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Articles from AerSale Corporation

AerSale Reports Third Quarter 2024 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the third quarter ended September 30, 2024. The Company’s revenue for the third quarter of 2024 was $82.7 million compared to $92.5 million in the third quarter of 2023. In the current period, the Company sold $22.6 million of flight equipment, compared to $44.8 million in the prior-year. Flight equipment sales in the third quarter of 2024 consisted of five engines and no aircraft compared to seven engines and a P2F converted Boeing 757 aircraft in the prior year period. Excluding flight equipment sales, revenue increased 26.0% year over year to $60.1 million, driven by strong commercial demand, improved feedstock and a supportive MRO environment which continued to drive volume. As a reminder to investors, the Company revenue is likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales and therefore, progress should be monitored based on MRO activity, asset purchases and related sales.
By AerSale Corporation · Via Business Wire · November 7, 2024
AerSale Announces Participation at the Jefferies Industrials Conference
AerSale Corporation (NASDAQASLE) (the “Company”), today announced that the Company’s Chief Financial Officer, Martin Garmendia, will present at the Jefferies Industrials Conference on Thursday, September 5, 2024 at 1:55 pm ET, as well as host investor meetings on both days of the conference.
By AerSale Corporation · Via Business Wire · August 28, 2024
AerSale Reports Second Quarter 2024 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the second quarter ended June 30, 2024. The Company’s revenue for the second quarter of 2024 was $77.1 million compared to $69.3 million in the second quarter of 2023. Revenue for the second quarter of 2024 included $17.9 million of flight equipment sales compared to $17.6 million of flight equipment sales in the prior-year period. Flight equipment sales in the second quarter of 2024 consisted of five engines compared to four engines and two unserviceable airframes in the prior year period. The increase in sales was primarily the result of higher volume of USM sold and strong MRO revenue amid a robust commercial backdrop. As a reminder to investors, the Company’s revenues are likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales and therefore, progress should be monitored based on MRO activity, asset purchases and related sales.
By AerSale Corporation · Via Business Wire · August 7, 2024
AerSale Announces Date for Second Quarter 2024 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · July 24, 2024
AerSale® Expands Footprint with New Location in Millington, TN
AerSale Corporation (NASDAQASLE) (the “Company”), a leading provider of aviation products and services, proudly announces the opening of its newest location in Millington, Tennessee, with its first aircraft induction. This strategic expansion marks a significant milestone in AerSale's commitment to serving its customers and enhancing its MRO capabilities to better support the global commercial aviation industry.
By AerSale Corporation · Via Business Wire · June 10, 2024
AerSale Reports First Quarter 2024 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the first quarter ended March 31, 2024. The Company’s revenue for the first quarter of 2024 was $90.5 million compared to $78.3 million in the first quarter of 2023. Revenue for the first quarter of 2024 included $38.6 million of flight equipment sales compared to $27.7 million of flight equipment sales in the prior-year period. Flight equipment sales in the first quarter of 2024 consisted of one aircraft and four engines, compared to two cargo aircraft (a 737 and 757), and one engine in the first quarter of 2023. Higher sales were primarily the result of the pacing of flight equipment sales, a higher volume of USM sold and strong MRO revenue amid a robust commercial backdrop. As a reminder to investors, the Company’s revenues are likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales and therefore, progress should be monitored based on MRO activity, asset purchases and related sales.
By AerSale Corporation · Via Business Wire · May 8, 2024
AerSale Announces Date for First Quarter 2024 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · April 24, 2024
U.S. Federal Magistrate Judge Recommends Invalidation of Jetaire Patents in Lawsuit Against AerSale
AerSale Corporation (Nasdaq: ASLE) (“AerSale”) announced a favorable recommendation by a U.S. Federal Magistrate Judge in AerSale’s lawsuit with Jetaire Aerospace, LLC, Jetaire Flight Systems, LLC (collectively “Jetaire”), and Jetaire’s owner Michael Williams, relating to AerSale’s AerSafe products that provide a means for mitigating the risk of a catastrophic fuel tank explosion on certain commercial aircraft, including Boeing 737-300/400/500, 737-600/700/800, 757- 200/300, 767-200/300 and 777-200/300, and the Airbus A319/320/321 family of aircraft.
By AerSale Corporation · Via Business Wire · April 19, 2024
AerSale Reports Fourth Quarter and Full Year 2023 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the fourth quarter and full year ended December 31, 2023.
By AerSale Corporation · Via Business Wire · March 7, 2024
AerSale Announces Date for Fourth Quarter and Full Year 2023 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the fourth quarter and full year ended December 31, 2023, on Thursday, March 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · February 7, 2024
AerSale Announces Pricing of Secondary Offering of Common Stock
AerSale Corporation (“AerSale”) (NASDAQASLE), a leading provider of aviation products and services, today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) by affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”). The shares will be offered by the underwriter from time to time for sale in one or more transactions on the Nasdaq Capital Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions. No shares are being issued or sold by AerSale. The Selling Stockholders will receive all of the proceeds from the Offering.
By AerSale Corporation · Via Business Wire · December 13, 2023
AerSale Announces Secondary Offering of Common Stock
AerSale Corporation (“AerSale”) (NASDAQASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering (the “Offering”) 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”). The underwriter intends to offer the shares from time to time for sale in one or more transactions on the Nasdaq Capital Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Selling Stockholders expect to grant the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions. No shares are being issued or sold by AerSale. The Selling Stockholders will receive all of the proceeds from the Offering.
By AerSale Corporation · Via Business Wire · December 13, 2023
AerSale® Receives Boeing 737NG Supplemental Type Certificate for its Enhanced Flight Vision System “AerAware™”
AerSale Corporation (NASDAQASLE) (“AerSale”, the "Company"), a leading provider of aviation products and services, announced today that the FAA has issued AerSale a Supplemental Type Certificate (STC) for “AerAware™”, the Company’s revolutionary Enhanced Flight Vision System (EFVS) for the Boeing B737NG product line.1 This achievement marks the world's first commercial EFVS system2 to achieve a 50% visual advantage (over unaided natural vision) and the first large transport aircraft to be certified with a complete dual-pilot EFVS solution featuring a Head-Wearable Display. AerSale developed the AerAware certification program under license with The Boeing Company, which included access to necessary technical services, maintenance, and engineering data.
By AerSale Corporation · Via Business Wire · December 6, 2023
AerSale® Announces Retirement of Co-Founder and Vice Chairman Robert Nichols with Continued Board Membership
AerSale® Corporation (NASDAQASLE) (the “Company”), a leading provider of aviation products and services, announced today that Robert “Bob” Nichols will be retiring from his role as Vice Chairman and President of Asset Management after fifteen years with AerSale, Inc. and many years of distinguished service within the aviation industry. Robert Nichols’ retirement will take effect on December 31, 2023, but he will continue to serve the Company as a dedicated member of the Board of Directors.
By AerSale Corporation · Via Business Wire · November 22, 2023
AerSale Reports Third Quarter 2023 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the third quarter ended September 30, 2023. The Company’s revenue for the third quarter of 2023 was $92.5 million compared to $51.0 million in the third quarter of 2022. Revenue for the third quarter of 2023 included $44.8 million of flight equipment sales compared to $2.7 million of flight equipment sales in the prior-year period. Flight equipment sales in the third quarter of 2023 consisted of seven engines and a P2F converted Boeing 757 aircraft, compared to two engines in the third quarter of 2022. This improvement was mainly the result of the pacing of flight equipment sales, which tend to occur at irregular intervals throughout the year evidenced by these fluctuations. As a reminder to investors, the Company’s revenues are likely to fluctuate from quarter-to-quarter and year-to-year due to the timing of flight equipment sales, and therefore progress should be monitored based on the volume of asset purchases and related sales.
By AerSale Corporation · Via Business Wire · November 8, 2023
AerSale’s Enhanced Flight Vision System “AerAware™” is First to Achieve 50% Visual Advantage
AerSale® Corporation (NASDAQASLE) (the “Company”), a leading provider of aviation products and services, is proud to announce a groundbreaking achievement in aviation safety and efficiency. The Company has successfully achieved a 50% visual advantage in low visibility operations over the naked eye for its AerAware™ Enhanced Flight Vision System (EFVS) on the Boeing B737NG aircraft, a first in commercial aviation1. AerSale developed AerAware under license with The Boeing Company which included access to necessary technical services, maintenance, and engineering data.
By AerSale Corporation · Via Business Wire · October 30, 2023
AerSale Provides Update on AerAware Certification Status
AerSale Corporation (NASDAQASLE) (the “Company”), a leading provider of aviation products and services, provided an update to the status of AerAware™ certification by the U.S. Federal Aviation Administration (FAA) today. The Company is nearing the conclusion of the FAA certification process of its Enhanced Flight Vision System “AerAware,” applicable to the Boeing 737NG and MAX aircraft.
By AerSale Corporation · Via Business Wire · October 4, 2023
AerSale Expands and Strengthens Engineered Solutions Leadership Team
AerSale Corporation (NASDAQASLE) (the “Company”), a leading provider of aviation products and services, announced today that it has expanded and strengthened its Engineered Solutions leadership team as the Company enhances its capabilities, allowing for scaling up production and R&D, particularly as AerSale nears the commercialization phase of AerAware™, its Enhanced Flight Vision System (EFVS).
By AerSale Corporation · Via Business Wire · August 30, 2023
AerSale® Successfully Completes Certification Flight Testing for the AerAware™ Enhanced Flight Vision System (EFVS)
AerSale Corporation (NASDAQASLE) (the “Company”), a leading provider of aviation products and services, announced today that it has successfully completed all certification flight testing for AerAware™, its Enhanced Flight Vision System (EFVS), in coordination with the U.S. Federal Aviation Administration (FAA).
By AerSale Corporation · Via Business Wire · August 21, 2023
AerSale Reports Second Quarter 2023 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the second quarter ended June 30, 2023. The Company’s revenue for the second quarter of 2023 was $69.3 million compared to $139.6 million in the second quarter of 2022. Revenue for the second quarter of 2023 included $13.3 million of flight equipment sales compared to $92.5 million of flight equipment sales in the prior-year period. Flight equipment sales in the second quarter of 2023 consisted of only four engines and no aircraft compared to three engines and three aircraft in the second quarter of 2022, which included two AerSale converted Boeing 757 freighter aircraft and a Boeing 747 Freighter. The decline in sales was primarily the result of the pacing of flight equipment sales, which tend to occur at irregular intervals throughout the year as evidenced by these fluctuations, which led to record first and second quarters in 2022. As a reminder to investors, the Company’s revenues are likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales and therefore, progress should be monitored based on asset purchases and related sales.
By AerSale Corporation · Via Business Wire · August 8, 2023
AerSale Announces Date for Second Quarter 2023 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the second quarter ended June 30, 2023, on Tuesday, August 8, 2023, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · July 25, 2023
AerSale Announces Pricing of Secondary Offering of Common Stock
AerSale Corporation (“AerSale” or the “Company”) (NASDAQASLE) today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) by certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,000,000 shares of common stock of AerSale, pursuant to a shelf registration statement on Form S-3 filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”). The shares will be offered by the underwriter from time to time for sale in one or more transactions on the Nasdaq Capital Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions. No shares are being issued or sold by AerSale. The Selling Stockholders will receive all of the proceeds from the Offering.
By AerSale Corporation · Via Business Wire · May 30, 2023
AerSale Announces Secondary Offering of Common Stock
AerSale Corporation (“AerSale”) (NASDAQASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering (the “Offering”) 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”). The underwriter intends to offer the shares from time to time for sale in one or more transactions on the Nasdaq Capital Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Selling Stockholders expect to grant the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions. No shares are being issued or sold by AerSale. The Selling Stockholders will receive all of the proceeds from the Offering.
By AerSale Corporation · Via Business Wire · May 30, 2023
AerSale Announces Participation at Stifel 2023 Cross Sector Insight and Wells Fargo 2023 Industrials Conferences
AerSale Corporation (NASDAQASLE) (the “Company”), today announced that members of its management team will present at the Stifel 2023 Cross Sector Insight Conference on Wednesday, June 7, 2023 at 3:35 pm ET and the Wells Fargo 2023 Industrials Conference on Tuesday, June 13, 2023 at 4:40 pm ET. The management team will also host investor meetings on both days at the respective conferences.
By AerSale Corporation · Via Business Wire · May 25, 2023
AerSale Reports First Quarter 2023 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the first quarter ended March 31, 2023. The Company’s revenue for the first quarter of 2023 was $78.3 million compared to $122.8 million in the first quarter of 2022. Revenue for the first quarter of 2023 included $27.7 million of flight equipment sales compared to $75.9 million of flight equipment sales in the prior-year period. Flight equipment sales in the first quarter of 2023 consisted of two cargo aircraft (a 737 and 757), one airframe, and one engine compared to six aircraft and four engines, which included five Boeing 757s, in the first quarter of 2022. Lower sales were mainly on account of the pacing of flight equipment sales, which tend to occur at irregular intervals throughout the year. As a reminder to investors, the Company’s revenues are likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales and therefore, progress should be monitored based on asset purchases and related sales.
By AerSale Corporation · Via Business Wire · May 9, 2023
AerSale Announces Date for First Quarter 2023 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the first quarter ended March 31, 2023, on Tuesday, May 9, 2023, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · April 24, 2023
AerSale Announces Appointment of Andrew Levy to its Board of Directors and Planned Retirement of Existing Members.
AerSale Corporation (Nasdaq: ASLE) (the “Company”) announced today that Andrew Levy, Founder, Chairman and CEO of Avelo Airlines was appointed to the Company’s board of directors on April 15, 2023. Mr. Levy is the Founder, Chairman and CEO of Avelo Airlines. He brings three decades of corporate and entrepreneurial experience in the aviation and telecommunications sectors to AerSale and has a proven track record of leading airlines to profitability from startup to scale. Prior to launching Avelo in April 2021, Mr. Levy was a Co-Founder and President at Allegiant Air and CFO at United Airlines. He has been a board member of Copa Airlines, the flag carrier of Panama, since 2016.
By AerSale Corporation · Via Business Wire · April 19, 2023
AerSale Reports Fourth Quarter and Full Year 2022 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the fourth quarter and full year ended December 31, 2022.
By AerSale Corporation · Via Business Wire · March 6, 2023
AerSale Announces Date for Fourth Quarter 2022 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the fourth quarter ended December 31, 2022, on Monday, March 6, 2023, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · February 21, 2023
AerSale Announces Participation at Cowen’s 44th Annual Aerospace, Defense & Industrials Conference
AerSale Corporation (NASDAQASLE) (the “Company”), today announced that members of its management team will present at Cowen’s 44th Annual Aerospace, Defense & Industrials conference in Arlington, Virginia on Wednesday, February 15, 2023 at 2:05 pm ET, as well as host investor meetings on the same day.
By AerSale Corporation · Via Business Wire · February 1, 2023
AerSale Announces Pricing of Secondary Offering of Common Stock and Concurrent Share Repurchase
AerSale Corporation (“AerSale” or the “Company”) (NASDAQASLE) today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) by certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,000,000 shares of common stock of AerSale at the public offering price of $15.50 per share, pursuant to a shelf registration statement on Form S-3 filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”). The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions. No shares are being issued or sold by AerSale. The Selling Stockholders will receive all of the proceeds from the Offering.
By AerSale Corporation · Via Business Wire · November 16, 2022
AerSale Announces Secondary Offering of Common Stock and Concurrent Share Repurchase
AerSale Corporation (“AerSale”) (NASDAQASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering (the “Offering”) 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”). The Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions. No shares are being issued or sold by AerSale. The Selling Stockholders will receive all of the proceeds from the Offering.
By AerSale Corporation · Via Business Wire · November 15, 2022
AerSale Reports Third Quarter 2022 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the third quarter ended September 30, 2022. The Company’s revenue for the third quarter of 2022 was $51.0 million compared to $73.3 million in the third quarter of 2021. Revenue for the third quarter of 2022 included $2.7 million of flight equipment sales versus $27.4 million of flight equipment sales in the prior-year period. Flight equipment sales in the third quarter of 2022 consisted of two engines compared to three aircraft and one engine in the third quarter of 2021. The pacing of flight equipment sales led to substantially lower revenue in the third quarter, primarily due to the sale of a B747 freighter which was planned to close in the third quarter, but was accelerated into the second quarter, plus a delay of the sale of the last AerSale passenger to freighter (P2F) converted B757 aircraft shifting to the beginning of the fourth quarter.
By AerSale Corporation · Via Business Wire · November 8, 2022
AerSale Announces Date for Third Quarter 2022 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the third quarter ended September 30, 2022, on Tuesday, November 8, 2022, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · October 25, 2022
AerSale Announces Pricing of Secondary Offering of Common Stock
AerSale Corporation (“AerSale” or the “Company”) (NASDAQASLE) today announced the pricing of the previously announced underwritten secondary offering by certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,250,000 shares of common stock of AerSale at the public offering price of $17.25 per share, pursuant to a shelf registration statement on Form S-3 filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”). The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 637,500 shares of common stock on the same terms and conditions. No shares are being sold by AerSale. The Selling Stockholders will receive all of the proceeds from this offering.
By AerSale Corporation · Via Business Wire · August 16, 2022
AerSale Announces Secondary Offering of Common Stock
AerSale Corporation (“AerSale”) (NASDAQASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering 4,250,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”). The Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 637,500 shares of common stock on the same terms and conditions. No shares are being sold by AerSale. The Selling Stockholders will receive all of the proceeds from this offering.
By AerSale Corporation · Via Business Wire · August 16, 2022
AerSale Reports Second Quarter 2022 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the second quarter ended June 30, 2022. The Company’s revenue for the second quarter of 2022 was $139.6 million compared to $91.9 million in the second quarter of 2021. Revenue for the second quarter of 2022 included $92.5 million of flight equipment sales versus $42.7 million of flight equipment sales in the prior-year period. Flight equipment sales in the second quarter of 2022 consisted of three aircraft and three engines, which included two Boeing 757 freighters converted by AerSale and the early delivery of one Boeing 747 freighter which closed at the end of the second quarter but was internally forecasted to close in the third quarter. Leasing revenue for the current quarter reflected increased utilization from the Company’s leased flight equipment compared to the year ago period. Revenue from Used Serviceable Material (USM) also improved compared to the same quarter last year due to an increase in demand and availability of feedstock.
By AerSale Corporation · Via Business Wire · August 8, 2022
AerSale Announces Participation at the Jefferies Industrials Conference
AerSale Corporation (NASDAQASLE) (the “Company”), today announced that the Company’s Chief Executive Officer, Nicolas Finazzo, will present at the Jefferies Industrials Conference in New York, NY on Wednesday, August 10, 2022 at 9:00 am ET, as well as host investor meetings on the same day.
By AerSale Corporation · Via Business Wire · July 27, 2022
AerSale Announces Date for Second Quarter 2022 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the second quarter ended June 30, 2022, on Monday, August 8, 2022, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · July 25, 2022
Lieutenant General, USAF (Ret.) and Industry Executive, Judith A. Fedder, Appointed to the Board of Directors of AerSale
AerSale Corporation (NASDAQASLE) (“the “Company”) announced today that Judith A. Fedder, Lieutenant General, USAF Retired, has been appointed to the Board of Directors of the Company, effective July 1, 2022.
By AerSale Corporation · Via Business Wire · July 8, 2022
AerSale Announces Participation at the Stifel 2022 Cross Sector Insight Conference
AerSale Corporation (NASDAQASLE) (the “Company”), today announced that the Company’s Chief Financial Officer, Martin Garmendia, will present at the Stifel 2022 Cross Sector Insight Conference on Tuesday, June 7, 2022 at 11:30 am ET, and will also host investor meetings on the same day.
By AerSale Corporation · Via Business Wire · May 26, 2022
AerSale Reports First Quarter 2022 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the first quarter ended March 31, 2022. The Company’s revenue for the first quarter of 2022 was $122.8 million compared to $58.4 million in the first quarter of 2021. Revenue for the first quarter of 2022 included $75.9 million of flight equipment sales versus $13.8 million of flight equipment sales in the prior-year period. Flight equipment sales in the first quarter of 2022 consisted of six aircraft and four engines, which included the sale of five Boeing 757 aircraft with four being sold to cargo operators and one to a passenger airline. Leasing revenue for the current quarter was also higher due to additional engines put on lease and increased utilization from the Company’s leased assets compared to the year ago period. Revenue from Used Serviceable Material (USM) also increased compared to the same quarter last year due to increase in demand and availability of feedstock.
By AerSale Corporation · Via Business Wire · May 9, 2022
AerSale Selects Bauer for Pneumatic Component MRO Expansion in Miami
AerSale Corporation (NASDAQASLE) (the “Company”), a leading independent provider of aviation products and services today announced the further expansion of component MRO capabilities for its AerSale Component Solutions (ACS) division with purchase of the latest in pneumatic system testing technology from Bauer, Inc. ACS specializes in MRO services covering: hydraulic, power-generation, fuel system, wheels & brakes, electro-mechanical, and pneumatic components in support of global aircraft operators and third-party MRO providers. AerSale’s aircraft heavy maintenance and asset management activities also rely on ACS to address the urgent component MRO requirements in support of AerSale’s broader customer audience.
By AerSale Corporation · Via Business Wire · April 25, 2022
AerSale Announces Participation at the Well Fargo 2022 Industrials Conference
AerSale Corporation (NASDAQASLE) (the “Company”), today announced that the Company’s Chief Financial Officer, Martin Garmendia, will present at the 2022 Wells Fargo Industrials Conference in New York, NY on Wednesday, May 4, 2022 at 11:20 am ET.
By AerSale Corporation · Via Business Wire · April 22, 2022
AerSale Announces Date for First Quarter 2022 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the first quarter ended March 31, 2022, on Monday, May 9, 2022, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · April 21, 2022
AerSale Reports Fourth Quarter and Full Year 2021 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the fourth quarter and full year ended December 31, 2021.
By AerSale Corporation · Via Business Wire · March 14, 2022
AerSale Reminds Investors of Cashless Redemption of Public Warrants
AerSale Corporation (Nasdaq: ASLE) (“AerSale” or the “Company”) today announced that as of December 14, 2021, approximately 13.5 million of the total approximately 17.25 million outstanding public warrants (“Public Warrants”) to purchase shares of AerSale’s common stock (the “Common Stock”) that were issued under the Warrant Agreement, dated as of February 6, 2019 (the “Warrant Agreement”), by and between the Company (f/k/a Monocle Acquisition Corporation), and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”), had been exercised since the Company’s announcement on November 29, 2021 of the cashless redemption of the Public Warrants.
By AerSale Corporation · Via Business Wire · December 15, 2021
AerSale Announces Cashless Redemption of Public Warrants
AerSale Corporation (Nasdaq: ASLE) (“AerSale” or the “Company”) today announced that the Company has elected to redeem, at 5:00 p.m. Eastern Time on December 29, 2021 (the “Redemption Date”), all of its public warrants (the “Public Warrants”) to purchase shares of AerSale’s common stock (the “Common Stock”) that were issued under the Warrant Agreement, dated as of February 6, 2019 (the “Warrant Agreement”), by and between the Company (f/k/a Monocle Acquisition Corporation), and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”), for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). The Public Warrants are listed on Nasdaq under the symbol “ASLEW.”
By AerSale Corporation · Via Business Wire · November 29, 2021
AerSale Reports Third Quarter 2021 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the third quarter ended September 30, 2021. The Company’s revenue for the third quarter was $73.3 million compared to $57.1 million in the third quarter of 2020. Revenue for the third quarter of 2021 included $27.4 million of flight equipment sales, and there were no flight equipment sales in the prior-year period.
By AerSale Corporation · Via Business Wire · November 9, 2021
AerSale Announces Date for Third Quarter 2021 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) announced today that it will release its earnings results for the third quarter ended September 30, 2021, on Tuesday, November 9, 2021, after the market closes. The company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · November 2, 2021
AerSale Reports Second Quarter 2021 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the second quarter ended June 30, 2021. The Company posted second quarter 2021 revenue of $91.9 million compared to $45.4 million in the second quarter of 2020. Revenue for the second quarter of 2021 included $42.7 million of flight equipment sales.
By AerSale Corporation · Via Business Wire · August 6, 2021
AerSale Announces Date for Second Quarter 2021 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) announced today that it will release its earnings results for the second quarter ended June 30, 2021, on Friday, August 6, 2021, before the market opens. The company will host a conference call on the same day at 8:30 am Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · July 30, 2021
AerSale Expected to Join Russell 2000® Index
AerSale Corporation (Nasdaq: ASLE) (the “Company”) is set to join the Russell 2000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, 2021.
By AerSale Corporation · Via Business Wire · June 23, 2021
AerSale Reports First Quarter 2021 Results
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the first quarter ended March 31, 2021.
By AerSale Corporation · Via Business Wire · May 7, 2021
AerSale Announces Date for First Quarter 2021 Earnings Release Conference Call
AerSale Corporation (NASDAQASLE) announced today that it will release its earnings results for the first quarter ended March 31, 2021, on Friday, May 7, 2021, before the market opens. The company will host a conference call on the same day at 8:30 am Eastern Time to discuss the results.
By AerSale Corporation · Via Business Wire · April 30, 2021