Why AerSale Stock Is Falling Today

The majority owner of aircraft maintenance and part supplier AerSale (NASDAQ: ASLE) is selling down its stake. AerSale maintains planes and engines, is a distributor of spare parts, and provides aircraft and engine sales and leasing services. The company had been owned by private equity firm Leonard Green & Partners but went public in late 2020 via a merger with special purpose acquisition company (SPAC) Monocle Acquisition.