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AerSale Corporation - ASLE STOCK NEWS

Welcome to our dedicated page for AerSale Corporation news (Ticker: ASLE), a resource for investors and traders seeking the latest updates and insights on AerSale Corporation stock.

AerSale Corporation (ASLE) is a prominent name in the aviation aftermarket industry, known for its integrated and diversified approach to offering a wide range of products and services. Established to serve the needs of commercial aviation, AerSale specializes in the sale, lease, and exchange of used aircraft, engines, and components. The company prides itself on its comprehensive maintenance, repair, and overhaul (MRO) services, ensuring that aircraft and components meet rigorous safety and performance standards.

AerSale operates through two main segments: Asset Management Solutions and TechOps. The Asset Management Solutions segment is the primary revenue driver, focusing on strategically acquiring, managing, and monetizing aviation assets. This includes aircraft and engine sales, leasing, and trading. TechOps, on the other hand, offers extensive MRO services, along with engineering support for commercial aircraft and components. These services are designed to extend the life and efficiency of aircraft, ensuring they meet the industry's highest standards.

Recent Achievements and Projects:

  • AerSale has achieved significant milestones in expanding its fleet and enhancing its service offerings, including the acquisition of several high-demand aircraft and engines.
  • The company has also entered into strategic partnerships to bolster its MRO capabilities and engineering services.
  • AerSale continues to invest in advanced technologies to improve the efficiency and reliability of its operations, ensuring customer satisfaction and industry compliance.

Financially, AerSale maintains a strong position, leveraging its diversified service portfolio and robust asset management strategies to drive growth and profitability. The company's focus on quality, innovation, and customer-centric solutions positions it as a leader in the aviation aftermarket sector.

For the latest news and updates on AerSale Corporation, including recent developments, financial performance, and industry insights, visit our news section.

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AerSale completes certification flight testing for AerAware EFVS, totaling over 100 hours of flight time.
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AerSale Corporation (Nasdaq: ASLE) reported a revenue of $69.3 million in the second quarter of 2023, a decrease from $139.6 million in the second quarter of 2022. GAAP net loss was $2.7 million compared to GAAP net income of $26.5 million in the prior year period. Adjusted EBITDA was $(0.5) million versus $41.1 million in the prior year period.
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AerSale Corporation (NASDAQ: ASLE) has announced the pricing of a secondary offering of 4,000,000 shares of common stock by certain stockholders, including affiliates of Leonard Green & Partners, L.P. The underwriter has a 30-day option to purchase up to an additional 600,000 shares. RBC Capital Markets is acting as the underwriter for the offering.
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AerSale Corporation (NASDAQ: ASLE) will announce its earnings results for the first quarter ending March 31, 2023 on May 9, 2023, after market close. A conference call will follow at 4:30 pm ET where management will discuss these results. Interested participants can join the call by dialing 1-888-886-7786 for U.S. callers or 1-416-764-8658 for international participants. An online webcast will be available on the AerSale website. A replay of the call will be accessible until May 23, 2023. AerSale specializes in aftermarket services for large aircraft, providing solutions to enhance operational efficiency for aircraft operators, including MRO, leasing, and engineered solutions like AerSafe.

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AerSale Corporation (Nasdaq: ASLE) announced the appointment of Andrew Levy, Founder and CEO of Avelo Airlines, to its Board of Directors, effective April 15, 2023. Levy brings over 30 years of experience in the aviation sector, having led airlines to profitability and served at notable firms such as Allegiant Air and United Airlines. His addition will temporarily expand the board to 11 members. Concurrently, board members Eric J. Zahler and Sai S. Devabhaktuni will retire, while Michael Kirton will not seek re-election due to reduced ownership by Leonard Green & Partners. The board will be reduced to eight members after the 2023 annual stockholders meeting.

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AerSale Corporation (NASDAQ: ASLE) reported a 20% revenue increase to $408.5 million for 2022, with GAAP net income rising 21.4% to $43.9 million.

Flight equipment sales included 12 aircraft, contributing significantly to growth. Revenue guidance for 2023 is projected at $460-$490 million, with adjusted EBITDA of $70-$80 million.

The fourth quarter revealed a decline in revenue to $95.1 million from $116.8 million year-over-year, primarily due to fluctuating flight equipment sales. Although adjusted EBITDA decreased to $17.7 million from $28.6 million, the company is focused on its 757 P2F program and the anticipated AerAware product launch.

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FAQ

What is the current stock price of AerSale Corporation (ASLE)?

The current stock price of AerSale Corporation (ASLE) is $5.27 as of October 31, 2024.

What is the market cap of AerSale Corporation (ASLE)?

The market cap of AerSale Corporation (ASLE) is approximately 281.5M.

What does AerSale Corporation specialize in?

AerSale specializes in the sale, lease, and exchange of used aircraft, engines, and components, along with maintenance, repair, and overhaul (MRO) services.

What are the main operating segments of AerSale?

AerSale operates through two main segments: Asset Management Solutions and TechOps.

Which segment generates the most revenue for AerSale?

The Asset Management Solutions segment generates the maximum revenue for AerSale.

What services does the TechOps segment offer?

The TechOps segment offers maintenance, repair, and overhaul (MRO) services, along with engineering support for commercial aircraft and components.

How does AerSale maintain its competitive edge in the market?

AerSale maintains its competitive edge by investing in advanced technologies, forming strategic partnerships, and focusing on quality and customer-centric solutions.

What recent achievements has AerSale made?

AerSale has expanded its fleet, enhanced its service offerings, and entered into strategic partnerships to improve its MRO capabilities and engineering services.

How does AerSale ensure the safety and performance of its services?

AerSale ensures safety and performance through rigorous maintenance, repair, and overhaul (MRO) services, meeting the highest industry standards.

What financial position does AerSale hold?

AerSale holds a strong financial position, leveraging its diversified service portfolio and robust asset management strategies to drive growth and profitability.

Does AerSale invest in technology?

Yes, AerSale invests in advanced technologies to improve the efficiency and reliability of its operations.

Where can I find the latest news and updates about AerSale?

You can find the latest news and updates about AerSale in our news section on this webpage.

AerSale Corporation

Nasdaq:ASLE

ASLE Rankings

ASLE Stock Data

281.47M
52.99M
21.64%
73.1%
6.31%
Airports & Air Services
Wholesale-machinery, Equipment & Supplies
Link
United States of America
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