Company:AerSale

From HandWiki
AerSale, Inc.
TypePublic
NASDAQ: ASLE
IndustryAviation
Aerospace and defense
Founded2008
FoundersNicolas Finazzo and Robert B. Nichols
HeadquartersDoral, 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)
Websitewww.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.[2] AerSale is a member of the Aircraft Fleet Recycling Association.[3]

History

The company was founded in Coral Gables, Florida, in 2008. The two founders invested US$250 million in equity in January 2010.[4][5]

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.[6] 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.[7]

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.[8]


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.[9]

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.[11] On February 24, 2014, it received a U.S. Approval Certificate from the European Aviation Safety Agency (EASA).[12]

In December 2023, the FAA approved the AerAware headset device SKYLENS as part of an enhanced flight vision system.[13][14]

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.[15][which?]

In May 2010, AerSale acquired the assets of Great Southwest Aviation located at the Roswell International Air Center in Roswell, New Mexico.[16][17] In late 2010, AerSale acquired 19 Boeing 747-400 aircraft from Japan Airlines, representing two-thirds of the JAL fleet of 747-400s.[18] In 2012, AerSale acquired 25 of Saudi Airlines's McDonnell Douglas MD-90 aircraft.[19] 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.[20] In 2018, AMI was rebranded AerSale Component Solutions.[21][22]

In November 2018, AerSale acquired Avborne, located in Miami, Florida, to include overhaul capability for hydraulic, pneumatic, and landing gear.[23][24][25] In June 2019, AerSale acquired airframe parts specialist Qwest Air Parts to add scale to its offering of airframe used serviceable material.[26]

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.[27][28]

References

  1. ↑ 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. ↑ "Global Aviation Aftermarket Service Company | AerSale" (in es). https://www.aersale.com/. 
  3. ↑ AFRA Membership Directory
  4. ↑ "Leonard Green Backs AerSale". The Middle Market. http://www.themiddlemarket.com/news/Leonard-Green-Backs-AerSale-201894-1.html. Retrieved 26 December 2014. 
  5. ↑ "AerSale Holdings, Inc. Completes $250 Million Equity Raise With Leonard Green & Partners, L.P." (Press release). PRNewswire. January 13, 2010. Retrieved 26 December 2014.
  6. ↑ "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. 
  7. ↑ "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/. 
  8. ↑ ""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. 
  9. ↑ "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. 
  10. ↑ "Member Directory" (in en-US). https://www.aviationsuppliers.org/Member-Directory. 
  11. ↑ "AerSale AFRA Certificate". AFRA. http://www.aersale.com/Portals/0/Images/CertificatesMemberships/AFRA%20Certificate.pdf. Retrieved 31 December 2014. 
  12. ↑ "AerSale Wins EASA Certification", Official Airline Guide, March 31, 2014. .
  13. ↑ "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/. 
  14. ↑ "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. 
  15. ↑ "UPS DC-8s Bought?", Airliner World, February 5, 2010
  16. ↑ "AerSale Acquires Roswell's Great Southwest Aviation", Bizjournals, June 2, 2010
  17. ↑ "Governor Richardson Announces AerSale, Inc. Expands in New Mexico", Albuquerque Journal, June 3, 2010
  18. ↑ "JAL Sells Its Last 19 Boeing 747-400s to AerSale", World Airline News, October 10, 2010
  19. ↑ "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. 
  20. ↑ "AerSale Completes Acquisition of Aero Mechanical industries (AMI)", Global Newswire, July 2, 2015
  21. ↑ "Aero Mechanical Industries Rebrands as AerSale Component Solutions", Business Wire, April 5, 2018
  22. ↑ "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/. 
  23. ↑ "AerSale Dives Deeper Into Component Repair", MRO Network.com, November 29, 2018
  24. ↑ "AerSale Acquires Avborne", MRO Business Today, November 30, 2018
  25. ↑ "AerSale Acquires Avborne to Expand MRO Capabilities", Airline Economics, December 4, 2018
  26. ↑ "AerSale Acquires Qwest Air Parts", Yahoo Finance, June 25, 2019
  27. ↑ "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. 
  28. ↑ "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 / 41.987373; -87.981812

Template:Leonard Green



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:AerSale&oldid=4173993"