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{{Infobox company| |
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| company_name = AerSale, Inc. |
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| company_logo = [[File:AerSale, Inc. logo.png|thumb|]] |
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| company_type = [[Private company]] |
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| parent = [[AerSale Holdings, LLC]] |
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| foundation = incorporated 2008 |
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| founder = Nicolas Finazzo & Robert B. Nichols |
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| location = [[Coral Gables, Florida|Coral Gables]], [[Florida|FL]], [[United States|USA]] |
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| area_served = [[World]]wide |
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| key_people = Nicolas Finazzo, <small>([[Chief Executive Officer|CEO]])</small><br>Robert B. Nichols, <small>([[Chief Operating Officer|COO]])</small><br>Scott Stewart, <small>([[Chief Financial Officer|CFO]])</small><br>Douglas Meyer, <small>([[Chief Accounting Officer|CAO]])</small><br>Paul Cummiskey, <small>([[Chief Legal Officer|CLO]])</small><br> |
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| industry = [[Aviation]] <br> [[Aerospace engineering|Aerospace]] & [[Defense (military)|Defense]] |
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| revenue = |
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| net_income = |
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| assets = | num_employees = 230 |
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| homepage = [http://www.aersale.com/ www.aersale.com] |
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}} |
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{{primary sources|date=December 2014}} |
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'''AerSale, Inc.''' is a global supplier of aftermarket commercial jet aircraft, engines, OEM used serviceable material and MRO services. |
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== General information == |
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Founded and incorporated in Coral Gables, Florida in 2008, AerSale employs approximately 230 people in 5 countries worldwide. |
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Private equity firm [[Leonard Green & Partners]] and the two founders invested $250 Million in equity in January 2010.<ref>[http://www.themiddlemarket.com/news/Leonard-Green-Backs-AerSale-201894-1.html ''"Leonard Green Backs AerSale",'' The Middle Market, January 14, 2010]</ref> |
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The company furnishes aircraft and their component parts to governmental agencies, including the [[National Nuclear Security Administration]] and the US [[United States Department of Defense|Department of Defense]]. In July 2010 AerSale delivered a specially modified [[Boeing 737 Classic|Boeing 737-400]] aircraft to the [[National Nuclear Security Administration]] to fly depleted nuclear waste to disposal sites.<ref>[http://about.bgov.com/bgov200/content/uploads/sites/6/2014/03/bgov200_study_2012.pdf ''"Government Study - Federal Industry Leaders 2012",'' Bloomberg, July 7, 2012]</ref> By providing low cost used serviceable material to the [[United States Department of Defense|Department of Defense]], AerSale has been able to save the government over $36 Million Dollars in one contract alone for the supply of used turbine fan blades for the Air Force's [[KC-135 Stratotanker]] aircraft.<ref>[http://www.afmc.af.mil/news/story.asp?id=123291270 ''"New Fan Blade Contract Saves Air Force Millions",'' Air Force Material Command, February 24, 2012]</ref> |
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==Customers== |
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AerSale's customers include passenger and cargo airlines, government entities, leasing companies, multinational OEMs and independent MROs. |
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==Lines of Business== |
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AerSale operates three integrated lines of business: Aircraft & Engine Leasing; Material Sales; and Maintenance, Repair and Overhaul. |
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AerSale leases commercial passenger and freighter aircraft and engines to airline customers worldwide. Its fleet includes [[Boeing 737 Classic|Boeing 737-300]], [[Boeing 737 Classic|Boeing 737-400]], [[Boeing 737 Classic|Boeing 737-500]], [[Boeing 747-400]], 767-200, and 767-300 passenger and freighter aircraft; Airbus A300-600R, A310-200, A320-200, and A330-200 passenger aircraft; and [[McDonnell Douglas MD-90]] passenger and [[Douglas DC-8#Super seventies|McDonnell Douglas DC-8-70 series]] freighter aircraft. |
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The Government & Defense Services segment serves both US and foreign governments. Services in this segment provides include [[Performance-based logistics]] program support; expeditionary airlift and aircraft modifications; and advanced communication systems integration. |
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The Maintenance, Repair and Overhaul segment handles whole aircraft maintenance for both commercial airlines and government fleet operators. Activities include major airframe maintenance inspection and overhaul, painting services, line maintenance, airframe modifications, structural repairs, avionic service and installation, exterior and interior refurbishment and engineering services. The Maintenance and Repair and Overhaul segment also services landing gear, wheels and brakes at separate facilities. |
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The Structures and Systems segment designs, manufactures and repairs airdrop and other transportation pallets, containers and shelters for military and humanitarian deployments, in plane cargo systems, and advanced composite structures for the transportation industry. This segment also provides precision-machined custom orders and high-end sub-systems. |
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==Certifications== |
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AerSale holds a number of regulatory and industry certifications. On March 12, 2010 the Aviation Suppliers Association certified AerSale's quality system to meet the requirements of ASA-100 and FAA Advisory Circular 00-56A.<ref>NEED ASA REFRENCE</ref> On February 24, 2014 it received a U.S. Approval Certificate from the [[European Aviation Safety Agency]] ([[EASA]]).<ref>[http://www.oag.com/Industry-News/aersale-wins-easa-certification ''"AerSale Wins EASA Certification",'' Official Airline Guide, March 31, 2014]</ref> |
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==Acquisitions== |
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AerSale's first acquisition came in 2009 when it acquired 44 [[Douglas DC-8#Super seventies|McDonnell Douglas DC-8-70 series]] aircraft from a major international logistics company.<ref>[http://www.airlinerworld.com/view_article.asp?ID=1506 ''"UPS DC-8s Bought?",'' Airliner World, February 5, 2010]</ref> The Douglas DC8-70 is powered by the [[CFM International]] model [[CFM International CFM56|CFM56]] aircraft engine, variants of which power most of the world's airliners. |
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In May 2010 AerSale acquired the assets of Great Southwest Aviation in Roswell, New Mexico.<ref>[http://www.bizjournals.com/albuquerque/stories/2010/05/31/daily30.html?page=all ''"AerSale Acquires Roswell's Great Southwest Aviation",'' Bizjournals, June 2, 2010]</ref><ref>[http://abqjournal.com/news/state/apaersale06-03-10.htm ''"Governor Richardson Announces AerSale, Inc. Expands in New Mexico",'' Albuquerque Journal]</ref> |
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In late 2010 AerSale acquired 19 Boeing 747-400 aircraft from [[Japan Airlines]], representing two-thirds of the JAL fleet of 747-400s.<ref>[http://worldairlinenews.com/2010/10/08/jal-sells-its-last-19-boeing-747-400s-to-aersale/ ''"JAL Sells Its Last 19 Boeing 747-400s to AerSale"'', World Airline News, October 10, 2010]</ref> |
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==References== |
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{{Reflist}} |
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{{coord|41.987373|-87.981812|display=title}} |
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{{DEFAULTSORT:AerSale, Inc.}} |
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[[Category:Aircraft engineering companies]] |
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[[Category:Aerospace companies of the United States]] |
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[[Category:Companies established in 2008]] |
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[[Category:Companies based in Dade County, Florida]] |
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[[Category:Defense companies of the United States]] |
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[[Category:2008 establishments in the United States]] |
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Revision as of 18:12, 25 December 2014
| Company type | Private company |
|---|---|
| Industry | Aviation Aerospace & Defense |
| Founded | incorporated 2008 |
| Founder | Nicolas Finazzo & Robert B. Nichols |
| Headquarters | Coral Gables, FL, USA |
Area served | Worldwide |
Key people | Nicolas Finazzo, (CEO) Robert B. Nichols, (COO) Scott Stewart, (CFO) Douglas Meyer, (CAO) Paul Cummiskey, (CLO) |
Number of employees | 230 |
| Parent | AerSale Holdings, LLC |
| Website | www.aersale.com |
 |
AerSale, Inc. is a global supplier of aftermarket commercial jet aircraft, engines, OEM used serviceable material and MRO services.
General information
Founded and incorporated in Coral Gables, Florida in 2008, AerSale employs approximately 230 people in 5 countries worldwide.
Private equity firm Leonard Green & Partners and the two founders invested $250 Million in equity in January 2010.[1]
The company furnishes aircraft and their component parts to governmental agencies, including the National Nuclear Security Administration and the US Department of Defense. In July 2010 AerSale delivered a specially modified Boeing 737-400 aircraft to the National Nuclear Security Administration to fly depleted nuclear waste to disposal sites.[2] By providing low cost used serviceable material to the Department of Defense, AerSale has been able to save the government over $36 Million Dollars in one contract alone for the supply of used turbine fan blades for the Air Force's KC-135 Stratotanker aircraft.[3]
Customers
AerSale's customers include passenger and cargo airlines, government entities, leasing companies, multinational OEMs and independent MROs.
Lines of Business
AerSale operates three integrated lines of business: Aircraft & Engine Leasing; Material Sales; and Maintenance, Repair and Overhaul.
AerSale leases commercial passenger and freighter aircraft and engines to airline customers worldwide. Its fleet includes Boeing 737-300, Boeing 737-400, Boeing 737-500, Boeing 747-400, 767-200, and 767-300 passenger and freighter aircraft; Airbus A300-600R, A310-200, A320-200, and A330-200 passenger aircraft; and McDonnell Douglas MD-90 passenger and McDonnell Douglas DC-8-70 series freighter aircraft.
The Government & Defense Services segment serves both US and foreign governments. Services in this segment provides include Performance-based logistics program support; expeditionary airlift and aircraft modifications; and advanced communication systems integration.
The Maintenance, Repair and Overhaul segment handles whole aircraft maintenance for both commercial airlines and government fleet operators. Activities include major airframe maintenance inspection and overhaul, painting services, line maintenance, airframe modifications, structural repairs, avionic service and installation, exterior and interior refurbishment and engineering services. The Maintenance and Repair and Overhaul segment also services landing gear, wheels and brakes at separate facilities.
The Structures and Systems segment designs, manufactures and repairs airdrop and other transportation pallets, containers and shelters for military and humanitarian deployments, in plane cargo systems, and advanced composite structures for the transportation industry. This segment also provides precision-machined custom orders and high-end sub-systems.
Certifications
AerSale holds a number of regulatory and industry certifications. On March 12, 2010 the Aviation Suppliers Association certified AerSale's quality system to meet the requirements of ASA-100 and FAA Advisory Circular 00-56A.[4] On February 24, 2014 it received a U.S. Approval Certificate from the European Aviation Safety Agency (EASA).[5]
Acquisitions
AerSale's first acquisition came in 2009 when it acquired 44 McDonnell Douglas DC-8-70 series aircraft from a major international logistics company.[6] The Douglas DC8-70 is powered by the CFM International model CFM56 aircraft engine, variants of which power most of the world's airliners.
In May 2010 AerSale acquired the assets of Great Southwest Aviation in Roswell, New Mexico.[7][8]
In late 2010 AerSale acquired 19 Boeing 747-400 aircraft from Japan Airlines, representing two-thirds of the JAL fleet of 747-400s.[9]
References
- ^ "Leonard Green Backs AerSale", The Middle Market, January 14, 2010
- ^ "Government Study - Federal Industry Leaders 2012", Bloomberg, July 7, 2012
- ^ "New Fan Blade Contract Saves Air Force Millions", Air Force Material Command, February 24, 2012
- ^ NEED ASA REFRENCE
- ^ "AerSale Wins EASA Certification", Official Airline Guide, March 31, 2014
- ^ "UPS DC-8s Bought?", Airliner World, February 5, 2010
- ^ "AerSale Acquires Roswell's Great Southwest Aviation", Bizjournals, June 2, 2010
- ^ "Governor Richardson Announces AerSale, Inc. Expands in New Mexico", Albuquerque Journal
- ^ "JAL Sells Its Last 19 Boeing 747-400s to AerSale", World Airline News, October 10, 2010