AerSale Corporation - ASLE STOCK NEWS

AerSale (ASLE) has engaged Universal Avionics to deliver ClearVision™ systems, securing a contract worth $33 million. This Enhanced Flight Vision System (EFVS) includes the SkyLens™ Head Wearable Display and EVS-5000 cameras, specifically for the Boeing 737NG. The solution enhances operational efficiency and crew resource management under low visibility conditions. Universal Avionics showcases over 20 years of EVS experience, with ClearVision already utilized in various aircraft, promising improved safety for airlines.

AerSale Corporation (NASDAQ: ASLE) has appointed Judith A. Fedder, retired Lieutenant General of the USAF, to its Board of Directors effective July 1, 2022. General Fedder brings nearly 35 years of military experience, having served as Deputy Chief of Staff for Logistics in the U.S. Air Force. Post-retirement, she held senior roles at Boeing and currently serves as a Senior Advisor at the Boston Consulting Group. The company anticipates that her extensive background in aerospace logistics and leadership will provide significant benefits to its operations.

AerSale Corporation (NASDAQ: ASLE) announced that CFO Martin Garmendia will present at the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 11:30 am ET. The presentation will be available via live webcast, with a replay accessible post-event on the company's Investor Relations website.

AerSale specializes in integrated aftermarket services for airlines operating large jets, contributing to operational savings through MRO, aircraft and engine leasing, and tailored solutions.

AerSale Corporation (Nasdaq: ASLE) reported a strong first quarter of 2022, with revenues reaching $122.8 million, a 110% increase year-over-year. GAAP net income surged by 72% to $17.2 million, and adjusted net income rose 115% to $22.2 million. Adjusted EBITDA was $29.9 million, reflecting a strong margin of 24.4%. Flight equipment sales contributed $75.9 million, primarily from five Boeing 757 aircraft. AerSale reaffirmed its 2022 revenue guidance of $420 - $450 million and adjusted EBITDA of $80 - $90 million.

AerSale Corporation (NASDAQ: ASLE) announced the expansion of its component MRO capabilities through the acquisition of advanced pneumatic system testing technology from Bauer, Inc. This investment significantly enhances AerSale Component Solutions' ability to provide comprehensive MRO services for pneumatic components, benefiting a growing customer base. The acquisition reflects AerSale’s commitment to improving operational efficiency and supporting its diverse MRO solutions for current and new generation aircraft fleets.

AerSale Corporation (NASDAQ: ASLE) announced that CFO Martin Garmendia will present at the 2022 Wells Fargo Industrials Conference on May 4, 2022, at 11:20 am ET in New York, NY. The presentation will be available via live webcast, and a replay will follow. AerSale specializes in aftermarket services for large jets from manufacturers like Boeing and Airbus, offering solutions such as MRO services, aircraft sales, and engineered solutions to enhance aircraft performance.

AerSale Corporation (NASDAQ: ASLE) is set to announce its earnings for Q1 2022 on May 9, 2022, after market close. A conference call will follow at 4:30 PM ET, where details on financial performance will be discussed. Investors can access the call via phone or a live webcast. A replay will be available until May 23, 2022. AerSale focuses on providing aftermarket services for large jets, offering solutions like Aircraft & Component MRO, sales, and engineered solutions to enhance operational economics.

AerSale, Inc. (NASDAQ: ASLE) will participate in the Shareholder Equity Conference on April 21, 2022, at 12:30 PM ET. This virtual fireside chat is designed for retail investors, allowing them to engage with management through a Q&A session. The live presentation will be available via webcast and can be accessed through the provided links. Additionally, an archived version will be accessible for 90 days post-event. AerSale focuses on providing aftermarket services for large jets from Boeing, Airbus, and McDonnell Douglas.

AerSale Corporation (NASDAQ: ASLE) reported a significant revenue growth of 62.9% year-over-year, reaching $340.4 million in 2021. The company achieved a GAAP net income of $36.1 million, or 10.6% of sales, while adjusted net income was $63.6 million, or 18.7% of sales. Revenue for Q4 2021 was $116.8 million, up from $49.4 million in Q4 2020. AerSale plans to monetize 15 Boeing 757s over 2022 and 2023, anticipating total revenue between $420-$450 million for 2022. The company also reported an adjusted EBITDA of $89.3 million, or 26.2% of sales for the year.