AerSale

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 Wikipedia's terms of use. It may require cleanup to comply with Wikipedia'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.[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)
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.^[2] AerSale is a member of the Aircraft Fleet Recycling Association.^[3]

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]

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]

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.^{[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]

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 a enhanced flight vision system.^[13][14]

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]

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