AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps). The Asset Management Solutions segment engages in the sale and lease of aircraft, engines, and airframes, as well as disassembly of these assets for component parts. The TechOps segment provides internal and third-party aviation services, including internally developed engineered solutions, heavy aircraft maintenance and modification, and component MRO, as well as storage and disassembly services. This segment also provides aircraft modifications, cargo/tanker conversions of aircraft, and aircraft storage; and MRO services for landing gear, thrust reversers, hydraulic systems, and other aircraft components. The company was founded in 2008 and is headquartered in Coral Gables, Florida.
IPO Year: 2019
Exchange: NASDAQ
Website: aersale.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2023 | $20.00 → $15.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 12/2/2022 | $19.00 | Buy | Truist |
| 11/30/2022 | $21.00 | Outperform | RBC Capital Mkts |
| 9/1/2022 | $23.00 | Buy | Stifel |
First Quarter 2025 Highlights Revenue of $65.8 million versus $90.5 million in the prior year period. Excluding flight equipment sales, revenue increased 23.4% to $64.0 million. GAAP net loss of $5.3 million versus GAAP net income of $6.3 million in the prior year period. Adjusted net loss1 of $2.7 million versus adjusted net income of $5.5 million in the prior year period. Adjusted EBITDA1 of $3.2 million versus $9.0 million in the prior year period. One engine was sold in the first quarter of 2025, compared to one aircraft and four engines in the prior year period. Feedstock acquisitions of $43.4 million and an additional $23.8 million under contract. Available inventory of
AerSale Corporation (NASDAQ:ASLE) (the "Company"), a leading provider of aviation products and services, announced today that it will release its earnings results for the first quarter ended March 31, 2025, on Wednesday, May 7, 2025, 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. Participants may access the call at 1-844-676-3010, international callers may use 1-412-634-6873, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until May
AerSale Corporation (NASDAQ:ASLE) (the "Company"), a leading provider of aviation products and services, today announced the appointment of Carol DiBattiste and Thomas Mitchell to its Board of Directors. Ms. DiBattiste will fill the vacancy created by the departure of Jonathan Seiffer on March 14, 2025, while Mr. Mitchell joins as an additional Board member. Carol DiBattiste has a distinguished record of government service, having served as Honorable Under Secretary of the U.S. Air Force (DOD), Deputy Administrator of the Transportation Security Administration (TSA, DHS), Deputy U.S. Attorney for the Southern District of Florida, Director of the Executive Office for United States Attorneys
AerSale Corporation (NASDAQ:ASLE) (the "Company" or "AerSale"), a leading provider of aviation products and services, announced today that it entered into a definitive agreement to repurchase approximately 6.428 million shares of stock from its long-term private equity sponsor Leonard Green & Partners, L.P., at a negotiated price of $7.00 per share. Following the close of the transaction, the Company expects its outstanding share count to be reduced by approximately 12% and the transaction is expected to close on or around March 18, 2025. Concurrent with the announced stock transaction, the Company also announced that Jonathan Seiffer will step down from the Board of Directors, effective i
Fourth Quarter 2024 Highlights Revenue of $94.7 million versus $94.4 million in the prior year GAAP net income of $2.7 million versus GAAP net loss of $2.7 million in the prior year Adjusted net income1 of $4.8 million versus adjusted net loss of $0.1 million in the prior year Adjusted EBITDA1 of $13.0 million versus $6.0 million in the prior year Flight equipment sales consisted of six engines compared to five engines and one aircraft in the prior year Feedstock acquisitions of $18.4 million in the quarter 2024 Full Year Highlights Revenue of $345.1 million versus $334.5 million in the prior year GAAP net income of $5.9 million versus GAAP net loss of $5.6 million in 202
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that Thomas Mullins was added to the board of directors effective immediately. With more than 30 years of investment banking experience at Raymond James, Mr. Mullins has a diverse financial background spanning more than 140 transactions as lead banker, particularly with middle market companies. He was part of the founding team of the Raymond James investment banking practice and under his leadership he developed the Airlines and Aviation Services practice, which completed more than 55 transactions throughout The America's and Europe. Mr. Mullins has experience with a wide breadth of financial transactions and situations, in
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 6, 2025, 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. Participants may access the call at 1-844-792-3727, international callers may use 1-412-317-1888, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until March 20, 2025. Participants may access
AerSale Corporation (NASDAQ:ASLE) (the "Company"), today announced that the Company's Chief Executive Officer, Nicolas Finazzo will present at TD Cowen's 46th Annual Aerospace & Defense Conference on Wednesday, February 12, 2025 at 2:05 pm ET, as well as host investor meetings. The presentation will be webcast live and can be accessed through the link HERE or by going to the News and Events section of AerSale's Investor Relations website at https://ir.aersale.com/news-events/events. A replay will be available shortly after the conclusion of the presentation on AerSale's Investor Relations website at https://ir.aersale.com. About AerSale AerSale serves airlines operating large jets man
Third Quarter 2024 Highlights Revenue of $82.7 million versus $92.5 million in the prior year period. GAAP net income of $0.5 million versus GAAP net loss of $0.1 million in the prior year period. Adjusted Net Income of $1.8 million versus Adjusted Net Income of $0.9 million in the prior year period. Adjusted EBITDA1 of $8.2 million versus $1.9 million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to seven engines and a passenger-to-freighter (P2F") converted Boeing 757 aircraft in the prior year period. Feedstock acquisitions of $42 million and additional $45 million under contract as of September 30, 2024. Flight Equipmen
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the third quarter ended September 30, 2024, on Thursday, November 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. Participants may access the call at 1-800-225-9448, international callers may use 1-203-518-9708, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until February 7, 2025. Participants may access the repla
RBC Capital Mkts downgraded AerSale from Outperform to Sector Perform and set a new price target of $15.00 from $20.00 previously
Truist initiated coverage of AerSale with a rating of Buy and set a new price target of $19.00
RBC Capital Mkts initiated coverage of AerSale with a rating of Outperform and set a new price target of $21.00
Stifel initiated coverage of AerSale with a rating of Buy and set a new price target of $23.00
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First Quarter 2025 Highlights Revenue of $65.8 million versus $90.5 million in the prior year period. Excluding flight equipment sales, revenue increased 23.4% to $64.0 million. GAAP net loss of $5.3 million versus GAAP net income of $6.3 million in the prior year period. Adjusted net loss1 of $2.7 million versus adjusted net income of $5.5 million in the prior year period. Adjusted EBITDA1 of $3.2 million versus $9.0 million in the prior year period. One engine was sold in the first quarter of 2025, compared to one aircraft and four engines in the prior year period. Feedstock acquisitions of $43.4 million and an additional $23.8 million under contract. Available inventory of
AerSale Corporation (NASDAQ:ASLE) (the "Company"), a leading provider of aviation products and services, announced today that it will release its earnings results for the first quarter ended March 31, 2025, on Wednesday, May 7, 2025, 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. Participants may access the call at 1-844-676-3010, international callers may use 1-412-634-6873, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until May
Fourth Quarter 2024 Highlights Revenue of $94.7 million versus $94.4 million in the prior year GAAP net income of $2.7 million versus GAAP net loss of $2.7 million in the prior year Adjusted net income1 of $4.8 million versus adjusted net loss of $0.1 million in the prior year Adjusted EBITDA1 of $13.0 million versus $6.0 million in the prior year Flight equipment sales consisted of six engines compared to five engines and one aircraft in the prior year Feedstock acquisitions of $18.4 million in the quarter 2024 Full Year Highlights Revenue of $345.1 million versus $334.5 million in the prior year GAAP net income of $5.9 million versus GAAP net loss of $5.6 million in 202
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 6, 2025, 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. Participants may access the call at 1-844-792-3727, international callers may use 1-412-317-1888, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until March 20, 2025. Participants may access
Third Quarter 2024 Highlights Revenue of $82.7 million versus $92.5 million in the prior year period. GAAP net income of $0.5 million versus GAAP net loss of $0.1 million in the prior year period. Adjusted Net Income of $1.8 million versus Adjusted Net Income of $0.9 million in the prior year period. Adjusted EBITDA1 of $8.2 million versus $1.9 million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to seven engines and a passenger-to-freighter (P2F") converted Boeing 757 aircraft in the prior year period. Feedstock acquisitions of $42 million and additional $45 million under contract as of September 30, 2024. Flight Equipmen
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the third quarter ended September 30, 2024, on Thursday, November 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. Participants may access the call at 1-800-225-9448, international callers may use 1-203-518-9708, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until February 7, 2025. Participants may access the repla
Second Quarter 2024 Highlights Revenue of $77.1 million versus $69.3 million in the prior year period. GAAP net loss of $3.6 million versus GAAP net loss of $2.7 million in the prior year period. Adjusted Net Loss of $2.6 million versus Adjusted Net Loss of $0.6 million in the prior year period. Adjusted EBITDA1 of $3.2 million versus $(0.5) million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to four engines and two unserviceable airframes in the prior year period. Feedstock acquisitions of $36 million and additional $71 million under contract as of June 30, 2024. Flight Equipment inventory of $378.8 million as of
AerSale Corporation (NASDAQ:ASLE) (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. Participants may access the call at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until November 7, 2024. Participants may access the replay a
First Quarter 2024 Highlights Revenue of $90.5 million versus $78.3 million in the prior year period. GAAP net income of $6.3 million versus $5 thousand in the prior year period. Adjusted Net Income1 of $5.5 million versus $3.3 million in the prior year period. Adjusted EBITDA1 of $9.0 million versus $5.0 million in the prior year period. Flight equipment sales consisted of one aircraft and four engines in the first quarter of 2024, compared to two aircraft and one engine in the prior year period. Feedstock acquisitions of $28.2 million and an additional $51.7 million under contract. Flight Equipment inventory of $350.1 million as of March 31, 2024. AerSale Corporati
AerSale Corporation (NASDAQ:ASLE) (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. Participants may access the call at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until July 8, 2024. Participants may access the replay at 1-844
AerSale Corporation (NASDAQ:ASLE) (the "Company"), a leading provider of aviation products and services, today announced the appointment of Carol DiBattiste and Thomas Mitchell to its Board of Directors. Ms. DiBattiste will fill the vacancy created by the departure of Jonathan Seiffer on March 14, 2025, while Mr. Mitchell joins as an additional Board member. Carol DiBattiste has a distinguished record of government service, having served as Honorable Under Secretary of the U.S. Air Force (DOD), Deputy Administrator of the Transportation Security Administration (TSA, DHS), Deputy U.S. Attorney for the Southern District of Florida, Director of the Executive Office for United States Attorneys
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that Thomas Mullins was added to the board of directors effective immediately. With more than 30 years of investment banking experience at Raymond James, Mr. Mullins has a diverse financial background spanning more than 140 transactions as lead banker, particularly with middle market companies. He was part of the founding team of the Raymond James investment banking practice and under his leadership he developed the Airlines and Aviation Services practice, which completed more than 55 transactions throughout The America's and Europe. Mr. Mullins has experience with a wide breadth of financial transactions and situations, in
AerSale® Corporation (NASDAQ:ASLE) (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. Nichols helped establish AerSale in 2008 and during his fifteen years with the Company he has played an instrumental role in the growth and success of the organization. His strategic vision, leadership
Andrew Levy, Founder, Chairman and CEO of Avelo Airlines, added to the Board of Directors. Existing Board Members Eric J. Zahler and Sai S. Devabhaktuni, have announced their retirement at the end of their current term. Michael Kirton will not seek reelection as Leonard Green & Partners ("Leonard Green") has reduced its ownership interest. 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 t