AerSale Acquires Avborne to Expand MRO Capabilities

CORAL GABLES, Fla.–(BUSINESS WIRE)–AerSale®,
a global supplier of mid-life aircraft, engines, used serviceable
material, and maintenance, repair, and overhaul (MRO) services, today
announced it has acquired aircraft component repair specialist Avborne.
Avborne is a certified Federal Aviation Administration (FAA) 145 repair
station in Miami, Florida, and a recognized leader in providing highly
technical and specialized repair services covering a broad range of
commercial and military aircraft systems, including hydraulic,
pneumatic, electronic, and landing gear components. Avborne’s formidable
in-house engineering development team is continuously introducing
innovative cost-saving repair and overhaul regimes as one of the few
component MROs operating today under the authority of an FAA Open Class
Rating. This licensing allows Avborne to initiate its own FAA repair
validation packages for expedited introduction of new repair and
overhaul capabilities well in advance of traditional MRO participants.
In conjunction with AerSale’s existing MRO facilities, the acquisition
of Avborne will enable AerSale to provide complete MRO services across
numerous aircraft platforms, from the component level through aircraft
heavy maintenance.

As a recognized leader in high-tech component repair development and
services, Avborne is the ideal partner for expanding our existing
portfolio of high-quality aviation products and MRO services,” said
Nicolas Finazzo, Chief Executive Officer at AerSale. “We are exhilarated
over the added value our customers will enjoy from AerSale’s expanding
family of integrated aircraft, engine, and component solutions.”

AerSale is a premier provider of one-stop services offering aircraft and
engine leasing, used serviceable material supply solutions, and
uncompromising MRO services to the world’s most demanding commercial and
governmental operators. The company’s MRO operations include heavy
aircraft maintenance and modification, parts manufacturing, and airframe
structure and mechanical component services, in addition to aircraft
storage, disassembly, and materials distribution. Avborne’s acquisition
will include the addition of approximately 100 skilled professionals and
technicians to the greater AerSale family, along with a
112,000-square-foot facility located near Miami International Airport.
Avborne’s quality assurance ratings include stringent compliance with
European Aviation Safety Agency (EASA), Civil Aviation Administration of
China (CAAC), AS9110C, and Coordinating Agency for Supplier Evaluation
(C.A.S.E.) certifications.

About AerSale

A global aviation leader celebrating its 10-year anniversary, AerSale
specializes in the sale, lease, and exchange of used aircraft, engines,
and components, in addition to providing a broad range of MRO and
engineering services for commercial aircraft and components. AerSale
also offers asset management services to owners of end-of-life aircraft
and engine portfolios. Headquartered in Coral Gables, Florida, AerSale
maintains offices and operations in the United States, Europe, and Asia.

For more information, visit our website at www.aersale.com
or contact AerSale Media Relations by calling (305) 764-3200 or via
e-mail at media.relations@aersale.com.

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