AerSale

AerSale Announces Date for First Quarter 2024 Earnings Release Conference Call

Retrieved on: 
Wednesday, April 24, 2024
Air, Transport, Aerospace, Manufacturing, AerSale

AerSale Corporation (NASDAQ: ASLE) (the “Company”) announced today that it will release its earnings results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, after the market closes.

Key Points: 
  • AerSale Corporation (NASDAQ: ASLE) (the “Company”) announced today that it will release its earnings results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, 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 at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the AerSale Corporation earnings call.
  • An archived replay of the call will also be available on the Investors portion of the AerSale website at https://ir.aersale.com/ .

U.S. Federal Magistrate Judge Recommends Invalidation of Jetaire Patents in Lawsuit Against AerSale

Retrieved on: 
Friday, April 19, 2024
Legal, Professional Services, Air, Transport, Airbus, Risk, Magistrate, District court, HERE, AerSale, Judgement, Boeing, Aircraft

On December 17, 2020, Jetaire Aerospace filed a lawsuit against AerSale, alleging that AerSafe products infringe three patents held by Jetaire Aerospace (the “Jetaire Patents”).

Key Points: 
  • On December 17, 2020, Jetaire Aerospace filed a lawsuit against AerSale, alleging that AerSafe products infringe three patents held by Jetaire Aerospace (the “Jetaire Patents”).
  • AerSale filed various counterclaims against Jetaire and Mr. Williams, including seeking declaratory judgments that (i) AerSale’s AerSafe products do not infringe upon the Jetaire Patents and (ii) the Jetaire Patents should be declared invalid.
  • AerSale moved for judgment in its favor as a matter of law on its counterclaims regarding non- infringement and invalidity of Jetaire’s patents.
  • The U.S. Chief Magistrate Judge assigned to the case filed a report and recommendation on April 17, 2024, recommending that the District Court invalidate Jetaire’s patents and enter judgment in favor of AerSale on these counterclaims.

AerSale Announces Date for Fourth Quarter and Full Year 2023 Earnings Release Conference Call

Retrieved on: 
Wednesday, February 7, 2024
Air, Transport, Other Transport, AerSale

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, 2023, on Thursday, March 7, 2024, after the market closes.

Key Points: 
  • 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, 2023, on Thursday, March 7, 2024, 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 at 1-877-407-3982, international callers may use 1-201-493-6780, and request to join the AerSale Corporation earnings call.
  • An archived replay of the call will also be available on the Investors portion of the AerSale website at https://ir.aersale.com/ .

AerSale Announces Pricing of Secondary Offering of Common Stock

Retrieved on: 
Thursday, December 14, 2023
Professional Services, Air, Transport, Aerospace, Manufacturing, Finance, Sale, Telephone, Attention, Leonard Green & Partners, Vesey Street, Form, Form S-3, Partner, AerSale, Capital market, Prospectus, RBC Capital Markets, Equity capital markets, Offering, Security (finance)

AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) by affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced the pricing of the previously announced underwritten secondary offering (the “Offering”) by affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”), of 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).
  • The Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions.
  • No shares are being issued or sold by AerSale.
  • The Selling Stockholders will receive all of the proceeds from the Offering.

AerSale Announces Secondary Offering of Common Stock

Retrieved on: 
Wednesday, December 13, 2023
Air, Transport, Aerospace, Manufacturing, Sale, Telephone, Attention, Leonard Green & Partners, Vesey Street, S-3, Form, Partner, AerSale, Capital market, Prospectus, RBC Capital Markets, Equity capital markets, Offering, Security (finance)

AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering (the “Offering”) 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering (the “Offering”) 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”).
  • The Selling Stockholders expect to grant the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions.
  • No shares are being issued or sold by AerSale.
  • The Selling Stockholders will receive all of the proceeds from the Offering.

AerSale® Receives Boeing 737NG Supplemental Type Certificate for its Enhanced Flight Vision System “AerAware™”

Retrieved on: 
Wednesday, December 6, 2023
Air, Transport, Aerospace, Manufacturing, Elbit Systems, Carbon, Safety, Aircraft pilot, Synthetic, Engineering, Boeing, 737NG, Risk, Primary flight display, Multimedia, Weather, Display device, AerSale, STC, National Airspace System, Aircraft, EFVS, Supplemental type certificate, Accident, Certification, Benefit, Universal Avionics, ESG, Airline

AerSale developed the AerAware certification program under license with The Boeing Company, which included access to necessary technical services, maintenance, and engineering data.

Key Points: 
  • AerSale developed the AerAware certification program under license with The Boeing Company, which included access to necessary technical services, maintenance, and engineering data.
  • AerAware incorporates Synthetic Vision and Enhanced Vision Systems along with Primary Flight Display symbology, resulting in a user-controlled Combined Vision System that substantially increases situational awareness during all phases of flight including low visibility operations.
  • Additionally, AerAware greatly enhances flight crew situational awareness, which results in improved energy management during critical phases of flight.
  • The newly certified AerAware system is available exclusively through AerSale and its business partner Universal Avionics, an Elbit Systems company.

AerSale® Announces Retirement of Co-Founder and Vice Chairman Robert Nichols with Continued Board Membership

Retrieved on: 
Wednesday, November 22, 2023
Engineering, Aerospace, Manufacturing, Vice, Retirement, Asset management, Growth, AerSale, Knowledge, Culture, Management

Robert Nichols’ retirement will take effect on December 31, 2023, but he will continue to serve the Company as a dedicated member of the Board of Directors.

Key Points: 
  • Robert Nichols’ retirement will take effect on December 31, 2023, but he will continue to serve the Company as a dedicated member of the Board of Directors.
  • Nichols helped establish AerSale in 2008 and during his fifteen years with the Company he has played an instrumental role in the growth and success of the organization.
  • His strategic vision, leadership, and unwavering commitment to the Company’s mission have been invaluable.
  • Following his retirement, Nichols will remain a member of the Board of Directors, where he will provide his insights and expertise in guiding the Company’s future endeavors.

AerSale’s Enhanced Flight Vision System “AerAware™” is First to Achieve 50% Visual Advantage

Retrieved on: 
Monday, October 30, 2023
Software, Photography, Hardware, Technology, Air, Aerospace, Transport, Manufacturing, Weather, ESG, Universal Avionics, EFVS, AerSale, Safety, Carbon, Boeing, Maintenance, Elbit Systems, Engineering, Aviation, Risk, Enhanced flight vision system, B737NG, Universal, Algorithm, Accident, Aircraft, FAA, Aircraft pilot, Airline, Instrumentation, Jet fuel

The Company has successfully achieved a 50% visual advantage in low visibility operations over the naked eye for its AerAware™ Enhanced Flight Vision System (EFVS) on the Boeing B737NG aircraft, a first in commercial aviation1.

Key Points: 
  • The Company has successfully achieved a 50% visual advantage in low visibility operations over the naked eye for its AerAware™ Enhanced Flight Vision System (EFVS) on the Boeing B737NG aircraft, a first in commercial aviation1.
  • Visual advantage is defined as the difference between what a pilot can see using an EFVS as compared to what can be seen with the naked eye.
  • The 50% visual advantage breakthrough was achieved through a collaboration with Universal Avionics and Elbit Systems on AerSale’s AerAware STC.
  • This is the first system approved by the FAA for a 50% visual advantage and the only system approved at 50%.

AerSale Announces Date for Third Quarter 2023 Earnings Release Conference Call

Retrieved on: 
Wednesday, October 25, 2023
Air, Transport, Aerospace, Manufacturing, Other Manufacturing, Other Transport, AerSale

AerSale Corporation (NASDAQ: ASLE) (the “Company”) announced today that it will release its earnings results for the third quarter ended September 30, 2023, on Wednesday, November 8, 2023, after the market closes.

Key Points: 
  • AerSale Corporation (NASDAQ: ASLE) (the “Company”) announced today that it will release its earnings results for the third quarter ended September 30, 2023, on Wednesday, November 8, 2023, 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 at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the AerSale Corporation earnings call.
  • An archived replay of the call will also be available on the Investors portion of the AerSale website at https://ir.aersale.com/ .

Avelo Airlines Upgrades Pilot Compensation

Retrieved on: 
Tuesday, October 10, 2023
US Airways, Aerospace, Retirement, Security, Spirit Airlines, ATA Connection, CASS, Aircraft, Safety, Delta Air Lines, RDU, Shaun Ellis (wolf researcher), Flight Standards District Office, FAA, ILG, Midwest Airlines, Honeywell Aerospace, Marine Corps Air Station Iwakuni, Allegiant Air, JetBlue, Eastern Air Lines, ExpressJet, Aviation, Mesaba Airlines, CFO, Health, Atmosphere of Earth, Flight operations quality assurance, KCM, Propulsion, Grumman A-6 Intruder, Boeing 757, AerSale, America West Airlines, Martin, Boeing 767, Marines, EVP, VP-30, MCO, Boeing 777, BUR, Allegiant, Bombardier Aviation, Travel, Uniform, Life, Copa Airlines, NPS, Management, Airline, Health insurance, American Airlines, United Airlines, Hawaiian Airlines, HVN, Northwest Airlines, Avelo Airlines

HOUSTON, Oct. 10, 2023 /PRNewswire/ -- Avelo Airlines today announced it is upgrading pilot compensation to an hourly rate that exceeds all regional carriers and most Ultra-Low-Cost-Carriers (ULCC). The increase announced today is the fifth pay increase Avelo pilots have received since the airline took flight in April 2021.

Key Points: 
  • Avelo's leadership team embodies more than 400 years of collective aviation experience, including former executives from Allegiant Air, Delta Air Lines, Hawaiian Airlines, JetBlue Airways, Northwest Airlines, Spirit Airlines, United Airlines and US Airways.
  • Chief Pilot Captain Bob Lieser: Captain Lieser brings more than 20,000 flight hours and four decades of commercial aviation and flight operations leadership experience to Avelo.
  • During that period, he has flown for Virgin America, Midwest Airlines, Mesaba Airlines, and, most recently, Allegiant Air.
  • Head of Technical Operations Gary Martin: In addition to 12 years of executive roles at renowned aerospace companies Honeywell Aerospace and Bombardier Aerospace, Martin has held engineering and base maintenance leadership roles with Delta Air Lines, American Airlines, America West Airlines, and Eastern Airlines.