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AerSale Corp

CIK: 17541703 Annual ReportsLatest: 2026-03-10

10-K / March 10, 2026

Revenue:$335,286,000
Income:$8,575,000

10-K / March 11, 2025

Revenue:$345,066,000
Income:$5,851,000

10-K / March 27, 2024

Revenue:$334,503,000
Income:-$5,563,000

10-K / March 10, 2026

AerSale Corporation

Company overview

AerSale operates two primary reporting segments that together support mid-life commercial aircraft:

  • Asset Management Solutions
  • TechOps (maintenance, repair and overhaul)

The company’s mission is to provide full-service support to owners and operators of mid-life aircraft, helping them maintain these assets cost-effectively through an integrated suite of services.

Asset Management Solutions (≈63% of 2025 revenue)

  • Business model: acquire flight equipment (airframes and engines) from airlines and lessors; monetize through sale and lease; disassemble end-of-life assets to recover used serviceable material (USM).
  • Revenue streams:
    • Sale and lease of whole aircraft and engines
    • Disassembly for USM parts
    • Third-party USM parts sales and related services
  • Strategic advantages: extend monetization over a longer asset lifecycle, cross-sell with TechOps services, and use USM to reduce customer costs.
  • Customer value: offers an alternative to buying new aircraft or parts by using integrated capabilities to optimize total value from flight equipment.

TechOps (≈37% of 2025 revenue)

  • Core offering: nose-to-tail MRO services for popular commercial aircraft, engines, and components, including disassembly and recycling for retiring aircraft.
  • Component and product focus:
    • Specialized component MRO (hydraulics, composites, pneumatics, fuel systems, electro-mechanical systems, interiors, etc.)
    • Engineered Solutions (proprietary repairs and modifications, STCs, PMA-based components) designed to lower maintenance costs and improve performance
  • Engineered Solutions examples:
    • AerSafe®: FAA/STC-approved fuel tank flammability mitigation solutions; approved by FAA for certain models and by EASA
    • AerAware™: Enhanced Flight Vision System (EFVS) with FAA approval for Boeing 737NG and related platforms
  • Regulatory and capabilities: FAA- and EASA-certified repair stations; PMA authority; STCs; airworthiness system integrations; in-house engineering to support MRO and modifications.

Government and international scope

  • Global footprint with six FAA/EASA-certified repair stations (airframe and/or components) and international approvals for Engineered Solutions.
  • Functional currency: U.S. dollar.
  • Substantial international business: non-U.S. customers accounted for about 46% of 2025 revenue.

Customers and revenue concentration

  • More than 1,000 customers worldwide.
  • Customer loyalty and multi-service engagement:
    • All of the top ten customers by revenue in 2025 had been customers for five years or more.
    • 67% of revenue from the top 100 customers came from customers using more than one service offering.

People and places

  • Employees: 704 worldwide as of February 1, 2026; approximately 117 contract workers.
    • About 99% of employees are based in the United States.
  • Key facilities:
    • Goodyear, Arizona: aircraft MRO, storage, modification, disassembly (TechOps)
    • Roswell, New Mexico: aircraft MRO, storage, disassembly, distribution (TechOps and Asset Management)
    • Millington, Tennessee: aircraft MRO, flight control surfaces, disassembly (TechOps)
    • Rio Rancho, New Mexico: landing gear MRO (TechOps)
    • Doral, Florida: corporate headquarters; Engineered Solutions; flight equipment management (Corporate, Asset Management, TechOps)
    • Miami, Florida: Engineered Solutions operations; component MROs (PMA, hydraulic/pneumatic/electro-mechanical)
    • Hialeah Gardens, Florida: flight control surfaces (TechOps)
    • Memphis, Tennessee: USM sales and distribution (Asset Management)
  • Space and capacity:
    • Combined facilities offer more than 530,000 square feet of hangar space and long-term storage capacity for up to 650 aircraft at main MRO sites.
    • USM parts distribution from a dedicated Memphis warehouse plus on-site storage at Roswell.

Intellectual property and product development

  • No patents; relies on trade secrets, proprietary analytics, market intelligence, and price modeling.
  • Engineered Solutions are developed internally and proceed through FAA approvals (STCs, PMA).
  • In-house FAA-designated and regulatory-approved personnel support design, repair, modification, and installation activities.

Growth and strategy

  • Broaden MRO capabilities using FAA “unlimited” repair station licenses.
  • Expand government business in the U.S. and abroad for USM and MRO services.
  • Grow Engineered Solutions offerings.
  • Expand geographic footprint and international allocations.
  • Pursue strategic acquisitions to extend capabilities and service offerings.

Corporate history

  • Monocle Acquisition Corporation formed in 2018; business combination completed December 22, 2020.
  • Post-merger, AerSale Aviation (formerly AerSale Corp.) and Monocle’s assets were combined and the company was renamed AerSale Corporation. AerSale Aviation became a wholly owned subsidiary.

Financial and operational metrics (selected)

  • 2025 revenue mix by segment:
    • Asset Management Solutions: ~63%
    • TechOps: ~37%
  • Non-U.S. revenue share (2025): ~46%
  • Top customer relationships: all top ten customers had 5+ years of engagement; 67% of 2025 revenue from the top 100 customers came from customers using more than one service offering
  • Employees: 704 worldwide as of February 1, 2026; 117 contract workers