AerSale's CIO Enrique Pizzi sells $14,434 in common stock

The sales were conducted under a pre-established Rule 10b5-1 trading plan, which Pizzi adopted on June 14, 2024. This plan was designed to cover tax withholding obligations related to the vesting of restricted stock units granted the previous year. For deeper insights into AerSale's financial health and detailed analysis, including 10+ additional ProTips and comprehensive valuation metrics, visit InvestingPro, where you'll find expert research reports covering 1,400+ US stocks. For deeper insights into AerSale's financial health and detailed analysis, including 10+ additional ProTips and comprehensive valuation metrics, visit InvestingPro, where you'll find expert research reports covering 1,400+ US stocks.

The sales were conducted under a pre-established Rule 10b5-1 trading plan, which Pizzi adopted on June 14, 2024. This plan was designed to cover tax withholding obligations related to the vesting of restricted stock units granted the previous year.

In other recent news, AerSale reported mixed third-quarter results for 2024. The company's overall revenue decreased to $82.7 million from $92.5 million in the same quarter the previous year. However, adjusted EBITDA significantly rose to $8.2 million from $1.9 million, driven by improved leasing revenue and strong demand in the USM and MRO segments. Core business revenue, excluding flight equipment sales, increased by 26%.

In addition to financial results, AerSale received an advance insurance payment of approximately $34.6 million. This follows an incident where a fire destroyed one of AerSale's secondary parts warehouses in Roswell, New Mexico. The company had filed a claim for approximately $67 million, representing the replacement value of the lost inventory.

AerSale is also advancing with expansion projects, including the Miami component and Aerostructures facilities, and the Millington MRO facility. The company is actively pursuing sales for AerAware and AerSafe products ahead of the 2026 regulatory deadline. These are the recent developments concerning AerSale.

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