AerSale Corp (OQ:ASLE)

Sector:  Industrials Industry:  Aerospace & Defense
See Regulatory Filings on SEC
Company Contact
Address: 255 Alhambra Circle, Suite 435
Tel: N/A
Website: N/A
Key People
Nicolas Finazzo
Chairman of the Board, Chief Executive Officer, Division President, TechOps
Robert Nichols
Vice Chairman of the Board, Division President, Asset Management Solutions
Martin Garmendia
Chief Financial Officer, Treasurer, Secretary
Basil Barimo
Division President - MRO Services
Gary Jones
Division President - Airframe and Engine Materials
Craig Wright
Division President - Aircraft and Engine Management
James A. Fry
Executive Vice President, General Counsel, Company Secretary
Iso Nezaj
Chief Technology Officer, Division President - Engineered Solutions
Charles P. McDonald
Chief Technical Officer, Division President - Heavy MRO Services
Business Overview
AerSale Corporation provides a service support to owners and operators of used commercial aircraft who lack the infrastructure. The Company's segments include Asset Management Solutions and Technical Operations (TechOps). Asset Management Solutions activities include the sale and lease of aircraft and engines, as well as the disassembly of assets for component parts that can be utilized to support third-party sales and lower the cost to maintain its portfolio of leased assets. business model provides an alternative to the supply of new aircraft, engines and parts traditionally sold by original equipment manufacturers or delivered new and leased by pure-play aircraft and engine leasing companies. TechOps segment provides nose-to-tail maintenance, repair and overhaul services on the commercial aircraft, engines and components. TechOps also provides maintenance and modification services for aircraft and their individual components.
Financial Overview
For the nine months ended 30 September 2022, AerSale Corp revenues increased 40% to $313.4M. Net income increased 39% to $34.7M. Revenues reflect Asset Management Solutions segment increase of 37% to $189.1M. Net income was partially offset by Selling/General/Admin Expense increase of 34% to $71.3M (expense), Payroll support program proceeds decrease from $14.8M (income) to $0K.
Employees: 509 as of Feb 17, 2022
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $430.20M as of Sep 30, 2022
EBITDA (TTM): $77.41M as of Sep 30, 2022
Net annual income (TTM): $45.85M as of Sep 30, 2022
Free cash flow (TTM): $42.93M as of Sep 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 51,774,665 as of Nov 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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