AerSale Corp (NASDAQ: ASLE) is an aviation aftermarket company that acquires, manages, and services mid-life commercial aircraft, engines, and components for operators and owners in the second half of an asset's operating life. Revenue comes from two segments: Asset Management Solutions (63% of FY2025 revenue), which monetizes Flight Equipment through whole-asset sales, leasing, and disassembly into used serviceable material (USM) parts, and TechOps (37% of FY2025 revenue), which provides maintenance, repair, and overhaul (MRO) services on airframes, engines, and individual components. AerSale was founded in 2008 by Nicolas Finazzo and Robert B. Nichols and serves passenger airlines, cargo airlines, leasing companies, OEMs, government and defense contractors, and MRO providers worldwide. Competitors in Asset Management Solutions include AAR Corp., AerCap, Delta Air Lines, GA Telesis, Kellstrom Aerospace, Heico Corporation, Willis Lease Finance Corp, Air Transport Services Group, and Unical Aviation.
Asset Management Solutions: whole aircraft and engine acquisition, leasing, sale, disassembly, and USM spare parts. TechOps: nose-to-tail airframe MRO (Goodyear AZ, Roswell NM, Millington TN, approximately 530,000 sq ft of hangar space), component MRO covering hydraulics, composites, pneumatics, fuel systems, electro-mechanical assemblies, interiors, painting, flight controls, nacelles, and landing gear (Miami FL, Hialeah Gardens FL, Rio Rancho NM, Millington TN), aircraft storage for up to 650 aircraft, and proprietary Engineered Solutions modifications and technical repairs.
Transactional and service-based. Asset Management Solutions generates revenue through whole-aircraft and engine sales, leasing, and USM parts sales derived from disassembly of Flight Equipment. TechOps generates revenue through fee-for-service MRO work on airframes, engines, and components, plus sales of proprietary Engineered Solutions products and modifications.
Passenger airlines, cargo airlines, aircraft leasing companies, OEMs, government and defense contractors, and MRO service providers. End demand is driven by the installed base of mid-life commercial aircraft and the degree to which airlines outsource maintenance activities.
U.S.-based MRO and storage facilities across Arizona, New Mexico, Tennessee, Florida. Serves customers worldwide including lessees outside the United States. Exposed to foreign exchange risk, export regulations, and international trade policy changes.
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