AerSale Corp
aersale.comWhat Do They Do?
Sells used aircraft, engines and spare parts, and leases, maintains and modifies aircraft and components for airlines, cargo operators and government agencies.
10-K for FY2025, filed Mar 10, 2026Our Asset Management Solutions segment, which represented approximately 63% and 62% of our revenue during the fiscal years ended December…View ↗
Our TechOps segment, which represented approximately 37% and 38% of our revenue during the fiscal years ended December 31, 2025 and 2024…View ↗
We sell to more than 1,000 customers worldwide. Non-U.S. customers accounted for approximately 46% of our total revenue for 2025. Our…View ↗
How Do They Make Money?
Customers buy used spare parts and whole aircraft or engines; parts are paid for when shipped, and whole assets when accepted. Leasing customers pay monthly rent, sometimes with charges tied to use; service customers pay on contract billing schedules.
10-K for FY2025, filed Mar 10, 2026Revenue from sales of USM is measured based on consideration specified in a contract with a customer, and excludes any sales commissions…View ↗
Revenue from whole asset sales is measured based on consideration specified in the contract with the customer. The Company and customer…View ↗
The Company leases Flight Equipment under operating leases that contain monthly base rent and reports rental income straight line over the…View ↗
For most service contracts, our performance obligations are satisfied over time as work progresses or at a point in time based on transfer…View ↗
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10-K for FY2025, filed Mar 10, 2026
FY2025 revenue by product or service (Revenue from contract with customer) ↗
$335.3M
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10-K for FY2025, filed Mar 10, 2026
$335.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Products
Sold outright
10-K for FY2025, filed Mar 10, 2026 |
62%
FY2022: 70%
|
Products, FY2025
$206.5M Sources
|
Sold outright |
|
Leasing
|
10%
FY2022: 7.0%
|
Leasing, FY2025
$35.1M Sources
|
|
|
Services
|
28%
FY2022: 23%
|
Services, FY2025
$93.7M Sources
|
Who Are Their Customers?
Airline and cargo operators, government agencies, and aviation-support companies buy from AerSale through its global sales force; direct sales are supplemented by digital marketing and industry events.
10-K for FY2025, filed Mar 10, 2026We sell to more than 1,000 customers worldwide. Non-U.S. customers accounted for approximately 46% of our total revenue for 2025. Our…View ↗
We employ a global sales force of 35 professionals responsible for marketing and selling our products and services across our business…View ↗
We supplement our direct sales and digital marketing efforts with industry event sponsorships, conference participation, press release…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$29.1M.
10-K for FY2025, filed Mar 10, 2026
$15.8MView ↗
10-K for FY2025, filed Mar 10, 2026
$8.6MView ↗
10-K for FY2025, filed Mar 10, 2026
−$29.1MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 7, 2026
−$5.6MView ↗
- ▼ Now a loss
- vs $8.6M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
Flat. Revenue was $335.3M in FY2025, about the same as the $340.4M of FY2021.
Who Do They Compete With?
Competes with AAR, AerCap, Delta Air Lines, GA Telesis, Kellstrom Aerospace, Heico, Willis Lease Finance, Air Transport Services Group, Unical Aviation, Satair Group, Aviall, FTAI Aviation, Aviation Technical Services, HAECO Americas, MRO Holdings, ST Engineering North America, Delta TechOps, TransDigm Group, VSE, and Woodward
10-K for FY2025, filed Mar 10, 2026Our Asset Management Solutions segment competitors include AAR Corp., AerCap, Delta Air Lines, Inc., GA Telesis, LLC, Kellstrom Aerospace…View ↗
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