AerSale Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2025

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

NOTE F — PROPERTY AND EQUIPMENT, NET

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


	Useful Life
	In Years	March 31, 2025		December 31, 2024
Tooling and equipment	5 – 15	$	17,681	$	17,481
Furniture and other equipment	3 – 15		14,220		13,985
Computer software	3 – 5		2,555		2,555
Leasehold improvements	2 – 15		26,263		25,527
Flight equipment held for R&D	2 – 8		9,608		8,383
			70,327		67,931
Less accumulated depreciation			(32,904)		(31,600)
		$	37,423	$	36,331

Depreciation expense, which includes amortization of equipment under capital lease, amounted to $1.4 million and $1.1 million for the three months ended March 31, 2025 and 2024, respectively.