GA Telesis Engine Services Expands APAC Reach with South Korean AMO Approval and New MIAT CFM56-7B Contract

Rhea-AI Summary

GA Telesis Engine Services (NASDAQ:AIRT) announced on Dec 18, 2025 that it secured Republic of Korea AMO approval for CFM56-5B, CFM56-7B and CF6-80C2 engines and won an engine overhaul agreement with MIAT Mongolian Airlines for CFM56-7B engines. The AMO certification authorizes GATES to perform full engine overhaul services for South Korean operators, creating an independent MRO alternative to OEM-affiliated shops in the region. The MIAT contract expands GATES' APAC footprint and reinforces its technical credentials for CFM56 maintenance and turnaround support.

These developments signal regulatory compliance in South Korea and a new commercial win in Asia Pacific, without financial terms disclosed.

Positive

• AMO approval in South Korea for CFM56-5B, CFM56-7B, CF6-80C2 (Dec 18, 2025)
• New commercial contract: MIAT CFM56-7B overhaul agreement
• Provides South Korean carriers with first major independent MRO alternative

Negative

• No financial terms or revenue guidance disclosed for the MIAT contract
• AMO approval limited to three engine models; broader coverage not confirmed

Key Figures

Global locations 54 locations GA Telesis Ecosystem network footprint

Countries served 30 countries GA Telesis Ecosystem network coverage

Market Reality Check

$19.10 Last Close

Volume Volume 7,558 is 3.89x the 20-day average of 1,941, indicating elevated trading interest pre-news. high

Technical Shares at 19.04 are trading below the 200-day MA of 20.28, reflecting a weaker prior trend.

Peers on Argus

AIRT fell 5.7% while peers showed mixed moves (e.g., NNBR -0.83%, RCMT -2.66%, TUSK +1.06%, BOOM +0.32%, HHS flat), pointing to stock-specific dynamics rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 12	Quarterly results	Positive	+0.3%	Improved operating income and EPS despite lower revenues.
Nov 11	Acquisition update	Positive	-0.6%	Creditor support for Rex acquisition and expectation to close by year-end.
Oct 21	Acquisition agreement	Positive	-1.6%	Signing of deeds to acquire Regional Express Holdings, subject to approvals.
Aug 13	Earnings release	Positive	+2.2%	Q1 FY2026 revenue growth and improved operating income and EBITDA.
Aug 12	Corporate governance	Neutral	-0.5%	Announcement of 2025 Annual Meeting logistics and webcast access.

Pattern Detected

Recent news and earnings have typically produced modest price moves, with some divergence on Rex acquisition updates.

Recent Company History

Over the last several months, Air T reported Q1 and Q2 FY2026 results showing improving profitability despite mixed revenue trends, with price reactions within about ±2%. The company also pursued the acquisition of Regional Express Holdings (Rex), with creditor support but share price dips following those announcements. Routine corporate items like the annual meeting webcast produced minor moves. Against this backdrop, today’s operational growth news at GA Telesis’ engine services subsidiary adds to the broader strategy of expanding aviation-related platforms.

Market Pulse Summary

This announcement underscores GA Telesis Engine Services’ growth within Air T’s portfolio, adding South Korean AMO certification for key engine types and securing an MIAT CFM56-7B maintenance agreement. These steps broaden APAC reach and reinforce independent MRO positioning. In context of recent earnings improvements and the pending Rex acquisition, investors may watch how incremental engine service wins translate into segment revenues, margins, and long-term fleet support relationships.

Key Terms

mro technical

"the engine maintenance, repair, and overhaul ("MRO") subsidiary of GA"

MRO stands for Maintenance, Repair, and Operations, referring to the supplies and services companies provide to keep machinery, buildings, and infrastructure functioning smoothly. These essentials are vital for ongoing business activities, much like routine car maintenance keeps a vehicle running reliably. Investors pay attention to MRO companies because their performance reflects the health of industries that rely heavily on regular upkeep and support services.

approved maintenance organization regulatory

"secured its Approved Maintenance Organization ("AMO") certification from the"

An approved maintenance organization is a company officially certified by aviation regulators to perform inspections, repairs and sign-offs that keep aircraft legally airworthy. For investors, this matters because such approval is a gatekeeper for revenue and contracts with airlines and lessors, signals compliance with safety rules, and reduces operational and legal risk—think of it as a certified repair shop that a fleet must use to stay allowed to fly.

original equipment manufacturer technical

"segment long dominated by Original Equipment Manufacturer ("OEM") affiliated"

An original equipment manufacturer (OEM) is a company that designs and builds parts or complete products that other firms sell under their own brand name, like a bakery making cakes that coffee shops rebrand and sell. Investors care because OEMs often win steady, long-term contracts, predictable production volumes and thin but scalable profit margins, so changes in their order book or supply chain can signal future revenue and risk for both the OEM and the brands that rely on it.

AI-generated analysis. Not financial advice.

HELSINKI, Dec. 18, 2025 /PRNewswire/ -- GA Telesis Engine Services ("GATES"), the engine maintenance, repair, and overhaul ("MRO") subsidiary of GA Telesis LLC, announces two strategic milestones that materially expand its global presence and reinforce its position as a premier independent engine maintenance provider.

GATES has secured its Approved Maintenance Organization ("AMO") certification from the Republic of Korea's Ministry of Land, Infrastructure, and Transport for the CFM56-5B, CFM56-7B, and CF6-80C2 engine models. This regulatory achievement grants GATES full authority to perform engine overhaul services for South Korean carriers, a market with a sizable and growing installed base of these engines. It also gives operators in the region their first meaningful independent MRO alternative in a segment long dominated by Original Equipment Manufacturer ("OEM") affiliated shops. The approval increases competitive pressure, delivers measurable cost advantages for airlines, and enhances fleet reliability. It also signals that GATES meets the most rigorous international regulatory and quality requirements.

"This approval reflects our ongoing investment to support GA Telesis' customers in the APAC region," said Gunnar Mar Sigurfinnsson, President of GATES. "We look forward to supporting South Korean operators with industry-leading turnaround times, deep technical expertise, lower maintenance costs, and a customer-first approach."

GATES has also been awarded an engine maintenance agreement with MIAT Mongolian Airlines for the overhaul of its CFM56-7B engines. This new award accelerates the company's momentum across the Asia Pacific region and confirms the rising confidence placed in GATES for technical precision and operational reliability.

"GATES has built a strong reputation for quality and reliability in CFM56 engine maintenance," said Gantulga Baasanjav, Chief Operating Officer and Chief Pilot of MIAT. "Partnering with GATES supports MIAT's commitment to strong operational availability and ensures our engines return to service with performance levels that meet the highest standards. This agreement is an important advancement in our long-term fleet support strategy."

"We are honored to support MIAT's CFM56-7B fleet," said Avinash Singh, Vice President of Sales for Asia Pacific and the Middle East and Africa. "Our team is committed to delivering high-quality overhaul services that strengthen engine performance and safeguard operational readiness across MIAT's expanding network."

These combined achievements provide clear evidence that GATES is rapidly advancing as a preferred global partner for airlines seeking independent, high-quality engine maintenance solutions supported by rigorous compliance, technical depth, and proven operational results.

About GA Telesis

GA Telesis, a global leader in aerospace solutions, is renowned for its unmatched excellence in aftermarket services and lifecycle management. The GA Telesis Ecosystem™ is a vast global network spanning 54 locations in 30 countries on six continents. The company's integrated solutions include parts and distribution services, logistics solutions, inventory management, leasing and financing, engine overhaul, and MRO services.

GA Telesis is committed to sustainability through innovative sustainability initiatives and advanced technologies, including digital transformation, and using advanced materials. The company's aerospace systems and connected aircraft technologies drive efficiency and performance, while its MRO network and 24/7 AOG support provide unparalleled reliability.

About GA Telesis Engine Services Oy

GA Telesis Engine Services Oy, based in Helsinki, Finland, is a leading aircraft engine maintenance, repair, and overhaul (MRO) service provider. With a focus on quality, innovation, and sustainability, it delivers comprehensive solutions with its MRO capabilities for the GE CF6-80C2 and CFM56 family of engines. The Company has a rich history of enhancing the performance and longevity of aircraft and jet engines worldwide.

About Crestone Air Partners

Crestone Air Partners, Inc. (CAP) invests in commercial jet aircraft and the engines that power them on behalf of our capital partners. We are a full-service aviation asset management platform with a diverse portfolio of aircraft and engines leased to airlines globally. We target transactions in the secondary market, focusing on the last decade of the asset lifecycle. We take a collaborative approach with our clients by offering flexible lease terms tailored to our customers' requirements. Crestone brings unique value to transactions by drawing on the expertise and capabilities of interrelated aviation specialist subsidiary businesses across the Air T family (airframe material sales, landing gear leasing, engine material sales, disassembly, and aircraft storage). Crestone is headquartered in Denver, Colorado, and is a wholly owned business unit of Air T, Inc. holding company (NASDAQ: AIRT). Additional information can be found at: www.crestoneairpartners.com.

About MIAT Mongolian Airlines

MIAT Mongolian Airlines is the national flag carrier of Mongolia, operating from its hub at Chinggis Khaan International Airport in Ulaanbaatar. Established in 1956, MIAT operates a modern fleet serving key destinations across Asia and Europe, supporting Mongolia's connectivity and growing international travel demand.

For further information, please contact Rylan France at Rfrance@gatelesis.com

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SOURCE GA Telesis, LLC

FAQ

What did GA Telesis (AIRT) announce on December 18, 2025 regarding South Korea?

GA Telesis Engine Services announced it secured AMO approval from the Republic of Korea for CFM56-5B, CFM56-7B and CF6-80C2 engines.

Which engine models are covered by GA Telesis' new South Korea AMO approval (AIRT)?

The approval covers CFM56-5B, CFM56-7B, and CF6-80C2 engine models.

What contract did GA Telesis (AIRT) win with MIAT Mongolian Airlines?

GA Telesis was awarded an engine maintenance agreement to overhaul MIAT's CFM56-7B engines.

How does the South Korea AMO approval affect South Korean airlines and MRO competition?

The approval gives airlines an independent MRO alternative, increasing competition with OEM-affiliated shops and potentially lowering maintenance costs.

Are there financial details or revenue expectations disclosed for the MIAT agreement with AIRT?

No; the announcement did not disclose any financial terms or revenue forecasts for the MIAT contract.