AerSale, a global supplier of mid-life aircraft, engines, used serviceable material, and maintenance, repair, and overhaul (MRO) services, has promoted Basil Barimo, formerly Chief Operating Officer, to Chief Executive Officer, and Craig Wright, formerly Chief Commercial Officer, to President, to facilitate rapid expansion of the business. AerSale founder Nicolas Finazzo will serve as Executive Chairman and co-founder Robert B. Nichols will serve as Executive Vice Chairman.
“Unburdened from the responsibility of day-to-day management, Bob and I will continue to steer AerSale’s overall direction and seek new synergistic acquisitions while we expand the platform,” said Finazzo. “Barimo and Wright are fully capable of leading the operations of our highly integrated, multi-faceted business model.”
In November 2018, the company announced its fourth strategic acquisition of an MRO business with the purchase of Miami-based component specialist Avborne.
