About

Gary Jones was promoted to Chief Operating Officer on March 27, 2023 and also serves as Head of Material Sales, a role he has held since 2019. From 1999 to 2019 he was President and Chief Executive Officer of Qwest Air Parts, a supplier and distributor of commercial aviation parts that AerSale Corp. acquired in 2019, and from 1983 to 1998 he was Vice President of Acquisitions for GE Capital Aviation Services. He brings decades of entrepreneurial experience across aircraft teardown, parts distribution and material sales.

Roles

AerSale Corp.
Chief Operating Officer and Head of Material Sales · Current role
2019–present
Qwest Air Parts
President and Chief Executive Officer · Supplier and distributor of commercial aviation parts; acquired by AerSale Corp. in 2019
1999-2019
GE Capital Aviation Services
Vice President of Acquisitions
1983-1998

Fixed Compensation

FY FY2025
Base salary
$497,981
NoteFY2025 base salary per SEC Summary Compensation Table
All other compensation
$31,043

Performance Compensation

Data from FY FY2025

Cash incentive

Non-equity incentive plan (STI cash bonus)
$240,000
Target Opportunity
PlanFY2025 short-term incentive plan
MetricsAdjusted EBITDA and strategic objectives

Stock awards

Stock awards
$562,490
FormTime-based (RSU) and performance-based (PSU) restricted stock, grant-date fair value at target
StructureAnnual equity apportioned 50% PSUs / 25% stock options / 25% RSUs; PSUs earned on cumulative three-year Adjusted EBITDA, capped at 200%
Option awards
$180,274
FormStock options, grant-date fair value; pro rata three-year vesting

Also at AerSale Corp.

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