Coral Gables, Florida - August 26, 2024 - UPDATE to Press Release Dated: April 19, 2024

AerSale Corporation (Nasdaq: ASLE) (“AerSale”) announced an order by a U.S. District Court Judge in AerSale’s lawsuit with Jetaire Aerospace, LLC, Jetaire Flight Systems, LLC (collectively “Jetaire”), and Jetaire’s owner Michael Williams, relating to AerSale’s AerSafe products that provide a means for mitigating the risk of a catastrophic fuel tank explosion on certain commercial aircraft, including Boeing 737-300/400/500, 737-600/700/800, 757-200/300, 767-200/300 and 777-200/300, and the Airbus A319/320/321 family of aircraft. 

View Legal Commentary: Law360: Ryan Harroff

View Court Ruling: CASE NO.: 1:20-cv-25144-DPG

AerSafe® is a cost-saving solution that was designed by AerSale to meet the FAA’s latest fuel quantity indication system (FQIS) and fuel tank flammability mitigation requirements (FTFR).

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