AerSale (ASLE) 2026 Jefferies Space Virtual SummitSpace Virtual Summit summary

Market dynamics and business overview

• Operates at the intersection of trading, leasing, and MRO for mid-life aircraft and engines, providing flexibility and multiple revenue streams.

• Asset Management Solutions focuses on trading, leasing, and USM, with a shift toward recurring revenue from USM and leasing.

• TechOps includes six MRO facilities with significant unused capacity, supporting future growth without major capital investment.

• Strong market supported by aging fleets, high passenger demand, and supply chain constraints, extending aircraft service life.

• Integrated model enables pricing flexibility and asset sourcing advantages over single-line competitors.

Pricing, demand, and market trends

• Asset and MRO demand remains at historic highs, driven by OEM delays, aging fleets, and limited MRO capacity.

• Pricing remains strong despite concerns over fuel prices and airline-specific events; high demand persists.

• Value-added solutions like USM and engine leasing are increasingly attractive in cost-sensitive environments.

• No significant impact from jet fuel prices yet; maintenance demand remains robust as long as aircraft are in service.

• Lease rates, especially for engines, have improved quarter-over-quarter due to tight availability and high demand.

USM and asset management insights

• USM accounts for over 50% of Asset Management revenue, with over $120 million in USM sales last year.

• USM demand is strong due to cost advantages over new parts and limited market supply.

• Aircraft retirements would increase USM inventory opportunities, but retirements remain below expectations.

• Operators are holding onto reliable platforms like 737NG and A320ceo, delaying retirements until at least 2027-2028.

• Increased retirements would be welcomed as a chance to acquire more USM inventory.