back to Shenzhen Airlines while the hull has been sold to a local firm in the region.

About Shenzhen Airlines

Shenzhen Airlines is an airline headquartered in Shenzhen Bao’an International Airport in Bao’an District, Shenzhen, Guangdong, China. It has been a member of Star Alliance since 2012, and is currently one of two Chinese airlines that are part of the global airline network. The carrier operates a total of 137 domestic airport pairs involving 58 Chinese airports, and nine international routes.

About GAIC

GA Innovation China is a joint venture between GA Telesis, LLC and Air China LTD. GA Innovation China is China’s first integrated asset management company that maximizes aircraft and jet engine values by using asset disassembly strategies. Founded in 2013 by its two market leading shareholders, GAIC is fast becoming a powerful resource for airlines and financial institutions in China. Since its inception, GA Innovation China has successfully dismantled six (6) Boeing aircraft in mainland China including Boeing 747-400, 767-300, 737-300 and 737-700 models.

About GA Telesis

GA Telesis is a worldwide leader in providing support services to the commercial and defense aerospace industries. With financial, supply-chain, component and heavy jet engine MRO businesses spanning the globe, GA Telesis is recognized as a pioneering leader in solutions-based services in its sector. As an innovator, GA Telesis is one of the few independent companies in the world capable of providing a total-support-solution to their customers from their front door with several fully integrated operations throughout North and Latin America, the Middle East, Europe and Asia. GA Telesis also provides leasing and asset management services and maintains an extensive portfolio of leased assets exceeding $1 billion in value.