AerSale Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of intangible assets with indefinite lives

Goodwill and other intangibles as of the below dates are (in thousands):


	September 30, 2023		December 31, 2022
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

Schedule of intangible assets with definite lives

The Company performed its annual quantitative impairment analysis on the indefinite lived intangible assets as of July 1, 2023 and 2022 and concluded there was no impairment.

Intangible assets with definite useful lives are amortized on a straight-line basis over their estimated useful lives. Intangible assets with definite lives as of the below dates are as follows (in thousands):


	Useful Life
	In Years	September 30, 2023		December 31, 2022
Qwest:
Customer relationships	10	$	5,408	$	6,136
ALGS:
Customer relationships	10		35		50
ACS:
Customer relationships	10		1,085		1,243
ACT:
Customer relationships	10		5,663		6,353
Total intangible assets with definite lives		$	12,191	$	13,782