SEC Form 10-K filed by AerSale Corporation

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

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

4/A - AerSale Corp (0001754170) (Issuer)

4 - AerSale Corp (0001754170) (Issuer)

4 - AerSale Corp (0001754170) (Issuer)

4 - AerSale Corp (0001754170) (Issuer)

4 - AerSale Corp (0001754170) (Issuer)

4 - AerSale Corp (0001754170) (Issuer)

8-K - AerSale Corp (0001754170) (Filer)

10-K - AerSale Corp (0001754170) (Filer)

8-K - AerSale Corp (0001754170) (Filer)

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

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

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