AerSale Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2024

NOTE G - PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consisted of the following (in thousands):


	Useful Life
	In Years	December 31, 2024		December 31, 2023
Tooling and equipment	5 – 15	$	17,481	$	16,024
Furniture and other equipment	3 – 15		13,985		12,076
Computer software	3 – 5		2,555		2,374
Leasehold improvements	2 – 15		25,527		16,269
Equipment under capital lease	-		-		192
Flight equipment held for R&D	1		8,383		7,784
			67,931		54,719
Less accumulated depreciation			(31,600)		(27,027)
		$	36,331	$	27,692

Depreciation expense was as follows (in thousands):