Monocle Acquisition Corporation expects AerSale to exceed previously issued 2020 and 2021 forecasts

Monocle Acquisition Corporation (Monocle), the Spac company formed to acquire aviation aftermarket provider AerSale, has increased its financial outlook for 2020 and 2021. Following a strong third quarter and improving outlook, AerSale now expects pro forma adjusted EBITDA for 2020 to be in the range of $48 million to $52 million and 2021 pro forma adjusted EBITDA to exceed $53.9 million. Preliminary results for the third quarter of 2020, resulting in PF Adjusted EBITDA of at least $43 million for the nine months ended September 30, 2020. The company reported an increase in activity in its Asset Management Solutions segment