NEW YORK & CORAL GABLES, Fla.–(Business WIRE)–Dec 22, 2020–
AerSale Corp., an integrated, diversified world chief in aviation aftermarket items and services, and Monocle Acquisition Corp. (“Monocle”) (NASDAQ: MNCL), a unique function acquisition enterprise, announced these days that they have consummated their small business blend (“Business Combination”). The Company Blend was accepted by Monocle stockholders at a unique conference held on December 21, 2020. Commencing on December 23, 2020, the recently mixed company, named AerSale Company (“AerSale”), will trade its frequent inventory on the Nasdaq Capital Industry beneath the ticker image “ASLE” and its warrants beneath “ASLEW”.
Nicolas Finazzo, Chairman and Chief Government Officer of AerSale, explained, “We are pleased to mark this new chapter for AerSale. The transaction strengthens our economical posture, and gives us with means to further execute on our plans to develop our asset purchase software, lengthen our access in passenger-to-freighter conversions and deliver our innovative AerAware engineering to current market. Our 10 years-long relationship with our anchor investor Leonard Inexperienced & Companions will proceed publish-merger and turning into a general public enterprise will further fortify our name as a current market leader in aviation aftermarket answers.”
Headquartered in Coral Gables, Florida and with strategically found working facilities, AerSale serves a developing world wide buyer foundation. The Company’s management crew, averaging close to 25 a long time of straight associated multi-disciplined sector encounter, has established consumer associations across big airlines, cargo operators, MRO retailers, OEMs, federal government entities, and aircraft leasing organizations. Supported by proprietary plane, motor and ingredient pricing, utilization and transaction data, special fleet analytics, and a highly structured chance identification and valuation method, AerSale’s management has shown economic success across economic cycles, and has very well-positioned the Enterprise to mature in the swiftly increasing professional aviation aftermarket sector.
Eric Zahler, Chief Government Officer and President of Monocle, claimed, “We are psyched to see this merger productively understood and congratulate AerSale on this milestone. We appear ahead to AerSale continuing to be the leader in the aviation aftermarket and we believe that this transaction will present substantial opportunities to make lengthy-time period shareholder value. The organization is perfectly positioned with a resilient small business model and solid management crew.”
Monocle is being recommended by PJT Companions Cowen Cadwalader, Wickersham & Taft LLP Greenberg Traurig, LLP and Alton Aviation Consultancy. AerSale is currently being suggested by RBC Funds Markets Harris Williams and Latham & Watkins LLP. ICR, LLC is serving as communications advisor to AerSale.
AerSale serves a varied client foundation running huge jets created by Boeing, Airbus and McDonnell Douglas and is dedicated to furnishing built-in aftermarket solutions and solutions designed to enable aircraft owners and operators to know considerable savings in the operation, servicing and monetization of their aircraft, engines, and parts. AerSale’s choices incorporate: Plane & Part MRO, Plane and Motor Profits and Leasing, Utilized Serviceable Materials profits, and internally developed ‘Engineered Solutions’ to enhance aircraft efficiency, operating economics and fulfill FAA mandates (e.g. AerSafe™, AerTrak™, and now AerAware™).
For more information and facts, you should go to www.aersale.com.
For AerSale press elements, including photographs, be sure to check out www.aersale.com/media-center
For traders, remember to check out ir.aersale.com.
Ahead Hunting Statements
This push release includes “forward-looking statements” within the indicating of the “safe harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Monocle’s and AerSale’s actual results may well differ from their anticipations, estimates and projections and as a result, you ought to not depend on these forward on the lookout statements as predictions of long run gatherings. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and comparable expressions are meant to detect these types of ahead-searching statements. These forward-on the lookout statements involve, devoid of limitation, Monocle’s and AerSale’s anticipations with respect to long run efficiency and expected fiscal impacts of the consummation of the transactions explained in this push release (the “Business Combination”). These forward-searching statements include important hazards and uncertainties that could bring about the genuine results to vary materially from the envisioned benefits. Most of these factors are exterior Monocle’s and AerSale’s management and are tough to forecast. Variables that may result in such variations consist of, but are not confined to: (1) the effect of the COVID-19 pandemic on the aviation sector and the aviation aftermarket field normally, and on AerSale’s company in certain (2) the final result of any legal proceedings that may be instituted from Monocle and AerSale pursuing the commencement of the Enterprise Combination (3) the incapacity to acquire or retain the listing of the shares of prevalent stock of the post-acquisition firm on The Nasdaq Stock Market place following the Organization Combination (4) the danger that the Business enterprise Mixture disrupts present-day strategies and functions as a result of the announcement and consummation of the Company Combination (5) the capacity to figure out the predicted added benefits of the Organization Combination, which may possibly be afflicted by, between other factors, competition, the capacity of the put together company to improve and take care of expansion profitably and keep its critical staff members (6) charges associated to the Company Mix (7) adjustments in relevant regulations or laws (8) the possibility that AerSale or the combined corporation may be adversely afflicted by other economic, organization, and/or aggressive elements and (9) other pitfalls and uncertainties indicated from time to time in the proxy statement/prospectus relating to the Small business Blend, together with all those less than “Risk Factors” therein, and in Monocle’s other filings with the SEC. Monocle cautions that the foregoing checklist of components is not unique. Monocle additional cautions readers not to spot undue reliance on any ahead-hunting statements, which talk only as of the date built. Monocle does not undertake to release publicly any updates or revisions to any ahead-hunting statements to replicate any modify in its anticipations or any adjust in activities, situations or situation on which any these kinds of assertion is centered except required to do so beneath applicable law.
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PUB: 12/22/2020 04:05 PM/DISC: 12/22/2020 04:05 PM