Aersale Corporation
09/22/2024 | Press release | Distributed by Public on 09/23/2024 07:41
AerSale® Partners with Global Leader to Supply Surplus Aviation Parts
CORAL GABLES, FL, September 22, 2024- AerSale® (NASDAQ: ASLE), a leading provider of aviation products and services, is pleased to announce a new partnership with a major global transportation company to manage and sell surplus aviation parts. This strategic collaboration will enable AerSale to offer a broad range of high-quality, reliable parts to the commercial aviation industry, extending the lifecycle of aircraft and enhancing operational efficiency for airlines worldwide.
Under the terms of the agreement, AerSale will receive surplus parts from the transportation company's fleet, including components from Airbus A300, Boeing 757, and MD-11 aircraft. These parts, all meticulously maintained to meet the stringent safety and performance standards of the fleet, will be added to AerSale's extensive inventory and made available to commercial airlines, MROs, and other aviation stakeholders.
This agreement marks a significant milestone for AerSale, reinforcing its position as a key player in the aviation aftermarket industry. By leveraging the surplus inventory from this major global transportation partner, AerSale will not only broaden its product offering but also provide cost-effective solutions to commercial operators looking to maintain or upgrade their aircraft.
"AerSale is excited to collaborate with such a renowned partner in this mutually beneficial partnership," said Gary Jones, Chief Operating Officer and President -Materials Group of AerSale. By bringing these high quality, fleet-maintained parts to market, we are able to provide our customers with reliable and cost- effective options, ensuring the longevity and efficiency of their aircraft."
For the transportation company, the sale of surplus spare parts through this partnership represents a strategic opportunity to optimize asset utilization and recoup value from excess inventory. Partnering with AerSale will allow the company to maximize the return on their investment in aircraft parts that are no longer needed within their fleet but still hold significant value in the marketplace. This initiative not only contributes to their financial objectives but also aligns with their commitment to sustainability by extending the lifecycle of aviation components.
The aviation industry has been facing challenges related to supply chain constraints and the rising cost of new parts. AerSale's USM parts program offers a timely solution, ensuring that critical components are available to keep aircraft flying safely and efficiently. The partnership with this leading global transportation company, known for its rigorous maintenance standards, ensures that the parts will meet or exceed industry expectations.
AerSale's commitment to quality and customer service, combined with the transportation company's extensive operational expertise, positions this partnership as a significant advancement for both companies and the broader aviation community.
About AerSale
AerSale is a global leader in the supply of aftermarket aircraft, engines, OEM used serviceable material, and asset management services. AerSale specializes in aircraft and component MRO, as well as aircraft modifications, engineering services, and aircraft leasing. Headquartered in Coral Gables, Florida, AerSale serves a diverse customer base across the commercial aviation, government, and defense sectors.
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Source: AerSale Corporation