AerSale announces $45M share repurchase from major shareholder

AerSale (ASLE) announced that it entered into a definitive agreement to repurchase approximately 6.43M shares of stock from its long-term private equity sponsor Leonard Green & Partners, L.P., at a negotiated price of $7.00 per share. Following the close of the transaction, the company expects its outstanding share count to be reduced by approximately 12% and the transaction is expected to close on or around March 18. Concurrent with the announced stock transaction, the company also announced that Jonathan Seiffer will step down from the board of directors, effective immediately.