Misplaced Pages

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages) This article contains promotional content. Please help improve it by removing promotional language and inappropriate external links, and by adding encyclopedic text written from a neutral point of view. (January 2015) (Learn how and when to remove this message) This article may have been created or edited in return for undisclosed payments, a violation of Misplaced Pages's terms of use. It may require cleanup to comply with Misplaced Pages's content policies, particularly neutral point of view. (April 2024) (Learn how and when to remove this message)

AerSale, Inc.

Company type	Public
Traded as	Nasdaq: ASLE
Industry	Aviation Aerospace and defense
Founded	2008
Founders	Nicolas Finazzo and Robert B. Nichols
Headquarters	Doral, Florida, U.S.
Area served	Worldwide
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)
Website	www.aersale.com

AerSale, Inc. is a Doral, Florida-based 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. AerSale is a member of the Aircraft Fleet Recycling Association.

History

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

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. 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.

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.

AerSale sells and leases engines and aircraft, both commercial passenger and cargo aircraft. 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.

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.

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. On June 14, 2011, AerSale was certified by the Aircraft Fleet Recycling Association. On February 24, 2014, it received a U.S. Approval Certificate from the European Aviation Safety Agency (EASA).

In December 2023, the FAA approved the AerAware headset device SKYLENS as part of a enhanced flight vision system.

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.

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

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

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.

References

1. ^ Julia Echikson (January 22, 2024). "AerSale Inks 36K-SF Deal to Move HQ to Doral". Commercial Observer.
2. "Global Aviation Aftermarket Service Company | AerSale". www.aersale.com (in Spanish). Retrieved April 10, 2023.
3. AFRA Membership Directory Archived December 26, 2014, at the Wayback Machine
4. "Leonard Green Backs AerSale". The Middle Market. Retrieved December 26, 2014.
5. "AerSale Holdings, Inc. Completes $250 Million Equity Raise With Leonard Green & Partners, L.P." (Press release). PRNewswire. Retrieved December 26, 2014.
6. "Government Study - Federal Industry Leaders 2012" (PDF). Bloomberg. Archived from the original (PDF) on December 26, 2014. Retrieved December 24, 2014.
7. "New fan blade contract saves Air Force millions". Air Force Materiel Command. Retrieved April 10, 2023.
8. ""Aircraft Recycling Best Practice and the Role of AFRA", Aircraft Technology Engineering & Maintenance, October 2009" (PDF). Archived from the original (PDF) on March 3, 2016. Retrieved December 26, 2014.
9. "NASA's DC-8 Flying Laroratory to Undergo Major Maintenance". NASA News. Retrieved December 26, 2014.
10. "Member Directory". Aviation Suppliers Association. Retrieved August 2, 2024.
11. "AerSale AFRA Certificate" (PDF). AFRA. Retrieved December 31, 2014.
12. "AerSale Wins EASA Certification", Official Airline Guide, March 31, 2014. Archived December 26, 2014, at the Wayback Machine.
13. "FAA Approves AerSale Mixed Reality Headset Allowing 737 Pilots To 'See' Through Clouds". AV Geekery. December 28, 2023.
14. "Supplemental Type Certificate" (PDF). United States of America Department of Transportation Federal Aviation Administration. December 6, 2023.
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". Flight Global. Retrieved August 2, 2024.
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.
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". www.prnewswire.com. PR Newswire. December 9, 2019. Retrieved December 29, 2023.
28. "Monocle Acquisition and AerSale Announce Revised Merger Agreement". AerSale Corporation. September 8, 2020.

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

• Aircraft engineering companies
• Aerospace companies of the United States
• Manufacturing companies established in 2008
• Manufacturing companies based in Florida
• American companies established in 2008
• 2010 mergers and acquisitions
• Engine manufacturers of the United States