On February 9, 2024, Richard J. Townsend, a member of the board of directors of AerSale Corporation and chairperson of the Board?s Audit Committee, notified the Board of his intention to retire as a member of the Board for personal reasons, effective March 11, 2024. Mr. Townsend?s decision to retire was not the result of any disagreement with the Company or the Board or management on any matter relating to the Company?s operations, policies or practices and the effectiveness of Mr. Townsend?s retirement is intended to coincide with the Audit Committee?s completion of its review of the Company?s Annual Report on Form 10-K. ? ?

The Board appointed Andrew Levy to replace Mr. Townsend as the chairperson of the Board?s Audit Committee, effective March 11, 2024, and designated Lt. General Judith Fedder to fill the vacancy in the Board?s Audit Committee upon Mr. Townsend?s retirement on March 11, 2024.