AerSale Corp (ASLE)

AerSale is a commercial aviation aftermarket business that buys, fixes, and sells aircraft—plus the engines, landing gear, and systems that go inside them. When airlines retire a jet or need major maintenance, AerSale either services it in-house, leases it back into the market, or breaks it down for parts. The company serves cargo and passenger airlines, leasing companies, maintenance providers, and government contractors worldwide.

The business splits two ways. Asset Management Solutions buys aircraft and engines, either to lease back to operators or to strip for components and parts. Technical Operations (TechOps) runs the actual repair and modification shops—heavy maintenance, landing gear overhauls, cargo conversions, thrust reversers, hydraulics, and end-of-life disassembly. When a 30-year-old freighter gets pulled from service, AerSale is the kind of outfit that’ll either convert it for a new cargo airline or methodically pull out everything salvageable.

The company went public in late 2020 through a SPAC merger, trading under ASLE on Nasdaq. Its fortunes hinge on fleet utilization—when airlines fly full schedules and old aircraft stay in service longer (instead of getting scrapped immediately), there’s more work for shops like this and more used equipment to buy and resell. Recent revenue has climbed sharply as capacity concerns and long delivery backlogs on new aircraft keep older planes flying, which directly props up aftermarket demand.

Main service lines:

Aircraft and engine sales and leasing
Component teardown and parts sales
Heavy maintenance and major modifications
MRO for landing gear, hydraulics, and avionics
Cargo and tanker conversions
Aircraft storage and end-of-life services