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AerSale, Inc.

Company type	Public
Traded as	Nasdaq:  ASLE
Industry	Aviation Aerospace & Defense
Founded	incorporated 2008
Founders	Nicolas Finazzo & Robert B. Nichols
Headquarters	Doral, Florida, U.S. [1]
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)
Number of employees	500+
Website	www.aersale.com

AerSale, Inc. is a Doral, Florida-based ^[1] global supplier of aftermarket commercial jet aircraft, engines, used serviceable materials, and aeronautical engineering services to passenger and cargo airlines, government entities, leasing companies, multinational OEMs, and independent MROs. ^[2]

History

Founded in Coral Gables, Florida in 2008, AerSale employs approximately 500 people in 5 countries worldwide.^{[ citation needed][ when?]}

A private equity firm and the two founders invested US$250 million in equity in January 2010. ^{[3] [4]}

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. ^[5] It 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. ^[6]

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. 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.^{[ citation needed]}

The company is an aftermarket seller of original equipment manufacturer ( 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. ^{[7][ relevant?]} 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. ^[8]

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.^{[ citation needed]}

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]

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. ^[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 for maintaining "best management practices for disassembly of aircraft, powerplants, and other aerospace materials". ^[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 a enhanced flight vision system. This mixed reality headset allows transport pilots better situational awareness, particularly in low visibility situations. ^{[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?]} 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.^{[ citation needed]}

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' McDonnell Douglas MD-90 aircraft. ^[20] All of these aircraft have been dismantled in Roswell and recycled for their engines and component parts.^{[ citation needed]}

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. ^[21]

In 2018, AMI was rebranded AerSale Component Solutions. ^{[22] [23]}

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. ^{[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 (USM). ^[27]

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. ^{[28] [29] [30]}

References

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