AerSale Corporation (NASDAQ:ASLE) Q2 2023 Earnings Call Transcript

Nicolas Finazzo: Okay. Well, thank you to everyone on the line for joining our call today and for your interest in AerSale. There are a few points that I feel should be reiterated. Our business is purpose built and multi-dimensional, which enables us to drive growth and profitability across cycles. And even when certain parts of our business are under significant cyclical pressure. This isn’t always apparent in our consolidated results, as our diversification and end-to-end solution allow us to shift quickly and efficiently into areas of strength. This was most pronounced as we navigated through the pandemic, as we were able to pivot early into the cargo market that had record demand, which drove record results through the second half of 2022, even as the commercial side of the business was significantly impaired by travel restrictions.

These effects have unwound over the past 12 months. and our go-forward mix of business and growth drivers are substantially evolved as a result. But our prospects to add value to all stakeholders has never been stronger. Our commercial side of the business has demonstrated strong growth consistently as it recovers. We are entering the second half with record feedstock to support commercial demand. We have expanded our MRO capacity to enable further growth. We are working diligently on our M&A program to expand capacity and capability, and the eventual certification of AerAware will further drive our results. These are the primary factors that give us confidence into the second half and into 2024. And we look forward to keeping you guys updated on our progress.

Thanks, again.

Operator: This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.