TIMELINE
Key milestones in AerSale’s global expansion
Founded to meet the needs of mid-life flight equipment stakeholders, AerSale has grown through strategic acquisitions, facility expansions, and product innovations, continually enhancing its aviation aftermarket solutions.
AerSale Expands AeroStructures MRO with New Hialeah Gardens Facility
AerSale expanded its AeroStructures MRO operations with a larger, more efficient facility in Hialeah Gardens. Designed to enhance productivity and throughput, the shop continued providing expert repair and overhaul services for flight control surfaces, nacelles, and thrust reversers for commercial and military aircraft.
AerAwareTM Receives Boeing 737NG Supplemental Type Certificate
On December 6, 2023, the FAA issued AerSale a Supplemental Type Certificate (STC) for AerAware, marking it as the first system certified with a complete dual-pilot Enhanced Flight Vision System (EFVS) solution featuring a head-wearable display.
AerSale's Enhanced Flight Vision System, AerAware, Is First to Achieve 50% Visual Advantage
AerAware became the first commercial system to successfully achieve a 50% visual advantage over the naked eye in low visibility operations.
AerSale Announces New Location In Millington, TN
AerSale Corporation has signed a lease agreement with the Millington Airport Authority, establishing a maintenance, repair, and overhaul (MRO) facility at Millington-Memphis Airport. The new 112,000 square foot hangar and three acres of ramp space will support the housing and servicing of aircraft, marking a significant expansion for the company.
AerSale Commences AerAware EFVS Flight Testing
AerSale began flight testing for AerAware, its Enhanced Flight Vision System (EFVS) featuring Universal Avionics ClearVision™ components, on a specially modified commercial Boeing 737-800 experimental aircraft.
AerSale Trades on NASDAQ Under Ticker ASLE
On December 22, 2020, AerSale Corporation became a public company through a Special Purpose Acquisition Company (SPAC). Its common stock began trading on NASDAQ under the ticker symbol ASLE, with warrants listed under ASLEW.
AerSale Acquires 24 Boeing 757-200 Aircraft and Spare RB211 Engines
AerSale entered into an agreement with a major U.S. airline to acquire 24 Boeing 757-200 aircraft, along with additional Rolls-Royce RB211 spare engines, expanding its Used Serviceable Material (USM) offerings and feedstock for freighter conversions.
AerSale Acquires Aircraft Composite Technologies, Inc.
AerSale expanded its MRO capabilities with the acquisition of Aircraft Composite Technologies, Inc., enhancing its expertise in aerostructure repairs including control surfaces, nacelles, engine cowlings, and thrust reversers.
AerSale Acquires Qwest Air Parts, Inc.
AerSale expanded its airframe parts sales, dismantlement, and refurbishment services with the acquisition of Qwest Air Parts, Inc.
AerSale Acquires Avborne Component Solutions
AerSale expanded its MRO capabilities with the acquisition of Avborne Component Solutions, strengthening its component repair and overhaul services.
AerSale Acquires Goodyear MRO Operations Center
AerSale expanded its MRO capabilities by acquiring the Goodyear MRO Operations Center in Arizona, enhancing its capacity for heavy maintenance, storage, and passenger-to-freighter conversions.
AerSale Develops and Delivers First AerSafe® STC for Fuel Tank Ignition Mitigation
AerSale developed and delivered its first STC for AerSafe, a fuel tank ignition mitigation solution designed to meet FAA-mandated Fuel Tank Flammability Reduction (FTFR) requirements.
AerSale Acquires Rio Rancho Component MRO
AerSale expanded its MRO capabilities by acquiring the Rio Rancho-based component repair facility, specializing in landing gear MRO.
AerSale Negotiates 737-400 Lease and Purchase with U.S. Department of Justice
AerSale secured a lease agreement through strategic negotiations with the U.S. Department of Justice, leading to the ultimate purchase of a Boeing 737-400.
AerSale Awarded First Multi-Million Dollar U.S. Government Contract
AerSale secured its first multi-million dollar U.S. government contract to provide USM support for F108 aircraft engine maintenance.
AerSale Acquires 26 Saudia Airlines MD-90s and 63 V2500 Engines
AerSale expanded its aircraft and engine portfolio with the acquisition of 26 Saudia Airlines McDonnell Douglas MD-90 aircraft and 63 IAE V2500 engines.
AerSale Acquires 19 Japan Airlines 747-400s and 76 CF6-80C2 Engines
AerSale expanded its aircraft and engine portfolio with the acquisition of 19 Japan Airlines Boeing 747-400 aircraft and 76 GE CF6-80C2 engines.
AerSale Expands Globally and Acquires Roswell MRO Operations
AerSale acquired the Great Southwest Aviation MRO Operations Center in Roswell, New Mexico, and expanded its global presence by opening regional offices in the United Kingdom, Singapore, and Ireland.
AerSale Makes First Major Fleet Acquisition
AerSale completed its first large-scale acquisition with 44 UPS McDonnell Douglas DC-8 aircraft and 180 CFM International CFM56 engines, establishing its foundation in the aftermarket aircraft and engine sector.
AerSale Is Founded