AerSale

AerSale, Inc.

File:AerSale, Inc. logo.png
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 maintenance, repair & overhaul (MRO) services to passenger and cargo airlines, government entities, leasing companies, multinational OEMs and independent MROs.

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.

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. It has supplied low cost used serviceable turbine fan blades to the Department of Defense for use on the Air Force's KC-135 Stratotanker aircraft, enabling the government to save over $36 Million Dollars in one contract alone.

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 & Overhaul (MRO).

AerSale sells and leases commercial passenger and freighter aircraft and engines to airline customers worldwide. It has purchased Boeing 737-300, Boeing 737-400, Boeing 737-500, Boeing 747-400, Boeing 767-200, and Boeing 767-300 passenger and freighter aircraft; Airbus A300-600R, Airbus A310-200, Airbus A320-200, and Airbus A330-300 passenger aircraft; and McDonnell Douglas MD-90 passenger and McDonnell Douglas DC-8-70 series freighter aircraft. These aircraft are powered by a variety of engines, including the CFM International CFM56, General Electric CF6-80C2, International Aero Engines V2500, Pratt & Whitney PW4000 and Rolls-Royce RB211.

The company is an aftermarket seller of OEM used serviceable material. This material comes from aircraft which have been dismantled and their parts recycled and refurbished for commercial use. Recycling of aircraft for their component parts has become a significant source of used serviceable material to the airline industry, as about 12,500 aircraft will reach their end of life over the next 25 years. AerSale is a member of Aircraft Fleet Recycling Association, a not-for-profit industry group whose members maintain an environmentally friendly standard for aircraft recycling.

AerSale's MRO business is performed primarily at its FAA-approved Certified Repair Station located at the Roswell International Air Center, Roswell, New Mexico. In November 2013 it completed a major maintenance check for NASA on its flying laboratory, a specially modified McDonnell Douglas DC-8-70 series aircraft.

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. On February 24, 2014 it received a U.S. Approval Certificate from the European Aviation Safety Agency ("EASA").

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. The McDonnell Douglas DC-8-70 series aircraft is powered by the CFM56/F108 aircraft engine, variants of which power most of the world's airliners.

In May 2010 AerSale acquired the assets of Great Southwest Aviation located at the Roswell International Air Center in Roswell, New Mexico.

In late 2010 AerSale acquired 19 Boeing 747-400 aircraft from Japan Airlines, representing two-thirds of the JAL fleet of 747-400s.

In 2012 AerSale acquired 25 of Saudi Airlines' McDonnell Douglas MD-90 aircraft. All of these aircraft have been dismantled in Roswell and recycled for their engines and component parts.