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 Corporation (ASLE) will release its Q4 and full year 2023 earnings on March 7, 2024. A conference call will be held at 4:30 pm ET on the same day to discuss the results. Participants can access the call via phone or webcast. A replay will be available until March 21, 2024.
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AerSale Corporation (ASLE) announces the pricing of a secondary offering of 4,000,000 shares of common stock by affiliates of Leonard Green & Partners, L.P. The underwriter, RBC Capital Markets, will have a 30-day option to purchase up to an additional 600,000 shares. No shares are being issued or sold by AerSale, and all proceeds from the offering will go to the Selling Stockholders. The Offering is made pursuant to a shelf registration statement on Form S-3 filed by AerSale with the SEC.
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AerSale Corporation (ASLE) announced a secondary offering of 4,000,000 shares of common stock by certain stockholders, with an additional 600,000 shares as an option. RBC Capital Markets is the underwriter, and the proceeds will go to the Selling Stockholders. The Offering will be made through the Nasdaq Capital Market and other channels.
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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.
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AerSale Corporation (ASLE) announced the retirement of Robert Nichols, Vice Chairman and President of Asset Management, after fifteen years with the company. Nichols will continue to serve as a member of the Board of Directors. His strategic vision and leadership have been instrumental in the growth and success of AerSale. As President of Asset Management, he played a key role in implementing strategies related to AerSale’s business portfolio, partner agreements, as well as mergers and acquisitions. Nichols will continue to provide his insights and expertise in guiding the Company’s future endeavors.
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AerSale Corporation (Nasdaq: ASLE) reported third-quarter revenue of $92.5 million, up from $51.0 million in the same period last year, with an adjusted net income of $0.9 million. The company also provided an update on its 2023 guidance, expecting revenue in the range of $400 - $420 million and adjusted EBITDA in the range of $40 - $45 million. The company is in the final stages of FAA certification for its Enhanced Flight Vision System 'AerAware,' with all testing successfully completed.
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AerSale Corporation has achieved a groundbreaking 50% visual advantage in low visibility operations for its AerAware Enhanced Flight Vision System (EFVS) on the Boeing B737NG aircraft. The visual advantage was achieved through a collaboration with Universal Avionics and Elbit Systems. The system enhances safety, efficiency, and cost savings, and reduces environmental impact. Final approval by the FAA is pending.
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AerSale Corporation will release its Q3 2023 earnings results on November 8, 2023. A conference call will be held at 4:30 pm Eastern Time to discuss the results. Participants can access the call and webcast using the provided links and phone numbers. A telephonic replay will be available until November 22, 2023.
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AerSale Corporation provides an update on the status of AerAware certification by the FAA. The company is nearing the conclusion of the certification process for its Enhanced Flight Vision System applicable to Boeing 737NG and MAX aircraft. No material issues have been identified by the FAA, and the company anticipates an award of the STC.
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Prescience Point Capital Management reiterates its Strong Buy recommendation on AerSale Corporation (Nasdaq: ASLE) and outlines several near-term catalysts that could nearly triple its current share price. The catalysts include the imminent FAA approval of AerAware, the company's Enhanced Flight Vision System, and the reacceleration of growth in the core business. Prescience Point expects the FAA to approve AerAware by September 20 and anticipates several large initial orders for the product. They also project that the core business will generate Adjusted EBITDA of $93.3 million in FY 2024. With these positive developments, Prescience Point values AerSale shares at $45.90, representing a 194.4% premium to the current share price of $15.59.
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FAQ
What is the current stock price of AerSale Corporation (ASLE)?
The current stock price of AerSale Corporation (ASLE) is $6.57 as of November 22, 2024.
What is the market cap of AerSale Corporation (ASLE)?
The market cap of AerSale Corporation (ASLE) is approximately 345.3M.
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
345.34M
31.92M
21.59%
66.82%
5.68%
Airports & Air Services
Wholesale-machinery, Equipment & Supplies
United States of America
DORAL