Tokyo Century Corporation and All Nippon Airways Trading Company to acquire significant stake in GA Telesis and launch new engine leasing JV

GA Telesis current shareholder Tokyo Century Corporation (Tokyo Century) along with All Nippon Airways Trading Company (ANATC – a subsidiary of ANA Holdings), have collectively entered into a definitive agreement to acquire all shares held by Global Principal Finance Company (GPFC), which is a subsidiary of Bank of America. Tokyo Century’s ownership after the closing of the transaction will increase to 49.2% and ANATC will acquire a 10% interest in GA Telesis. Tokyo Century and ANATC expect the transaction to close in October 2018. Separately, GA Telesis, Tokyo Century and ANATC have reached an in-principle agreement to form a commercial