AerSale Acquires Qwest Air Parts, Inc. to Expand Airframe Parts Sales
AerSale ®, a global supplier of aircraft, engines, used serviceable material (USM), and maintenance, repair, and overhaul (MRO) services, announced today it has acquired aircraft parts distributor Qwest Air Parts, Inc. Based in Memphis, Tennessee, Qwest is a recognized leader in aircraft dismantlement and the refurbishment and resale of USM. Qwest has disassembled over 200 aircraft, offers 24/7 AOG service, and operates a teardown facility in Crestview, Florida. Gary Jones, Qwest’s founder, President and CEO, will continue to lead Qwest, which will operate as a stand-alone independent subsidiary of AerSale. The acquisition of Qwest will add scale and reach to AerSale’s already significant airframe USM offerings. Furthermore, Qwest’s recently certified repair station, Q2 Aviation LLC, will supplement AerSale’s growing MRO platform.
“As a proven leader in aircraft parts distribution, Qwest is an optimal partner to help further expand our large inventory of high-demand USM, which we cost-efficiently source through fleet acquisitions and part-out of our retiring lease portfolio assets,” said Nicolas Finazzo, Executive Chairman of AerSale. “Our customers can now look forward to even more expertise and added value from our integrated aircraft, engine, and component solutions.”
AerSale is a premier provider of one-stop services offering aircraft and engine leasing, uncompromising MRO services, and USM supply solutions to the world’s most demanding commercial and governmental operators. The company provides flight equipment operators and MROs significant cost savings on the purchase of USM in lieu of expensive OEM new replacement parts. The acquisition of Qwest will include the addition of 38 skilled professionals and technicians to the greater AerSale family, along with a 160,000-square-foot headquarters and warehouse facility in Memphis, and a 20,000-square-foot teardown facility in Florida. Qwest holds all relevant quality certifications, including ASA-100 and U.S. Department of Transportation Hazardous Material certification.
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 maintenance, repair, and overhaul (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.
Telephone: (305) 764-3200
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Panasonic to Team up with IBM Japan in Improving Semiconductor Manufacturing Processes15.10.2019 01:46:00 CEST | Press release
On October 15, 2019, IBM Japan, Ltd. and Panasonic Corporation’s subsidiary, Panasonic Smart Factory Solutions Co., Ltd. (hereafter "Panasonic"), announced that the companies have agreed to collaborate to develop and market a new high-value-added system to optimize the overall equipment effectiveness (OEE) of customers’ semiconductor manufacturing processes and to realize high-quality manufacturing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191014005718/en/ Aims of the collaboration (Graphic: Business Wire) As part of its circuit formation process business, Panasonic currently develops and markets edge devices and manufacturing methods that contribute to improving semiconductor manufacturing of advanced packaging. These new devices and methods include dry etching equipment, plasma dicers to produce high-quality wafers, plasma cleaners that increase metal and resin adhesion and high-accuracy bonding devices. This experti
SFL - Third-Quarter 2019 Financial Information14.10.2019 17:21:00 CEST | Press release
Regulatory News: SFL (Paris:FLY): Consolidated revenue by business segment (€000’s) 2019 (9 months) 2018 (9 months) Rental income 149,070 143,790 o/w Paris Central Business District 121,877 119,038 Paris Other 25,786 22,479 Western Crescent 1,407 2,273 Other revenue 0 0 Total consolidated revenue 149,070 143,790 Consolidated rental income for the first nine months of 2019 amounted to €149.1 million, up €5.3 million or 3.7% from the €143.8 million reported for the same period of 2018. - On a like-for-like basis (excluding all changes in the portfolio affecting period-on-period comparisons), rental income was €4.8 million (3.5%) higher, attributable to new leases signed in 2018, mainly in the Cézanne Saint-Honoré, Washington Plaza, #cloud.paris and 103 Grenelle properties, and to index increases. - Rental income from spaces being redeveloped declined by €2.4 million over the period, mainly reflecting the departure in 2018 of the last tenants from the 83 Marceau building, which is current
ADVA recognized as a Leaders Board Partner in the Intel® Network Builders’ Program14.10.2019 16:00:00 CEST | Press release
ADVA (FSE: ADV) today announced that it has been selected for the Intel® Network Builders Winners’ Circle Awards. ADVA was also one of a small number of companies to be recognized as part of the program’s Leaders Board with its Ensemble Connector virtualization platform, which was recently verified as an Intel® Select Solution for uCPE. The solution enables users to deploy a carrier-grade software layer that offers powerful performance and agile service provisioning. The award recognizes Ensemble Connector’s ability to deliver the benefits of network functions virtualization (NFV), support automated deployment at scale and turn the network edge into a platform for innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191014005430/en/ Prayson Pate, CTO, Edge Cloud, ADVA (Photo: Business Wire) “We’re pleased to be working with Intel in its Intel Network Builders program and are proud to be recognized in the Winners’ Circl
Ksmartech, Leading Korean Developer Partners with Verimatrix to Offer Powerful App Security Technology for Automotive, Financial Markets14.10.2019 15:40:00 CEST | Press release
Verimatrix (Paris:VMX), a global provider of security and analytics solutions that protect devices, services and applications, today announced a strategic partnership with Korean-based Ksmartech Co., Ltd. A highly recognized Korean developer focused on IoT and mobile app security, Ksmartech previously included Verimatrix’s innovative Code Protection technologies into numerous app development projects. The partnership enables Ksmartech to expand its use of Verimatrix solutions and maximize security for globally recognized brands across the local automotive, banking and insurance markets. Ksmartech now also aims to begin including Verimatrix’s Whitebox technology and ProtectMyApp services across multiple offerings for the Korean market, emphasizing the importance of foundational security measures at the code level that significantly deter attacks by cybercriminals. “With our track record of success in local banking markets, we looked to expand our partnership with Verimatrix, bringing th
Analysis of Patients With Prior Gastrectomy Treated With LONSURF® (trifluridine/tipiracil) Published in JAMA Oncology14.10.2019 12:00:00 CEST | Press release
Servier and its partner Taiho Oncology, Inc. (US), a subsidiary of Taiho Pharmaceutical Co., Ltd. (Japan), announced today that detailed results from the analysis of patients with prior gastrectomy enrolled in the Phase III TA S-102 G astric S tudy (TAGS) evaluating LONSURF® (trifluridine/tipiracil) in adult patients with metastatic gastric or gastroesophageal junction adenocarcinoma previously treated with at least two prior lines of chemotherapy that included a fluoropyrimidine, platinum, and either a taxane and/or irinotecan-containing regimen, and if appropriate, HER2/neu-targeted therapy, were published in the October issue of JAMA Oncology . 1 In the preplanned subgroup analysis, 221 of 507 patients with mGC or GEJ adenocarcinoma with prior gastrectomy were enrolled and randomized to receive LONSURF (n=147) or placebo (n=74) on days 1-5 and 8-12 of each 28-day treatment cycle. Results showed that treatment with LONSURF was tolerable and prolonged survival versus placebo by 6 mont
‘Energy’ Pulses Through Superstar Swimmers in International Swimming League Leg in Naples14.10.2019 10:49:00 CEST | Press release
The second and final day of the International Swimming League’s first tour of Europe proved to be the most exciting of the young season thus far, as a sold out crowd at the Piscina Felipe Scandone in Naples, Italy, were treated to a pair of tight club battles that came down to the final event. The passion of the European fans was very evident to those competing, giving them a boost late in the match. “It's really cool how great this has been unfolding,” said Cali Condor’s Caeleb Dressel, who was named MVP with a match-high 57.5 points. “Again this is my first meet, but everyone loved Indy. And this is, I think, even a step up from that because it's in Europe this time. I think the fans are a little bit crazier, a little bit better, a little bit more into it.” "This is a whole other level of things. I mean, the crowd for one, but the lights, the DJ, the walkout, it makes it seem like an event. Not just something that you get to watch, but you feel like you're a part of it.” “The energy