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The company was founded in Coral Gables, Florida, in 2008. The two founders invested US$ 250 million in equity in January 2010.
In July 2010, AerSale delivered a specially modified Boeing 737-400 aircraft to the National Nuclear Security Administration to fly depleted nuclear waste to disposal sites. It supplied low-cost, used turbine blades to the Department of Defense for use on the Air Force's KC-135 Stratotanker aircraft; it saved the government US$36 million.