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AerSale Corp. and Monocle Acquisition Company Announce Closing of Enterprise Combination

NEW YORK & CORAL GABLES, Fla.–(Enterprise WIRE)–Dec 22, 2020–

AerSale Corp., an built-in, diversified international leader in aviation aftermarket merchandise and expert services, and Monocle Acquisition Corp. (“Monocle”) (NASDAQ: MNCL), a distinctive purpose acquisition enterprise, announced nowadays that they have consummated their company mix (“Business Combination”). The Business Mixture was authorized by Monocle stockholders at a specific meeting held on December 21, 2020. Commencing on December 23, 2020, the newly merged corporation, named AerSale Corporation (“AerSale”), will trade its prevalent inventory on the Nasdaq Funds Current market underneath the ticker symbol “ASLE” and its warrants below “ASLEW”.

Nicolas Finazzo, Chairman and Chief Executive Officer of AerSale, reported, “We are pleased to mark this new chapter for AerSale. The transaction strengthens our economic place, and delivers us with resources to further more execute on our strategies to broaden our asset acquire program, lengthen our arrive at in passenger-to-freighter conversions and bring our progressive AerAware engineering to market. Our 10 years-lengthy marriage with our anchor investor Leonard Eco-friendly & Partners will carry on write-up-merger and starting to be a general public company will additional reinforce our track record as a market chief in aviation aftermarket answers.”

Headquartered in Coral Gables, Florida and with strategically positioned working amenities, AerSale serves a increasing worldwide buyer foundation. The Company’s administration staff, averaging around 25 yrs of instantly associated multi-disciplined marketplace working experience, has founded shopper interactions throughout key airlines, cargo operators, MRO outlets, OEMs, federal government entities, and aircraft leasing companies. Supported by proprietary plane, engine and part pricing, utilization and transaction details, unique fleet analytics, and a highly structured option identification and valuation procedure, AerSale’s management has demonstrated economic good results across economic cycles, and has perfectly-positioned the Firm to increase in the quickly growing business aviation aftermarket sector.

Eric Zahler, Chief Govt Officer and President of Monocle, stated, “We are thrilled to see this merger properly understood and congratulate AerSale on this milestone. We glimpse forward to AerSale continuing to be the chief in the aviation aftermarket and we believe this transaction will supply substantial alternatives to deliver prolonged-expression shareholder benefit. The organization is properly positioned with a resilient small business product and powerful leadership crew.”

Monocle is remaining suggested by PJT Companions Cowen Cadwalader, Wickersham & Taft LLP Greenberg Traurig, LLP and Alton Aviation Consultancy. AerSale is being suggested by RBC Capital Markets Harris Williams and Latham & Watkins LLP. ICR, LLC is serving as communications advisor to AerSale.

About AerSale

AerSale serves a assorted purchaser foundation operating big jets manufactured by Boeing, Airbus and McDonnell Douglas and is focused to delivering built-in aftermarket providers and solutions made to enable plane entrepreneurs and operators to know significant discounts in the operation, servicing and monetization of their aircraft, engines, and components. AerSale’s offerings consist of: Aircraft & Part MRO, Plane and Motor Profits and Leasing, Used Serviceable Materials income, and internally created ‘Engineered Solutions’ to boost plane effectiveness, running economics and fulfill FAA mandates (e.g. AerSafe™, AerTrak™, and now AerAware™).

For more information and facts, you should visit www.aersale.com.

For AerSale press resources, which includes shots, remember to take a look at www.aersale.com/media-middle

For traders, be sure to pay a visit to ir.aersale.com.

Forward Wanting Statements

This press launch involves “forward-wanting statements” in the meaning of the “safe harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Monocle’s and AerSale’s real effects could vary from their expectations, estimates and projections and therefore, you really should not depend on these forward wanting statements as predictions of long term events. Words these kinds of as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are meant to recognize these kinds of ahead-seeking statements. These forward-on the lookout statements include, devoid of limitation, Monocle’s and AerSale’s anticipations with respect to foreseeable future overall performance and expected financial impacts of the consummation of the transactions explained in this push release (the “Business Combination”). These forward-searching statements involve significant risks and uncertainties that could trigger the genuine outcomes to differ materially from the predicted outcomes. Most of these components are outside Monocle’s and AerSale’s manage and are hard to predict. Elements that may result in these discrepancies consist of, but are not limited to: (1) the effect of the COVID-19 pandemic on the aviation business and the aviation aftermarket field generally, and on AerSale’s organization in unique (2) the final result of any authorized proceedings that may be instituted against Monocle and AerSale pursuing the commencement of the Company Mix (3) the incapability to get or manage the listing of the shares of popular inventory of the publish-acquisition organization on The Nasdaq Stock Market pursuing the Organization Mix (4) the danger that the Business Mixture disrupts present ideas and functions as a consequence of the announcement and consummation of the Organization Blend (5) the capacity to recognize the expected benefits of the Business Combination, which may well be influenced by, amongst other points, level of competition, the means of the combined organization to develop and take care of advancement profitably and keep its important employees (6) costs related to the Company Mix (7) adjustments in applicable regulations or polices (8) the chance that AerSale or the combined organization may be adversely affected by other financial, enterprise, and/or aggressive factors and (9) other hazards and uncertainties indicated from time to time in the proxy statement/prospectus relating to the Company Combination, which include those underneath “Risk Factors” therein, and in Monocle’s other filings with the SEC. Monocle cautions that the foregoing record of factors is not distinctive. Monocle even more cautions visitors not to place undue reliance on any forward-on the lookout statements, which speak only as of the date produced. Monocle does not undertake to release publicly any updates or revisions to any forward-seeking statements to mirror any transform in its anticipations or any modify in occasions, circumstances or conditions on which any these kinds of assertion is centered except required to do so less than applicable law.

Check out supply model on businesswire.com:https://www.businesswire.com/information/house/20201222005659/en/

Make contact with: Media Contacts:

For a lot more details about AerSale, you should visit our site:http://www.AerSale.comAerSale Investor Call:

Mike Callahan / Tom Cook

[email protected] Monocle Acquisition Company:

Mark Semer

Kekst CNC

(212) 521-4800

Key phrase: FLORIDA NEW YORK UNITED STATES NORTH The usa

Industry Keyword: AIR Transport AEROSPACE Producing TRANSPORTATION Journey

Source: AerSale Corp.

Copyright Small business Wire 2020.

PUB: 12/22/2020 04:05 PM/DISC: 12/22/2020 04:05 PM

http://www.businesswire.com/information/residence/20201222005659/en