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Short description: Aviation Company
AerSale, Inc.
Aerospace & Defense
Foundedincorporated 2008
FoundersNicolas Finazzo & Robert B. Nichols
HeadquartersCoral Gables, Florida, U.S.
Area served
Key people
Nicolas Finazzo, (Chairman & CEO)
Robert B. Nichols, (Vice Chairman)
Martin Garmendia, (CFO)
Basil Barimo, (President-MRO Services)
Craig Wright, (President-Aircraft & Engine Management)
Iso Nezaj, (President-Engineered Solutions, CTO)
Gary Jones, (President-Materials Group)
Enrique Pizzi, (CIO)
Number of employees

AerSale, Inc. is a Coral Gables, Florida-based global supplier of aftermarket commercial jet aircraft, engines, Original Equipment Manufacturer (OEM) used serviceable material, maintenance, repair and overhaul (MRO), and aeronautical engineering services to passenger and cargo airlines, government entities, leasing companies, multinational OEMs, and independent MROs.[1]

General information

Founded in Coral Gables, Florida in 2008, AerSale employs approximately 500 people in 5 countries worldwide.

A private equityfirm and the two founders invested United States dollar 250 million in equity in January 2010.[2][3]

In July 2010, AerSale delivered a specially modified Boeing 737-400 aircraft to the National Nuclear Security Administration to fly depleted nuclear waste to disposal sites.[4] It has supplied low-cost, used, serviceable turbine blades to the Department of Defense for use on the Air Force's KC-135 Stratotanker aircraft, enabling the government to save US$36 million in a contract.[5]


AerSale's customers include passenger and cargo airlines, government entities, leasing companies, multinational OEMs and independent MROs.

Lines of business

AerSale operates three integrated lines of business: Aircraft & Engine Leasing; Material Sales; and Maintenance, Repair & Overhaul (MRO).

AerSale sells and leases engines and aircraft, both commercial passenger and cargo aircraft, to customers worldwide. It has purchased Boeing 737-300, Boeing 737-400, Boeing 737-500, Boeing 747-400, Boeing 757-200, and Boeing 767-300 passenger and freighter aircraft; Airbus A300-600R, Airbus A310-200, Airbus A320-200, and Airbus A330-300 passenger aircraft; and McDonnell Douglas MD-90 passenger and McDonnell Douglas DC-8-70 series freighter aircraft. These aircraft are powered by a variety of engines, including the CFM International CFM56, General Electric CF6-80C2, International Aero Engines V2500, Pratt & Whitney PW4000 and Rolls-Royce RB211.

The company is an aftermarket seller of OEM used serviceable material. This material comes from aircraft which have been dismantled and their parts recycled and refurbished for commercial use. Recycling of aircraft for their component parts has become a significant source of used serviceable material to the airline industry, as about 12,500 aircraft will reach their end of life over the next 25 years.[6] AerSale is a member of Aircraft Fleet Recycling Association, a not-for-profit industry group whose members maintain an environmentally friendly standard for aircraft recycling.[7]

AerSale's heavy airframe MRO business is performed primarily at its two FAA-approved Certified Repair Stations located at the Roswell International Air Center, Roswell, New Mexico and the Phoenix Goodyear Airport in Phoenix, Arizona. In November 2013, it completed a major maintenance check for NASA on its flying laboratory, a specially modified McDonnell Douglas DC-8-70 series aircraft.[8] In July 2015, AerSale acquired Aero Mechanical Industries, Inc., located in Rio Rancho, New Mexico, to expand its component overhaul services to include aero structures.[9]

Douglas DC-8 over Mint Canyon-California.jpg
Japan Airlines B747-446 (JA8914) in JAL's 2002 livery.jpg
HZ-APF landing in Geneva Airport.jpg


AerSale holds a number of regulatory and industry certifications. On March 12, 2010 the Aviation Suppliers Association certified AerSale's quality system to meet the requirements of ASA-100 and FAA Advisory Circular 00-56A.[10] On June 14, 2011 AerSale was certified by the Aircraft Fleet Recycling Association for maintaining "best management practices for disassembly of aircraft, powerplants, and other aerospace materials".[11] On February 24, 2014 it received a U.S. Approval Certificate from the European Aviation Safety Agency ("EASA").[12]


AerSale's first acquisition came in 2009 when it acquired 44 McDonnell Douglas DC-8-70 series aircraft from a major international logistics company.[13] The McDonnell Douglas DC-8-70 series aircraft is powered by the CFM56/F108 aircraft engine, variants of which power most of the world's airliners.

In May 2010, AerSale acquired the assets of Great Southwest Aviation located at the Roswell International Air Center in Roswell, New Mexico.[14][15]

In late 2010, AerSale acquired 19 Boeing 747-400 aircraft from Japan Airlines, representing two-thirds of the JAL fleet of 747-400s.[16]

In 2012, AerSale acquired 25 of Saudi Airlines' McDonnell Douglas MD-90 aircraft.[17] All of these aircraft have been dismantled in Roswell and recycled for their engines and component parts.

In July 2015 AerSale acquired Aero Mechanical Industries, Inc. (AMI), located in Rio Rancho, New Mexico, to expand its component overhaul services to include aero structures. AMI is a global provider of maintenance, repair and overhaul (MRO) of both metallic and composite airframe components and accessories including nacelles, inlet cowls, thrust reversers, and primary/secondary flight controls.[18] In 2018 AMI was rebranded AerSale Component Solutions.[19]

In November 2018, AerSale acquired Avborne, located in Miami, Florida, further expanding its component MRO platform to include overhaul capability for hydraulic, pneumatic, electrical, landing gear and other aircraft components.[20][21][22]

In June 2019, AerSale acquired airframe parts specialist Qwest Air Parts, Inc. to add scale to its offering of airframe used serviceable material (USM).[23]

AerSale Corp. and Monocle Acquisition Corporation announced their merger in December 2019, with an implied enterprise value of about $430 million. The deal was revised in September 2020, with a lower value of about $300 million. The combined company, named AerSale Corporation, began trading on Nasdaq under the ticker symbol “ASLE” in December 2020[24][25][26]


  1. "Global Aviation Aftermarket Service Company | AerSale" (in es). 
  2. "Leonard Green Backs AerSale". The Middle Market. Retrieved 26 December 2014. 
  3. "AerSale Holdings, Inc. Completes $250 Million Equity Raise With Leonard Green & Partners, L.P." (Press release). PRNewswire. Retrieved 26 December 2014.
  4. "Government Study - Federal Industry Leaders 2012". Bloomberg. Retrieved 24 December 2014. 
  5. "New fan blade contract saves Air Force millions" (in en-US). 
  6. ""Aircraft Recycling Best Practice and the Role of AFRA", Aircraft Technology Engineering & Maintenance, October 2009". 
  7. AFRA Membership Directory
  8. "NASA's DC-8 Flying Laroratory to Undergo Major Maintenance". NASA News. Retrieved 26 December 2014. 
  9. "Rio Rancho's Aero Mechanical Acquired by Florida Company," Bizjournals, July 16, 2015
  10. "Aviation Suppliers Association Member Directory"
  11. "AerSale AFRA Certificate". AFRA. Retrieved 31 December 2014. [yes|permanent dead link|dead link}}]
  12. "AerSale Wins EASA Certification", Official Airline Guide, March 31, 2014
  13. "UPS DC-8s Bought?", Airliner World, February 5, 2010
  14. "AerSale Acquires Roswell's Great Southwest Aviation", Bizjournals, June 2, 2010
  15. "Governor Richardson Announces AerSale, Inc. Expands in New Mexico", Albuquerque Journal, June 3, 2010
  16. "JAL Sells Its Last 19 Boeing 747-400s to AerSale", World Airline News, October 10, 2010
  17. "AerSale Buying 25 of Saudi Arabians MD-90s", Flight Global, April 12, 2012
  18. "AerSale Completes Acquisition of Aero Mechanical industries (AMI)", Global Newswire, July 2, 2015
  19. "Aero Mechanical Industries Rebrands as AerSale Component Solutions", Business Wire, April 5, 2018
  20. "AerSale Dives Deeper Into Component Repair", MRO, November 29, 2018
  21. "AerSale Acquires Avborne", MRO Business Today, November 30, 2018
  22. "AerSale Acquires Avborne to Expand MRO Capabilities", Airline Economics, December 4, 2018
  23. "AerSale Acquires Qwest Air Parts", Yahoo Finance, June 25, 2019
  24. "Monocle Acquisition and AerSale Announce Business Combination" (in en). (PR news wire). 
  25. "AerSale Corp. and Monocle Acquisition Corporation Announce Closing of Business Combination" (in es). 
  26. "Monocle Acquisition and AerSale Announce Revised Merger Agreement" (in en). 8 September 2020. 

[ ⚑ ] 41°59′15″N 87°58′55″W / 41.987373°N 87.981812°W / 41.987373; -87.981812