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

INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and other intangibles consisted of the following (in thousands):


	December 31, 2024		December 31, 2023
Qwest:
FAA Certifications	$	724	$	724
Goodwill		13,416		13,416
ALGS:
FAA Certifications		710		710
Goodwill		379		379
ACS:
Trademarks		600		600
FAA Certifications		7,300		7,300
Goodwill		63		63
ACT:
Trademarks		200		200
FAA Certificates		796		796
Goodwill		6,002		6,002
Total intangible assets with indefinite lives	$	30,190	$	30,190

Net book value of intangible assets with definite lives are as follows (in thousands):


	Useful Life
	In Years	December 31, 2024		December 31, 2023
Qwest:
Customer relationships	10	$	4,187	$	5,163
ALGS:
Customer relationships	10		10		30
ACS:
Customer relationships	10		823		1,033
ACT:
Customer relationships	10		4,505		5,430
AerSale:
AerAware Flight manuals	10		675		-
Total intangible assets with definite lives, net		$	10,200	$	11,656

Amortization expense was as follows (in thousands):

The estimated aggregate amount of amortization expense for intangible assets as follows (in thousands):


Year ending December 31:
2025	$	2,189
2026		2,179
2027		2,179
2028		2,162
2029		1,155
Thereafter		336
Total Estimated Aggregate Amortization Expense	$	10,200