AerSale expands board with two new directors

MIAMI - AerSale Corporation (NASDAQ:ASLE), a prominent aviation products and services provider with a market capitalization of approximately $400 million and year-to-date stock gains of over 21%, today revealed the addition of Carol DiBattiste and Thomas Mitchell to its Board of Directors. DiBattiste fills the vacancy left by Jonathan Seiffer’s March 14, 2025 departure, while Mitchell joins as a new member. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value metrics.

Carol DiBattiste’s extensive background includes roles such as Under Secretary of the U.S. Air Force, Deputy Administrator at the TSA, and Deputy U.S. Attorney for the Southern District of Florida. Her corporate governance experience is complemented by executive positions at QOMPLX, Comscore, and LexisNexis, among others. DiBattiste also has public board experience, having served as Chair of AEYE and a board member of Climb Global Solutions.

Thomas Mitchell brings a wealth of experience in global supply chain management and operations from his time as Chief Procurement Officer at GE Healthcare and Akumin, and as President of iAero Thrust. His strategic and operational insights are expected to benefit AerSale’s Board significantly.

The company also announced that Peter Nolan and General C. Robert Kehler will not seek re-election at the upcoming annual stockholders meeting on June 5, 2025, but will serve until then. Following these transitions, AerSale’s Board will consist of seven members.

Nicolas Finazzo, CEO and Chairman of the Board of AerSale, expressed confidence in the new appointees’ ability to contribute to the company’s strategic goals and thanked Nolan and Kehler for their service.

AerSale specializes in aftermarket services for Boeing, Airbus, and McDonnell Douglas aircraft, offering maintenance, sales, leasing, and proprietary solutions like AerSafe®, AerTrak®, and AerAware™. The company maintains a strong financial position with a current ratio of 3.79 and generates annual revenue of $345 million. InvestingPro data reveals 12 additional key insights about AerSale’s performance and potential, available in the comprehensive Pro Research Report.

The information in this article is based on a press release statement from AerSale Corporation.

In other recent news, AerSale Corporation reported its fourth-quarter 2024 earnings, aligning with analysts’ expectations by delivering an earnings per share (EPS) of $0.09 and surpassing revenue forecasts with $94.7 million. This performance marks a slight increase from the previous year’s revenue of $94.4 million. The company’s adjusted EBITDA saw a significant year-over-year rise of 118%, attributed to improved operational efficiency and increased demand for its products and services. In addition, AerSale announced a definitive agreement to repurchase approximately 6.428 million of its shares from Leonard Green & Partners, L.P., which will reduce the company’s outstanding shares by around 12%. This share repurchase will be financed using AerSale’s available cash and its revolving credit facility. Furthermore, AerSale’s CEO, Nick Finazzo, expressed gratitude for Jonathan Seiffer’s 15 years of service as he resigned from the Board of Directors. Analysts have noted the company’s strategic focus on expanding its lease pool and MRO revenue in 2025, indicating a promising outlook for the upcoming year.

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