STOCK TITAN

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.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.31%
Tags
none
-
Rhea-AI Summary

AerSale Corporation (NASDAQ: ASLE) will release its fourth-quarter earnings for the period ended December 31, 2022, on March 6, 2023, after market close. A conference call is scheduled for 4:30 PM ET on the same day to discuss the results. Participants can join the call by dialing 1-877-407-3982 (international callers: 1-201-493-6780). A live webcast will also be available via the company's website. A replay will be accessible until March 20, 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
-
Rhea-AI Summary

AerSale Corporation (NASDAQ: ASLE) has announced that its management team will present at Cowen’s 44th Annual Aerospace, Defense & Industrials conference on February 15, 2023, at 2:05 pm ET in Arlington, Virginia. The presentation will be accessible via a live webcast, and a replay will be available post-event. AerSale is a leader in aftermarket aviation, offering services such as Aircraft & Component MRO, Aircraft and Engine Sales, and Used Serviceable Material sales. The company maintains a comprehensive network of facilities and offers engineered solutions for enhanced aircraft performance. For further details, visit www.aersale.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
none
Rhea-AI Summary

AerSale Corporation (NASDAQ: ASLE) announced the pricing of a secondary offering of 4,000,000 shares of common stock at $15.50 per share by certain stockholders, including affiliates of Leonard Green & Partners. Additionally, underwriters are granted a 30-day option to purchase up to 600,000 extra shares. The company will not receive any proceeds from this transaction. AerSale is also repurchasing 1,500,000 shares from these stockholders at the same price. This repurchase is contingent upon the offering's closing, although the offering's closing isn't dependent on the repurchase.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.73%
Tags
buyback offering
-
Rhea-AI Summary

AerSale Corporation (NASDAQ: ASLE) announced a secondary offering of 4,000,000 shares of its common stock by certain stockholders, including Leonard Green & Partners, L.P. The offering includes a 30-day option for underwriters to purchase an additional 600,000 shares. The selling stockholders will receive all proceeds, with no shares being issued by AerSale. Concurrently, AerSale plans to repurchase 1,500,000 shares from the selling stockholders at the offering price, expected to close alongside the offering.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.73%
Tags
buyback offering
-
Rhea-AI Summary

AerSale Corporation (NASDAQ: ASLE) reported a significant decline in Q3 2022 revenue to $51.0 million, down from $73.3 million in Q3 2021, mainly due to a timing shift in flight equipment sales. Year-to-date sales increased by 40.1% to $313.4 million, with basic EPS up 13.6%. However, the company faced a GAAP net loss of $9.0 million in Q3 2022, compared to a loss of $1.6 million the previous year. Adjusted EBITDA also fell to $(0.5) million, reflecting decreased high-margin flight equipment sales. Despite these challenges, AerSale reaffirmed its 2022 revenue guidance of $420 - $450 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.74%
Tags
none
Rhea-AI Summary

AerSale Corporation (NASDAQ: ASLE) will announce its third-quarter earnings for the period ending September 30, 2022, on November 8, 2022, after market close. A conference call will follow at 4:30 PM ET to discuss the results. Participants can join via telephone or through a live webcast accessible on AerSale's investor relations page. A telephonic replay will be available until November 22, 2022.

AerSale specializes in integrated aftermarket services for large jets, offering solutions that help aircraft owners optimize operational costs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
-
Rhea-AI Summary

AerSale Corporation (NASDAQ: ASLE) has priced a secondary offering of 4,250,000 shares by certain stockholders at $17.25 per share. The underwriters have a 30-day option to purchase an additional 637,500 shares. No shares are being sold by AerSale itself, and the selling stockholders will receive the proceeds from the offering. Cowen, RBC Capital Markets, and Stifel are the joint book-running managers for the offering. This action comes under a shelf registration statement filed with the SEC, signaling ongoing liquidity for the selling stockholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.06%
Tags
-
Rhea-AI Summary

AerSale Corporation (NASDAQ: ASLE) announced a secondary offering of 4,250,000 shares of common stock by certain stockholders. The selling stockholders, including affiliates of Leonard Green & Partners, plan to grant underwriters an option for an additional 637,500 shares. All proceeds will go to the selling stockholders, as AerSale is not selling any shares. Cowen, RBC Capital Markets, and Stifel are joint book-running managers for the offering. A registration statement has been declared effective by the SEC, but this announcement does not constitute an offer to sell or buy any securities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.06%
Tags
Rhea-AI Summary

AerSale Corporation (Nasdaq: ASLE) reported a strong second quarter for 2022, with revenue of $139.6 million, reflecting a 51.9% increase year-over-year. GAAP net income stood at $26.5 million, or 18.9% of sales, up 59.9% from the previous year. Adjusted Net Income was $31.7 million, representing 22.7% of sales. The company reaffirmed its 2022 guidance, expecting revenue between $420 million and $450 million and adjusted EBITDA of $80 million to $90 million. Key highlights included increased flight equipment sales and positive demand trends for Used Serviceable Material (USM).

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.44%
Tags
none

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
Link
United States of America
DORAL