AerSale Corporation Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

NOTE G - PROPERTY AND EQUIPMENT, NET

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


	Useful Life
	In Years	December 31, 2023		December 31, 2022
Tooling and equipment	7 - 15	$	16,024	$	14,649
Furniture and other equipment	5		12,076		10,090
Computer software	5		2,374		2,152
Leasehold improvements	3 - 10		16,269		7,390
Equipment under capital lease	5		192		192
Flight equipment held for R&D	2		7,784		-
			54,719		34,473
Less accumulated depreciation			(27,027)		(21,835)
		$	27,692	$	12,638

Depreciation expense, which includes amortization of equipment under capital lease, was as follows (in thousands):