DORAL, Fla.--(BUSINESS WIRE)--AerSale Corporation (NASDAQ: ASLE) (the “Company” or “AerSale”), a leading provider of aviation products and services, announced today that it entered into a definitive agreement to repurchase approximately 6.428 million shares of stock from its long-term private equity sponsor Leonard Green & Partners, L.P., at a negotiated price of $7.00 per share. Following the ...
AerSale stock surged 17%, reaching my $8.17 price target; I now project an 18% upside to $9.17, with a potential high of $14.34. Revenue grew 18.7% excluding whole asset sales, driven by strong used serviceable material sales, MRO demand, and a growing leasing portfolio. AerSale's risks include market conditions and trade turmoil, but opportunities lie in MRO expansion, AerSafe sales, and leasi...
AerSale Corporation (NASDAQ:ASLE ) Q4 2024 Results Conference Call March 6, 2025 4:30 PM ET Company Participants Christine Padron - Vice President of Compliance Nick Finazzo - Chairman and Chief Executive Officer Martin Garmendia - Chief Financial Officer Conference Call Participants Michael Ciarmoli - Truist Steve Strackhouse - RBC Capital Operator Good afternoon, everyone, and welcome to the ...
CORAL GABLES, Fla.--(BUSINESS WIRE)--AerSale Corporation (Nasdaq: ASLE) (the “Company” or “AerSale”) today reported results for the fourth quarter and full year ended December 31, 2024. The Company's revenue for the fourth quarter of 2024 was $94.7 million, compared to $94.4 million in the fourth quarter of 2023. In the fourth quarter of 2024, the Company sold $31.0 million of flight equipment,...
DORAL, Fla.--(BUSINESS WIRE)--AerSale Corporation (Nasdaq: ASLE) (the “Company”) announced today that Thomas Mullins was added to the board of directors effective immediately. With more than 30 years of investment banking experience at Raymond James, Mr. Mullins has a diverse financial background spanning more than 140 transactions as lead banker, particularly with middle market companies. He w...
CORAL GABLES, Fla.--(BUSINESS WIRE)--AerSale Corporation (NASDAQ: ASLE) (the “Company”) announced today that it will release its earnings results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 6, 2025, 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. Participants may access the call...
CORAL GABLES, Fla.--(BUSINESS WIRE)--AerSale Corporation (NASDAQ: ASLE) (the “Company”), today announced that the Company's Chief Executive Officer, Nicolas Finazzo will present at TD Cowen's 46th Annual Aerospace & Defense Conference on Wednesday, February 12, 2025 at 2:05 pm ET, as well as host investor meetings. The presentation will be webcast live and can be accessed through the link HERE ...
Q3 sales fell 10.6%, but margins improved. MRO capacity expansion expected to bolster EBITDA by $50 million annually. There are AerAware commercialization struggles, but AerSale is focused on MRO growth and disciplined asset acquisition with AerSafe sales prospects due to 2026 regulatory compliance. Increased price target to $8.17 driven by $70 million insurance claims, despite reduced EBITDA a...
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