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MIAMI, July 24, 2026 (GLOBE NEWSWIRE) -- AerSale Corporation (NASDAQ: ASLE) (the “Company”), announced today that it will release its earnings results for the second quarter ended June 30, 2026, on Thursday, August 6, 2026, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.

MIAMI, March 31, 2026 (GLOBE NEWSWIRE) -- AerSale Corporation (NASDAQ: ASLE) (the “Company”), a leading global provider of aviation aftermarket products and services, announced the lease of a Boeing 757-200 Precision Converted Freighter (PCF) aircraft to Stratos Freight, an emerging all-cargo airline based in Tashkent, Uzbekistan.

Stratos Freight is strategically positioned at the intersection of Asia and Europe, operating along key trade routes connecting China, the Middle East, and Europe. The addition of the Boeing 757-200PCF enhances the airline’s medium-widebody freighter fleet and supports its growing scheduled and charter cargo operations throughout Central Asia and beyond.

“The Boeing 757 freighter continues to be a highly versatile and efficient platform for regional cargo operations,” said Craig Wright, AerSale’s Senior Vice President and Head of Asset Management. “We are pleased to partner with Stratos Freight as they expand their network and strengthen their position in a rapidly growing logistics market. This lease reflects AerSale’s ability to deliver tailored asset solutions that meet the evolving needs of cargo operators worldwide.”

The Boeing 757-200PCF offers a unique combination of payload capability, range, and operating economics, making it well-suited for express and regional cargo missions. Its deployment with Stratos Freight is expected to enhance connectivity across high-demand trade lanes where efficiency and reliability are critical.

“We are excited to welcome the Boeing 757-200PCF into our fleet,” said Captain Mukhtar T. Khaitov, CEO of Stratos Freight. “This aircraft will play a key role in expanding our operational capabilities and supporting our mission to deliver efficient, reliable cargo solutions across Central Asia and key international markets.”

This transaction underscores AerSale’s integrated business model, leveraging its expertise in aircraft leasing, freighter conversions, and asset management to deliver value-driven solutions to airline partners globally.

About AerSale

AerSale serves airlines operating large jets manufactured by Boeing, Airbus and McDonnell Douglas and is dedicated to providing integrated aftermarket services and products designed to help aircraft owners and operators to realize significant savings in the operation, maintenance and monetization of their aircraft, engines, and components. AerSale’s offerings include Aircraft & Component MRO, Aircraft and Engine Sales and Leasing, Used Serviceable Material sales, and internally developed ‘Engineered Solutions’ to enhance aircraft performance and operating economics (e.g. AerSafe®, AerTrak®, and AerAware™ Enhanced Flight Vision System).

About Stratos Freight
Stratos Freight is all-cargo airline based in Tashkent, Uzbekistan, strategically positioned at the crossroads of Asia and Europe. They specialize in high-efficiency airfreight services, offering scheduled and charter operations across major logistics routes connecting China, the Middle East, and Europe.

Media:
For more information about AerSale, please visit our website:www.AerSale.com.
Follow us on: LinkedIn | Twitter | Facebook | Instagram

AerSale: Jackie Carlon
Telephone: (305) 764-3200

Email: [email protected]

Investor:
AerSale: [email protected]
Source: AerSale Corporation

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/556dbcd5-abb3-4f31-a639-4b7b8fd98208

AerSale Boeing 757-200 PCF Boeing 757-200 Precision Converted Freighter

First Quarter 2026 Highlights

Revenue of $70.6 million versus $65.8 million in the prior year periodNet loss of $3.5 million versus net loss of $5.3 million in the prior year periodAdjusted net income1 of $0.1 million versus adjusted net loss of $2.7 million in the prior year periodAdjusted EBITDA1 of $7.4 million versus adjusted EBITDA of $3.2 million in the prior year periodFeedstock acquisitions of $25.1 million versus $43.4 million in the prior year periodInventory of $369.5 millionAircraft and engines held for lease2 of $121.5 million
MIAMI, May 07, 2026 (GLOBE NEWSWIRE) -- AerSale Corporation (Nasdaq: ASLE) (“AerSale” or the “Company”) today reported first quarter 2026 financial results.

            (in thousands, except per-share amount)  (Unaudited)  Three Months Ended March 31,  2026  2025  Percent ChangeTotal revenue $70,614  $65,776  7.4 %Net loss  (3,450)  (5,277) 34.6 %Adjusted net income (loss)(1)  66   (2,665) 102.5 %Adjusted EBITDA(1)  7,360   3,174  131.9 %Diluted loss per share  (0.07)  (0.10) 30.0 %Adjusted diluted earnings (loss) per share(1)  0.00   (0.05) 100.0 %Feedstock acquisitions $25,056  $43,439  (42.3)%              First Quarter 2026 Results of Operations

The Company’s revenue for the first quarter of 2026 was $70.6 million, representing a 7.4% increase compared to $65.8 million in the first quarter of 2025, primarily driven by increased engine and B757 freighter leasing activity. Adjusted EBITDA1 in the first quarter of 2026 increased by $4.2 million to $7.4 million, or 10.4% of total revenue, representing an increase of 131.9% compared to $3.2 million, or 4.8% of total revenue, in the comparable prior year period. The increase in adjusted EBITDA1 was mainly driven by more equipment on lease and flight equipment sales during the period.

As a reminder to investors, the Company’s revenue is likely to fluctuate from quarter-to-quarter and year-to-year based on the timing of flight equipment sales and therefore, performance should be monitored based on the more recurring aspects of our business, which includes leasing, used serviceable material (“USM”) and maintenance repair and overhaul (“MRO”) activities.

In the first quarter of 2026, flight equipment sales were $5.2 million and consisted of one engine, compared to $1.8 million from one engine sold in the comparable prior‑year period. Excluding flight equipment sales, revenue grew 2.2% as the Company continued to expand the more recurring parts of its business. The increase was due in part to greater leasing revenue from an expanded lease pool, including the deployment of three Boeing 757 freighter aircraft, as well as continued growth in the engine leasing portfolio focused on high‑demand engine types that are expected to remain strong during the lease period. The Company also saw improved performance at the Goodyear, Arizona and Millington, Tennessee on-airport MRO facilities as the Company filled previously unutilized hanger capacity. This was partially offset by lower USM and MRO parts sales, as well as lower revenue from our Roswell, New Mexico facility due to lower stored aircraft.

Nick Finazzo, Chief Executive Officer at AerSale, stated, “Our first quarter performance reflects continued progress in growing the more recurring parts of our business through increased leasing activity and disciplined execution across our platform. During the quarter, we commenced work at our Millington facility following the award of a long‑term, multi‑line regional airline maintenance agreement and at our expanded Aerostructures facility. These expansion projects resulted in expected start‑up costs, which created modest margin pressure that we expect to normalize as volumes increase and operations mature.”

Mr. Finazzo continued, “We also continued to execute on our leasing strategy with the placement of an additional B757 freighter, ending the quarter with three aircraft on lease and one additional aircraft under letter of intent. With a strong inventory position and expanding capacity, we remain focused on monetizing our assets and delivering a more consistent earnings profile over time.”

Asset Management Solutions Segment (“AMS”) revenue increased 10.0% to $43.1 million during the first quarter of 2026 compared to $39.2 million in the first quarter of 2025. Excluding flight equipment sales, total revenue in the first quarter of 2026 increased 1.3% to $37.9 million from $37.5 million in the prior year, driven by increased leasing activity and favorable engine mix, partially offset by lower USM volume. The Company had 18 engines and three B757 freighter aircraft on lease in the current quarter, compared to 16 engines and one B757 freighter on lease in the prior year period.

Technical Operations (“TechOps”) revenue increased 3.4% to $27.5 million in the first quarter of 2026 compared to $26.6 million in the first quarter of 2025, driven primarily by higher revenue from on‑airport MRO operations. Revenue growth was led by increased storage work scope in Goodyear, Arizona and by the continued ramp‑up of operations in Millington, Tennessee in support for a recently awarded long term CRJ multi-line maintenance agreement. These increases were partially offset by lower MRO parts sales during the quarter.

Gross margin decreased to 26.7% for the first quarter of 2026 compared to 27.3% in the same period last year, as TechOps margins declined due to start‑up and training costs related to the CRJ lines in Millington and the expansion in Aerostructures. In addition, Goodyear incurred higher labor costs in the quarter as it ramped up labor in anticipation of demand during the remainder of the year.

Selling, general, and administrative expenses were $22.2 million in the first quarter of 2026 versus $24.6 million in the first quarter of 2025. AerSale incurred $1.8 million of share-based compensation expense in the first quarter of 2026 versus $1.2 million in the first quarter of 2025. The favorable cost reductions are a result of our efficiency initiatives that have reduced overall costs, as well as one-time severance charges incurred in the prior year period.

Loss from operations was $3.3 million in the first quarter of 2026 compared to $6.6 million in the first quarter of 2025.

Income tax benefit was $1.0 million in the first quarter of 2026, compared to $0.7 million in the first quarter of 2025. The Company’s effective tax rate was 22.6% in the first quarter of 2026 compared to 12.0% in the first quarter of 2025.

Net loss for the first quarter of 2026 was $3.5 million, compared to a net loss of $5.3 million in the prior year. During the first quarter of 2026, the Company recognized $1.8 million of share-based compensation expenses within payroll expenses, $1.6 million in non-cash inventory write-downs, and $0.1 million in facility relocation costs. Excluding these non-cash and unusual items and adjusted for tax, adjusted net income1 was $0.1 million in the first quarter of 2026, compared to an adjusted net loss1 of $2.7 million in the first quarter of 2025.

Diluted loss per share was $0.07 for the first quarter of 2026 compared to a diluted loss per share of $0.10 in the first quarter of 2025. Adjusted for the non-cash and unusual items noted above, adjusted diluted earnings per share1 was $0.00 for the first quarter of 2026, compared to an adjusted diluted per share loss of $0.05 for the first quarter of 2025.

Conference Call Information

The Company will host a conference call today, May 7, 2026 at 4:30 pm Eastern Time to discuss these results. A live audio webcast will be available to the public on a listen-only basis at https://ir.aersale.com/news-events/events. An archived replay of the webcast will also be available on the Investors portion of the AerSale website at https://ir.aersale.com/ for one year.

Non-GAAP Financial Measures

This press release includes non-GAAP financial measures, including adjusted EBITDA, adjusted net income (loss), and adjusted diluted earnings (loss) per share. AerSale defines adjusted EBITDA as net income (loss) excluding interest expense, depreciation and amortization, income tax expense (benefit), and other non-cash, non-recurring or unusual items. Adjusted net income (loss) is defined as net income (loss) excluding mark-to-market adjustments relating to our private warrants, stock-based compensation expense, inventory write-offs and other non-cash, non-recurring or unusual items. Adjusted diluted earnings (loss) per share is adjusted net income divided by the diluted weighted average number of shares outstanding during the measurement period.

AerSale believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to AerSale’s financial condition and results of operations. AerSale’s management uses certain of these non-GAAP measures to compare AerSale’s performance to that of prior periods for trend analyses and for budgeting and planning purposes. These non-GAAP measures should not be construed as an alternative to net income (loss) or net income (loss) margin as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (each as determined in accordance with GAAP).

You should review AerSale’s financial statements and not rely on any single financial measure to evaluate AerSale’s business. Other companies may calculate adjusted EBITDA, adjusted net income (loss), or adjusted diluted earnings (loss) per share differently, and therefore AerSale’s adjusted EBITDA, adjusted net income (loss), or adjusted diluted earnings (loss) per share measures may not be directly comparable to similarly titled measures of other companies.

Reconciliations of net income (loss), the Company’s closest GAAP measure, to adjusted EBITDA, adjusted net income (loss), and adjusted diluted earnings (loss) per share, are outlined in the tables below following the Company’s condensed consolidated financial statements.

End Notes
(1)Adjusted net income (loss), adjusted EBITDA and adjusted diluted earnings (loss) per share are non-GAAP measures. See “Non-GAAP Financial Measures” and “Adjusted EBITDA, Adjusted Net Income (Loss) and Adjusted Basic/Diluted (Loss) Earnings Per Share Reconciliation Table” at the end of this press release for a discussion of why we believe these non-GAAP measures are useful together with a detailed reconciliation of these measures to their most directly comparable GAAP (Generally Accepted Accounting Principles) measure.  (2)Aircraft and engines held for lease refers to the financial statement line item Aircraft and engines held for lease, net on the Condensed Consolidated Balance Sheet, which is comprised of assets’ cost net of accumulated depreciation.   First Quarter 2026 Financial Results

AERSALE CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(in thousands, except share and per share data)
(Unaudited)     Three Months Ended March 31,  2026  2025 Revenue:      Products $35,304  $37,122 Leasing  11,846   7,501 Services  23,464   21,153 Total revenue  70,614   65,776 Cost of sales and operating expenses:      Cost of products  24,023   27,639 Cost of leasing  4,463   3,008 Cost of services  23,247   17,164 Total cost of sales  51,733   47,811 Gross profit  18,881   17,965 Selling, general and administrative expenses  22,213   24,612 Loss from operations  (3,332)  (6,647)Other (expense) income:      Interest expense, net  (2,130)  (1,181)Other income, net  1,007   1,888 Change in fair value of warrant liability  -   (57)Total other (expense) income, net  (1,123)  650 Loss before income tax provision  (4,455)  (5,997)Income tax benefit  1,005   720 Net loss $(3,450) $(5,277)       Loss per share:      Basic $(0.07) $(0.10)Diluted $(0.07) $(0.10)Weighted average shares outstanding:      Basic  47,240,034   52,338,258 Diluted  47,240,034   52,338,258         AERSALE CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheet
(in thousands, except share data)
(Unaudited)         March 31, December 31,  2026 2025Current assets:      Cash and cash equivalents $2,085 $4,379Accounts receivable, net of allowance for credit losses of $1,098 and $1,173 as of March 31, 2026 and December 31, 2025, respectively  47,116  42,654Income tax receivable  1,126  1,728Inventory:      Aircraft, airframes, engines, and parts  214,703  205,379Advance vendor payments  4,900  5,679Deposits, prepaid expenses, and other current assets  12,085  9,170Total current assets  282,015  268,989Fixed assets:      Aircraft and engines held for lease, net  121,489  102,361Property and equipment, net  31,998  32,006Inventory:      Aircraft, airframes, engines, and parts  154,783  158,385Operating lease right-of-use assets  28,873  30,130Deferred income taxes  9,735  8,784Deferred financing costs, net  925  1,024Other assets  578  586Goodwill  19,860  19,860Other intangible assets, net  17,810  18,347Total assets $668,066 $640,472       Current liabilities:      Accounts payable $31,260 $29,645Accrued expenses  7,198  7,233Income tax payable  324  329Lessee and customer purchase deposits  2,123  780Current operating lease liabilities  4,114  4,313Current portion of long-term debt  993  993Deferred revenue  724  530Deferred insurance proceeds  28,610  28,610Total current liabilities  75,346  72,433Revolving credit facility  137,796  110,053Long-term debt  1,036  1,284Long-term lease deposits  3,182  3,492Long-term operating lease liabilities  27,150  28,190Maintenance deposit payments and other liabilities  773  589Total liabilities  245,283  216,041Stockholders’ equity:      Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,241,615 and 47,221,513 shares as of March 31, 2026 and December 31, 2025, respectively  5  5Additional paid-in capital  278,531  276,729Retained earnings  144,247  147,697Total stockholders' equity  422,783  424,431Total liabilities and stockholders’ equity $668,066 $640,472    AERSALE CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)     Three Months Ended March 31,  2026  2025 Cash flows from operating activities:      Net loss $(3,450) $(5,277)Adjustments to reconcile net income to net cash used in operating activities      Depreciation and amortization  6,138   4,943 Amortization of debt issuance costs  99   90 Amortization of operating lease assets  18   53 Inventory reserve  2,732   829 Deferred income taxes  (951)  (403)Change in fair value of warrant liability  -   57 Share-based compensation  1,802   1,160 Changes in operating assets and liabilities:      Accounts receivable  (4,462)  (5,221)Income tax receivable  602   (239)Inventory  (29,941)  (39,709)Deposits, prepaid expenses, and other current assets  (2,915)  873 Other assets  8   (35)Advance vendor payments  779   107 Accounts payable  1,615   (6,647)Income tax payable  (5)  - Accrued expenses  (101)  (18)Deferred revenue  194   (857)Lessee and customer purchase deposits  1,033   1,251 Deferred insurance proceeds  -   3,700 Other liabilities  142   122 Net cash used in operating activities  (26,663)  (45,221)Cash flows from investing activities:      Acquisition of aircraft and engines held for lease, including capitalized costs  (2,074)  (1,128)Purchase of property and equipment  (1,052)  (2,411)Net cash used in investing activities  (3,126)  (3,539)Cash flows from financing activities:      Proceeds from long-term debt  -   220 Repayments of long-term debt  (248)  (151)Proceeds from revolving credit facility  83,043   148,943 Repayments of revolving credit facility  (55,300)  (55,100)Payments of debt issuance costs  -   (114)Purchase of treasury stock  -   (45,000)Taxes paid related to net share settlement of equity awards  -   (45)Net cash provided by financing activities  27,495   48,753        Decrease in cash and cash equivalents  (2,294)  (7)Cash and cash equivalents, beginning of period  4,379   4,698 Cash and cash equivalents, end of period $2,085  $4,691        Supplemental disclosure of cash activities      Income tax payments (refunds), net $3  $(191)Interest paid $2,030  $1,063 Supplemental disclosure of noncash investing activities      Reclassification of inventory to equipment held for lease, net $21,487  $3,509               AERSALE CORPORATION AND SUBSIDIARIES
Adjusted EBITDA, Adjusted Net Income (Loss) and Adjusted Basic/Diluted (Loss) Earnings Per Share Reconciliation Table
(in thousands, except per and percentage share data)
(Unaudited)               Three Months Ended March 31,     % of Total    % of Total  2026  Revenue 2025  RevenueReported net loss $(3,450) (4.9)% $(5,277) (8.0)%Addbacks:            Change in fair value of warrant liability  -  - %  57  0.1 %Share-based compensation  1,802  2.6 %  1,160  1.8 %Payroll taxes related to share-based compensation  -  - %  18  0.0 %Inventory write-off  1,615  2.3 %  -  - %Facility relocation costs  130  0.2 %  358  0.5 %Restructuring costs  -  - %  1,054  1.6 %Legal settlement  -  - %  400  0.6 %Income tax effect of adjusting items(1)  (31) (0.0)%  (435) (0.7)%Adjusted net income (loss) $66  0.1 % $(2,665) (4.1)%Interest expense, net  2,130  3.0 %  1,181  1.8 %Income tax benefit  (1,005) (1.4)%  (720) (1.1)%Depreciation and amortization  6,138  8.7 %  4,943  7.5 %Reversal of income tax effect of adjusting items(1)  31  - %  435  0.7 %Adjusted EBITDA $7,360  10.4 % $3,174  4.8 %             Reported basic (loss) per share $(0.07)    $(0.10)   Addbacks:            Change in fair value of warrant liability  -      0.00    Share-based compensation  0.04      0.02    Payroll taxes related to share-based compensation  -      0.00    Inventory write-off  0.03      -    Facility relocation costs  0.00      0.01    Restructuring costs  -      0.02    Legal settlement  -      0.01    Income tax effect of adjusting items  (0.00)     (0.01)   Adjusted basic earnings (loss) per share $0.00     $(0.05)                Reported diluted (loss) per share $(0.07)    $(0.10)   Addbacks:            Change in fair value of warrant liability  -      0.00    Share-based compensation  0.04      0.02    Payroll taxes related to share-based compensation  -      0.00    Inventory write-off  0.03      -    Facility relocation costs  0.00      0.01    Restructuring costs  -      0.02    Legal settlement  -      0.01    Income tax effect of adjusting items  (0.00)     (0.01)   Adjusted diluted earnings (loss) per share $0.00     $(0.05)    (1)The income tax effect of current period adjusting items is calculated at the Company's applicable statutory rate of 24% after considering federal and state tax rates.   Forward Looking Statements

This press release includes “forward-looking statements”. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this press release may constitute forward-looking statements, and include, but are not limited to, statements regarding our anticipated financial performance, including anticipations regarding improved financial results as a result of our recently awarded long-term CRJ maintenance contract and greater demand for AerSale’s USM business; expectations regarding feedstock and commercial demand; our growth trajectory; the expected operating capacity of our MRO facilities and demand for such services; and the sufficiency of our liquidity; AerSale’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” or the negative of these or other similar expressions are intended to identify such forward-looking statements. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors, Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), and its other filings with the SEC, including its subsequent quarterly reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Moreover, we operate in an evolving environment. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

About AerSale

AerSale is a global provider of integrated aviation aftermarket services and solutions, serving operators of Boeing, Airbus, and legacy McDonnell Douglas aircraft. The Company helps aircraft owners and operators optimize the value, safety, and operational efficiency of their fleets across the entire aircraft lifecycle.

AerSale’s comprehensive capabilities include aircraft and engine sales and leasing, used serviceable material (USM) sales, component and airframe MRO services, and FAA-certified engineered solutions. Through internally developed products such as AerSafe®, AerTrak®, and the AerAware™ Enhanced Flight Vision System, AerSale delivers innovative technologies that enhance aircraft performance, improve safety, and reduce operating costs.

With deep technical expertise and a fully integrated business model, AerSale provides everything customers need—through a single, trusted partner.

Media:
For more information about AerSale, please visit our website: www.AerSale.com.
Follow us on: LinkedIn | Twitter | Facebook | Instagram

AerSale: Jackie Carlon
Telephone: (305) 764-3200
Email: [email protected]

Investor:
AerSale: [email protected]

Source: AerSale Corporation

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AerSale NASDAQ: ASLE Chief Financial Officer Martin Garmendia said the aviation aftermarket remains supported by aging fleets, strong passenger demand and supply chain constraints that are extending the service lives of existing aircraft.

Speaking at Jefferies’ second annual MRO Summit, Garmendia described AerSale as operating at the intersection of three aftermarket businesses: trading and leasing mid-life aircraft and engines, tearing down assets for used serviceable material, or USM, and operating maintenance, repair and overhaul facilities.

“We do all that as one company, which gives us optionality that pure-play asset managers or pure-play MRO shops just don’t have,” Garmendia said.

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AerSale Emphasizes Integrated Aftermarket Model Garmendia said AerSale reports through two segments. Asset Management Solutions includes aircraft and engine trading, leasing and USM. The company typically acquires mid-life assets, often 12 to 15 years old, that have exited OEM maintenance or warranty periods. AerSale then decides whether to lease the asset, sell it whole or part it out.

The TechOps segment includes six MRO facilities: three on-airport heavy maintenance and modification sites in Goodyear, Arizona; Roswell, New Mexico; and Millington, Tennessee; and three component MRO locations, including two in Miami and a landing gear overhaul facility in Rio Rancho, New Mexico.

Garmendia said AerSale has “meaningful unused capacity” in its current footprint, allowing it to grow without significant new capital spending.

He said the company’s competitive position varies by segment, with AerSale competing against mid-life and end-of-life lessors, asset traders and parts providers in asset management, and against independent and OEM-affiliated MRO shops in TechOps. Its advantage, he said, comes from being able to evaluate an aging asset across multiple monetization paths.

Pricing and Demand Remain Strong Garmendia said demand for assets and acquisitions remains “extremely strong,” citing OEM delivery delays, issues with geared turbofan engines and an aging global fleet. He said the market remains competitive, particularly for assets that can be put into operation easily.

On the MRO side, he pointed to limited airframe maintenance capacity and long engine repair lead times. AerSale benefits, he said, from inventory it has already purchased and from available MRO capacity.

Asked about fuel prices and potential airline demand weakness, Garmendia said AerSale has not yet seen a measurable impact on maintenance demand. He said aircraft can operate with lower load factors, but as long as they remain in service, they still require maintenance and engines.

“It really would have to be something that really goes through on a much longer term basis” before aircraft are grounded, placed into storage programs or retired, he said.

USM Inventory and Leasing Are Key Focus Areas Garmendia said USM accounts for “a little over 50%” of AerSale’s Asset Management business. He said the company has increased inventory after having limited inventory two years ago, which has helped increase USM sales. He said USM revenue was more than $120 million last year.

USM parts typically offer operators a value proposition, often selling for 20% to 30% less than new parts, Garmendia said. He added that AerSale has also used some USM material to repair engines, particularly in the CFM56 market, when that provides a higher-return use of the inventory.

Garmendia said the company has been waiting for an increase in aircraft retirements, which would create more opportunities to buy assets for teardown. However, retirements have not increased as expected, including after COVID, due in part to OEM issues affecting aircraft and engines.

He identified 737 NG and A320ceo aircraft, along with CFM56 and V2500 engines, as platforms operators are likely to continue using because of their reliability and relatively low operating cost.

Lease rates have improved, particularly for engines, Garmendia said. He cited tight engine availability across mid-life and mature platforms, limited shop visit capacity, longer material lead times and issues with newer engines that are pulling spare capacity out of the market. AerSale has a little over 10 engines in repair and expects to place them into the market, he said.

GTF Issues Create Knock-On Demand Garmendia said AerSale is not directly involved in geared turbofan engine leasing, but the GTF situation is affecting platforms the company serves. Operators dealing with aircraft on ground are looking for replacement capacity, increasing demand for V2500 and CFM56 engines, he said.

At AerSale’s Goodyear facility, Garmendia said some aircraft are awaiting engines, including aircraft connected to Spirit Airlines’ wind down. He said AerSale is working with leasing companies on storage maintenance programs and efforts to return aircraft to the market once engines are available or new lessees are secured.

TechOps Growth and AI Use In TechOps, Garmendia said demand for heavy maintenance and modifications remains strong, supported by higher utilization, passenger demand and fleet age. He said AerSale’s Millington facility, which came online last year, has won an agreement with a domestic regional carrier for a full line maintenance program involving about three aircraft, bringing that facility to full capacity.

He also said AerSale’s landing gear facility has been awarded several contracts for this year, and its aerostructures facility recently opened after expanding capacity almost threefold.

On artificial intelligence, Garmendia said aviation is data-driven, especially regarding documentation and asset traceability. AerSale is using AI to analyze data for asset valuation, pricing and operational planning. He said the company has more than 15 years of data and is using AI to process it more efficiently and incorporate current market factors.

Garmendia said AI is currently focused more on the asset side, though AerSale is also exploring predictive maintenance and scheduling efficiencies in MRO. He said the company is unlikely to sell an AI product directly, but customers could benefit from more efficient processes.

Summarizing AerSale’s message to investors, Garmendia said aftermarket fundamentals remain strong, the company’s integrated model is its key differentiator, and AerSale is deliberately shifting its mix toward leasing, service and USM and away from opportunistic whole-asset sales to improve the consistency and visibility of earnings over time.

About AerSale NASDAQ: ASLEAerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear‐down and component overhaul, used serviceable material programs and end‐of‐life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.

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