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An announcement from AerSale Corporation ( (ASLE) ) is now available.
On March 14, 2025, AerSale Corporation announced a strategic move to repurchase approximately 6.428 million shares from its major shareholder, Leonard Green & Partners, L.P., at $7.00 per share, effectively reducing its outstanding share count by 12%. This transaction, expected to close on March 18, 2025, aims to strengthen shareholder value and mitigate market volatility as Leonard Green & Partners transitions out of its long-term role. Concurrently, Jonathan Seiffer resigned from the board of directors, with the company expressing gratitude for his 15 years of service. The repurchase will be funded with cash on hand and available credit, following an amendment to the company’s credit agreement to facilitate the transaction.
More about AerSale Corporation
AerSale Corporation is a leading provider of aviation products and services, serving airlines operating large jets manufactured by Boeing, Airbus, and McDonnell Douglas. The company offers integrated aftermarket services and products designed to help aircraft owners and operators realize significant savings in the operation, maintenance, and monetization of their aircraft, engines, and components. AerSale’s offerings include Aircraft & Component MRO, Aircraft and Engine Sales and Leasing, Used Serviceable Material sales, and internally developed ‘Engineered Solutions’ to enhance aircraft performance and operating economics.
YTD Price Performance: 36.20%
Average Trading Volume: 319,596
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $446.4M
For an in-depth examination of ASLE stock, go to TipRanks’ Stock Analysis page.