AerSale's Enhanced Flight Vision System "AerAware" is 1st to Achieve 50% Visual Advantage

AerSale® Corporation (NASDAQ: ASLE) (the “Company”), a leading provider of aviation products and services, is proud to announce a groundbreaking achievement in aviation safety and efficiency. The Company has successfully achieved a 50% visual advantage in low visibility operations over the naked eye for its AerAwareTM Enhanced Flight Vision System (EFVS) on the Boeing B737NG aircraft, a first in commercial aviation. AerSale developed AerAware under license with The Boeing Company which included access to necessary technical services, maintenance, and engineering data.

Visual advantage is defined as the difference between what a pilot can see using an EFVS as compared to what can be seen with the naked eye. The 50% visual advantage breakthrough was achieved through a collaboration with Universal Avionics and Elbit Systems on AerSale’s AerAware STC. The system features the Elbit Systems / Universal Avionics ClearVisionTM EVS-5000 multispectral camera and involved years of meticulous research, development, and extensive testing, underscoring AerSale and Universal Avionics’ unwavering commitment to improving aviation safety and reliability.

The EVS-5000 multispectral camera used in the AerAware EFVS system employs advanced sensor technology and sophisticated image processing algorithms to deliver a clear, enhanced view of the external environment, including runways, terrain, and other aircraft, in all conditions and during all phases of flight.

While there are several key benefits to AerAware, safety stands as the cornerstone of the system, providing complete situational awareness under all circumstances and all phases of flight and extending beyond the challenges of low visibility operations. The system's fundamental enhancement lies in its ability to bolster safety and situational awareness consistently, rather than solely during inclement weather conditions.

Key benefits of AerAware's Enhanced Flight Vision System:

• Enhanced Safety: With a 50% visual advantage, the EFVS substantially improves pilot situational awareness, reducing the risk of accidents in all conditions (and not just those where visibility is limited) during all phases of flight and reduces the dispatch minimums by 50%.
• Efficiency: Pilots can confidently land and take off in adverse conditions, leading to fewer delays and cancellations and ultimately saving time and resources.
• Cost Savings: AerAware minimizes the potential of delays or diversions therefore reducing the need for expensive alternate transportation/hotel arrangements when flights are impacted by adverse weather, ultimately benefiting both airlines and passengers.
• Environmental Impact: Enhanced route efficiency during adverse weather contributes to lower fuel consumption and carbon emissions, aligning with the aviation industry's commitment to sustainability and ESG.

Nicolas Finazzo, AerSale’s Chief Executive Officer, said "We are pleased to announce this significant achievement in aviation technology and safety. Our AerAware EFVS represents a game-changer for the industry, redefining what's possible in terms of flight safety and operational efficiency. This milestone could not have been achieved without the support and commitment of the talented teams at Elbit Systems / Universal Avionics and reflects our combined dedication and commitment to innovation and providing the most advanced solutions to our customers."

While final approval by the U.S. Federal Aviation Administration (FAA) of the AerAware STC for the Boeing B737NG is pending, the 50% visual advantage milestone for the EFVS is poised to revolutionize aviation and set new standards for safety and efficiency. This is the first system approved by the FAA for a 50% visual advantage and the only system approved at 50%.