Company:AerSale
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| Type | Public |
|---|---|
| NASDAQ: ASLE | |
| Industry | Aviation Aerospace and defense |
| Founded | 2008 |
| Founders | Nicolas Finazzo and Robert B. Nichols |
| Headquarters | Doral, Florida, U.S.[1] |
Area served | Worldwide |
Key people | Nicolas Finazzo (Chairman & CEO) Martin Garmendia (CFO) Ben Tschirhart (Head of Engineered Solutions) Craig Wright (Head of Aircraft & Engine Management) Iso Nezaj (Chief Product Development Officer) Gary Jones (Head of Materials Group & COO) Enrique Pizzi (CIO) |
| Revenue |  US$335 million (2025)[2] |
 US$8.57 million (2025)[2] | |
| Website | www.aersale.com |
AerSale, Inc. is a Doral, Florida-based[1] global supplier of aftermarket commercial jet aircraft, engines, used materials, and aeronautical engineering services to passenger and cargo airlines, government, multinational original equipment manufacturers, and independent MROs.[3] AerSale is a member of the Aircraft Fleet Recycling Association.[4]
History
The company was founded in Coral Gables, Florida, in 2008. The two founders invested US$250 million in equity in January 2010.[5][6]
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.[7] It supplied low-cost, used turbine blades to the Department of Defense for use on the Air Force's KC-135 Stratotanker aircraft; it saved the government US$36 million.[8]
Lines of business
AerSale operates three integrated lines of business: Aircraft & Engine Leasing; Material Sales; and Maintenance, Repair & Overhaul (MRO). The company is an aftermarket seller of original equipment manufacturers (OEM) used serviceable material.[9]
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.[10]
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.[11] On June 14, 2011, AerSale was certified by the Aircraft Fleet Recycling Association.[12] On February 24, 2014, it received a U.S. Approval Certificate from the European Aviation Safety Agency (EASA).[13]
In December 2023, the FAA approved the AerAware headset device SKYLENS as part of an enhanced flight vision system.[14][15]
Acquisitions
AerSale's first acquisition came in 2009 when it acquired 44 McDonnell Douglas DC-8-70 series aircraft from a major international logistics company.[16][which?]
In May 2010, AerSale acquired the assets of Great Southwest Aviation located at the Roswell International Air Center in Roswell, New Mexico.[17][18] In late 2010, AerSale acquired 19 Boeing 747-400 aircraft from Japan Airlines, representing two-thirds of the JAL fleet of 747-400s.[19] In 2012, AerSale acquired 25 of Saudi Airlines's McDonnell Douglas MD-90 aircraft.[20] 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.[21] In 2018, AMI was rebranded AerSale Component Solutions.[22][23]
In November 2018, AerSale acquired Avborne, located in Miami, Florida, to include overhaul capability for hydraulic, pneumatic, and landing gear.[24][25][26] In June 2019, AerSale acquired airframe parts specialist Qwest Air Parts to add scale to its offering of airframe used serviceable material.[27]
AerSale Corp. and Monocle Acquisition Corporation announced their merger in December 2019, with an implied enterprise value of about US$430 million. The deal was revised in September 2020, with a lower value of about US$300 million. The combined company, named AerSale Corporation, began trading on Nasdaq under the ticker symbol "ASLE" in December 2020.[28][29]
References
- ↑ 1.0 1.1 Julia Echikson (January 22, 2024). "AerSale Inks 36K-SF Deal to Move HQ to Doral". Commercial Observer. https://commercialobserver.com/2024/01/aersale-doral-costa-office-park/.
- ↑ 2.0 2.1 "AerSale, Inc. Form 10-K for the fiscal year ended December 31, 2025". U.S. Securities and Exchange Commission. 2026-03-10. https://www.sec.gov/Archives/edgar/data/1754170/000110465926025574/asle-20251231x10k.htm.
- ↑ "Global Aviation Aftermarket Service Company | AerSale" (in es). https://www.aersale.com/.
- ↑ AFRA Membership Directory
- ↑ "Leonard Green Backs AerSale". The Middle Market. http://www.themiddlemarket.com/news/Leonard-Green-Backs-AerSale-201894-1.html. Retrieved 26 December 2014.
- ↑ "AerSale Holdings, Inc. Completes $250 Million Equity Raise With Leonard Green & Partners, L.P." (Press release). PRNewswire. January 13, 2010. Retrieved 26 December 2014.
- ↑ "Government Study - Federal Industry Leaders 2012". Bloomberg. http://about.bgov.com/bgov200/content/uploads/sites/6/2014/03/bgov200_study_2012.pdf. Retrieved 24 December 2014.
- ↑ "New fan blade contract saves Air Force millions" (in en-US). https://www.afmc.af.mil/News/Article-Display/Article/153717/new-fan-blade-contract-saves-air-force-millions/https://www.afmc.af.mil/News/Article-Display/Article/153717/new-fan-blade-contract-saves-air-force-millions/.
- ↑ ""Aircraft Recycling Best Practice and the Role of AFRA", Aircraft Technology Engineering & Maintenance, October 2009". http://www.afraassociation.org/NewsDocs/09_OctNov_ATE_M.pdf.
- ↑ "NASA's DC-8 Flying Laroratory to Undergo Major Maintenance". NASA News. http://www.nasa.gov/centers/dryden/Features/DC-8_lump.html#.VJ1EHrgBus. Retrieved 26 December 2014.
- ↑ "Member Directory" (in en-US). https://www.aviationsuppliers.org/Member-Directory.
- ↑ "AerSale AFRA Certificate". AFRA. http://www.aersale.com/Portals/0/Images/CertificatesMemberships/AFRA%20Certificate.pdf. Retrieved 31 December 2014.
- ↑ "AerSale Wins EASA Certification", Official Airline Guide, March 31, 2014. .
- ↑ "FAA Approves AerSale Mixed Reality Headset Allowing 737 Pilots To 'See' Through Clouds". AV Geekery. December 28, 2023. https://avgeekery.com/aersale-skylens-head-wearable-display/.
- ↑ "Supplemental Type Certificate". United States of America Department of Transportation Federal Aviation Administration. December 6, 2023. https://info.aersale.com/hubfs/16454STC.231206.pdf?hsCtaTracking=57676b7a-26f6-492e-9104-7f3537b1ade0%7C2e831513-3339-43b4-8cf7-e45162ea1b84.
- ↑ "UPS DC-8s Bought?", Airliner World, February 5, 2010
- ↑ "AerSale Acquires Roswell's Great Southwest Aviation", Bizjournals, June 2, 2010
- ↑ "Governor Richardson Announces AerSale, Inc. Expands in New Mexico", Albuquerque Journal, June 3, 2010
- ↑ "JAL Sells Its Last 19 Boeing 747-400s to AerSale", World Airline News, October 10, 2010
- ↑ "AerSale buying 25 of Saudi Arabian's MD-90s" (in en). https://www.flightglobal.com/aersale-buying-25-of-saudi-arabians-md-90s/104893.article.
- ↑ "AerSale Completes Acquisition of Aero Mechanical industries (AMI)", Global Newswire, July 2, 2015
- ↑ "Aero Mechanical Industries Rebrands as AerSale Component Solutions", Business Wire, April 5, 2018
- ↑ "Aero Mechanical Industries re-brands as AerSale Component Solutions". AviTrader. April 8, 2018. https://avitrader.com/2018/04/08/aero-mechanical-industries-re-brands-as-aersale-component-solutions/.
- ↑ "AerSale Dives Deeper Into Component Repair", MRO Network.com, November 29, 2018
- ↑ "AerSale Acquires Avborne", MRO Business Today, November 30, 2018
- ↑ "AerSale Acquires Avborne to Expand MRO Capabilities", Airline Economics, December 4, 2018
- ↑ "AerSale Acquires Qwest Air Parts", Yahoo Finance, June 25, 2019
- ↑ "Monocle Acquisition and AerSale Announce Business Combination" (in en). www.prnewswire.com (PR Newswire). December 9, 2019. https://www.prnewswire.com/news-releases/monocle-acquisition-and-aersale-announce-business-combination-300971191.html.
- ↑ "Monocle Acquisition and AerSale Announce Revised Merger Agreement" (in en). 8 September 2020. https://ir.aersale.com/news-events/press-releases/detail/7/monocle-acquisition-and-aersale-announce-revised-merger.
[ ⚑ ] 41°59′15″N 87°58′55″W / 41.987373°N 87.981812°W
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