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

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