Trade AerSale Corp - ASLE CFD

AerSale Corporation Company profile

About AerSale Corp

AerSale Corporation provides full-service support to owners and operators of used commercial aircraft who lack the infrastructure. It operates through two segments. Asset Management Solutions segment acquires mid-life commercial aircraft and engines from airlines and leasing companies as feedstock to support its business activities. Asset Management Solutions activities include the sale and lease of aircraft and engines, as well as the disassembly of these assets for component parts, such as used serviceable material (USM), which utilizes to support third-party sales and lower the cost to maintain its portfolio of leased assets. TechOps segment provides nose-to-tail maintenance, repair and overhaul (MRO) services on the commercial aircraft, engines and components, which serves the passenger, cargo and government sectors. Through its collective United States-based MRO facilities, the Company provides maintenance and modification services for aircraft and their individual components.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, AerSale Corp revenues increased 63% to $340.4M. Net income increased from $8.5M to $36.1M. Revenues reflect Products increase from $49.4M to $209.9M. Net income benefited from Interest Exp-Net of Capitalized Interest decrease of 40% to $980K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from $8.09 to $0.84.