AerSale to acquire Qwest Air Parts.

AerSale, a global supplier of aircraft, engines, used serviceable material (USM), and maintenance, repair, and overhaul (MRO) services has agreed to acquire Qwest Air Parts, aircraft parts distributor. Financial terms were not disclosed. “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. Our customers can now look forward to even more expertise and added value from our integrated aircraft, engine, and component solutions.” Nicolas Finazzo, AerSale Executive Chairman.