AerSale® Receives Boeing 737NG Supplemental Type Certificate for its Enhanced Flight Vision System “AerAware™”

Rhea-AI Summary

AerSale Corporation (ASLE) has achieved a milestone with the FAA's issuance of a Supplemental Type Certificate for its revolutionary Enhanced Flight Vision System, AerAware, for the Boeing B737NG product line. This marks the world's first commercial EFVS system to achieve a 50% visual advantage and the first large transport aircraft to be certified with a complete dual-pilot EFVS solution featuring a Head-Wearable Display. The system enhances safety, reduces operating costs, improves airline efficiency, and has environmental advantages. AerSale has developed the AerAware certification program under license with The Boeing Company and in collaboration with Universal Avionics, an Elbit Systems company, featuring the integration of ClearVision™ technology. The system aligns with the FAA’s Next Generation Air Transportation System project and is a key strategic aspect of the FAA’s Human Systems Integration Roadmap. For more information, visit www.aersale.com.

Positive

• AerSale achieved a milestone with the FAA's issuance of a Supplemental Type Certificate for AerAware, the world's first commercial EFVS system with a 50% visual advantage.
• The system enhances safety, reduces operating costs, improves airline efficiency, and has environmental advantages.
• AerSale has developed the AerAware certification program under license with The Boeing Company and in collaboration with Universal Avionics, an Elbit Systems company.

Negative

• None.

CORAL GABLES, Fla.--(BUSINESS WIRE)-- AerSale Corporation (NASDAQ: ASLE) (“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.

AerAware 737-800 (Photo: Business Wire)

The certification of AerAware is the result of a collaboration with Universal Avionics, an Elbit Systems company, which features the integration of ClearVision™ technology developed by their team, including dual SkyLens™ Head-Wearable Displays and a state-of-the-art EVS-5000 multispectral camera providing heads-up capability to overcome low visibility – both day and night. AerAware incorporates Synthetic Vision and Enhanced Vision Systems along with Primary Flight Display symbology, resulting in a user-controlled Combined Vision System that substantially increases situational awareness during all phases of flight including low visibility operations.

Nicolas Finazzo, AerSale’s Chief Executive Officer, stated, "Today marks a milestone achievement for AerSale as we announce the FAA’s issuance of a Supplemental Type Certificate for AerAware™. I am proud of our team and grateful to our partners and the FAA for their tireless effort to complete a comprehensive and robust certification process and bring AerAware to its commercialization phase.”

Finazzo added, “This achievement not only establishes AerAware as the world's first commercial EFVS system with a remarkable 50% visual advantage, but also puts the Company in a leadership position to provide this advanced technology to airlines operating the Boeing 737NG family of aircraft. The proposition to customers is compelling, as enhanced safety combined with improved efficiency lowers airline operating costs, while reducing system bottlenecks and advancing environmental initiatives.”

AerAware’s benefits include enhanced safety, reduced operating costs, better airline efficiency and environmental advantages. The system's core capability is its capacity to enhance safety and situational awareness during all phases of flight, and not just limited to low visibility weather conditions. Moreover, the AerAware EFVS system aligns with the FAA’s Next Generation Air Transportation System project as an operational improvement initiative related to improved approaches and low-visibility operations.³ It is a key strategic aspect of the FAA’s Human Systems Integration Roadmap envisioned to achieve the transformation of the National Airspace System.

Key Features and Benefits of AerAware:

Enhanced Safety: With a 50% visual advantage, the AerAware EFVS substantially improves crew resource management and cockpit coordination, reducing the risk of accidents, runway incursions, tail strikes and hard landings in all conditions (not just those where visibility is limited) during all phases of flight. Additionally, AerAware greatly enhances flight crew situational awareness, which results in improved energy management during critical phases of flight.

Improved Efficiency: Pilots can confidently take off and land in limited visibility conditions, leading to fewer delays and cancellations - ultimately saving time and resources. Furthermore, the AerAware system provides dispatch and landing approach priority, as well as low visibility landing capability, regardless of the destination airport's infrastructure, resulting in improved operational efficiency.

Reduced Costs: AerAware minimizes the potential for delays, diversions, and cancellations, reducing the need for expensive alternate transportation/hotel arrangements and aircraft repositioning costs, ultimately benefiting both airlines and passengers. Additionally, a reduction in fuel burn is achieved when flights can avoid holding patterns while waiting for improved visibility to land.

Reduced Environmental Impact: Enhanced route efficiency during adverse weather contributes to lower fuel consumption and carbon emissions, aligning with the aviation industry's commitment to sustainability and ESG.

The newly certified AerAware system is available exclusively through AerSale and its business partner Universal Avionics, an Elbit Systems company. For more information on the AerAware system, please visit www.aersale.com, email aeraware@aersale.com, or call 305-764-3200 to speak with an AerAware specialist.

View AerAware video and STC: www.aersale.com/aeraware

About AerSale®

AerSale serves airlines operating large jets manufactured by Boeing, Airbus, McDonnell Douglas, Bombardier and Embraer. It is dedicated to providing integrated aftermarket services and products designed to help aircraft owners and operators realize significant savings in operating, maintaining, and monetizing their aircraft, engines, and components. AerSale's offerings include Aircraft & Component MRO, Aircraft and Engine Sales and Leasing, Used Serviceable Material Sales, and internally developed 'Engineered Solutions' to comply with regulatory mandates and to enhance aircraft performance and operating economics (e.g., AerSafe^®, AerTrak^®, and now AerAware™).

¹ FAA Supplemental Type Certificate, No. STC04576AT

² See FAA Operational Suitability Report (OSR) Revision 5, Appendix 4, dated October 19, 2023, applicable to the Elbit/Universal Avionics EFVS-5000 camera and the pending AerSale STC for the Boeing 737NG, at https://drs.faa.gov/browse/excelExternalWindow/DRSDOCID194646745620231020152945.0001

³ See National Airspace System Enterprise Architecture, Infrastructure Roadmaps, Human Systems Integration V17.0, dated February 2023 at https://www.faa.gov/about/office_org/headquarters_offices/ang/r2r/roadmaps

View source version on businesswire.com: https://www.businesswire.com/news/home/20231206175678/en/

Media:

For more information about AerSale, please visit our website: www.AerSale.com.

Follow us on: LinkedIn | Twitter | Facebook | Instagram

AerSale: Jackie Carlon

Telephone: (305) 764-3200

Email: media.relations@aersale.com

Investor:

AerSale: AersaleIR@icrinc.com

Source: AerSale Corporation

FAQ

What is the milestone achieved by AerSale Corporation (ASLE)?

AerSale has achieved a milestone with the FAA's issuance of a Supplemental Type Certificate for its revolutionary Enhanced Flight Vision System, AerAware, for the Boeing B737NG product line.

What are the key features of AerAware?

AerAware enhances safety, reduces operating costs, improves airline efficiency, and has environmental advantages.

With whom did AerSale collaborate for the development of AerAware?

AerSale developed the AerAware certification program under license with The Boeing Company and in collaboration with Universal Avionics, an Elbit Systems company.

Where can I find more information about AerAware?

For more information, visit www.aersale.com.