AerSale® Announces Appointment of Two New Board Members and Upcoming Board Transitions
Board Appointments: AerSale Corporation has appointed Carol DiBattiste and Thomas Mitchell to its Board of Directors, with DiBattiste filling a vacancy and Mitchell joining as an additional member. Both bring extensive experience in governance, compliance, and operational efficiency from various sectors.
Leadership Transition: Current board members Peter Nolan and General C. Robert Kehler will not seek re-election at the upcoming annual stockholders meeting, while the board will maintain seven members after these transitions. CEO Nicolas Finazzo expressed gratitude for their contributions and welcomed the new appointees.
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AerSale Expands to 90,000 Sq. Ft. MRO Facility
- Facility Expansion: AerSale's new Aerostructures MRO facility in Hialeah Gardens, Florida, spans 90,000 square feet, three times larger than the previous Medley location, significantly enhancing production capacity and efficiency to meet the growing demands of the aviation market.
- Advanced Equipment Investment: The new facility is equipped with state-of-the-art heating ovens, paint booths, and sanding booths capable of handling larger components like Boeing 777 and Airbus A330 airframes, improving repair reliability and turnaround times, thereby increasing customer satisfaction.
- Strategic Location Advantage: Located between Miami International Airport and Fort Lauderdale-Hollywood International Airport, the Hialeah Gardens facility offers logistical advantages for airlines and operators, optimizing service efficiency and further solidifying AerSale's competitive position in the Americas.
- Business Growth Potential: CEO Nicolas Finazzo stated that this expansion not only enhances the company's MRO capabilities but also lays the groundwork to meet evolving fleet demands, demonstrating AerSale's ongoing commitment to investing in infrastructure and technology.
AerSale sets $25M MRO revenue goal for 2026 and grows recurring lease portfolio
Management Insights: AerSale Corporation reported Q3 2025 revenue of $71.2 million, a decline attributed to the absence of engine or aircraft sales, but overall business grew 18.5% driven by leasing revenue and strong inventory. Adjusted EBITDA improved to $9.5 million, reflecting better margins from leasing and cost control efforts.
Strategic Shift: The company is focusing on recurring leasing revenue, balancing whole asset transactions with leased assets. Management expressed optimism about the 757 passenger to freighter conversion program and the completion of new MRO facilities, which are expected to drive revenue growth in 2026 and beyond.
Financial Performance: Q3 gross margin increased to 30.2%, with operating income at $2.9 million and a net loss of $0.1 million. The company ended the quarter with $58.9 million in liquidity, including cash and available credit.
Analyst Sentiment and Risks: Analysts displayed optimism regarding growth and operational execution, shifting focus from cost control to recurring revenue. However, challenges include limited supply of attractively priced feedstock and long engine repair turnaround times, alongside uncertainties related to regulatory deadlines for AerSafe.
