Transaction Description:
PROJECT ABSTRACT SUMMARYAERSALE, INC. APPLIES FOR THIS GRANT OPPORTUNITY AS THE HOLDER OF A CERTIFICATE UNDER 14 C.F.R. PART 145. THE AERSALE ACE ACADEMY PROJECT IS AN ELIGIBLE PROJECT AS OUTLINED IN THE NOFO, SECTION C.1 IN THE CATEGORY OF PROJECTS THAT ESTABLISH SCHOLARSHIPS OR APPRENTICESHIPS FOR INDIVIDUALS PURSUING EMPLOYMENT IN THE AVIATION MAINTENANCE INDUSTRY AND PROJECTS THAT SUPPORT OUTREACH ABOUT CAREERS IN THE AVIATION MAINTENANCE INDUSTRY TO: PRIMARY, SECONDARY AND POST-SECONDARY SCHOOL STUDENTS OR COMMUNITIES UNDERREPRESENTED IN THE INDUSTRY AND PROJECTS THAT SUPPORT EDUCATIONAL OPPORTUNITIES RELATED TO AVIATION MAINTENANCE IN ECONOMICALLY DISADVANTAGED GEOGRAPHICAL AREAS AND PROJECTS THAT SUPPORT TRANSITION TO CAREERS IN AVIATION MAINTENANCE, INCLUDING FOR MEMBERS OF THE ARMED FORCES.ESTABLISHED IN 2008, AERSALE IS A PUBLICLY TRADED COMPANY PROVIDING MAINTENANCE, REPAIR, AND OVERHAUL (MRO) SERVICES, PART SALES, AND AIRCRAFT AND ENGINE LEASING, SERVING OVER 1,000 GLOBAL CLIENTS. THE COMPANY OPERATES SIX PART 145 CERTIFIED REPAIR FACILITIES IN THE U.S.THIS PROPOSAL ADDRESSES CHALLENGES IN THE AVIATION INDUSTRY, INCLUDING A SHORTAGE OF TRAINED WORKERS AND ATTRACTING NEW TALENT TO AVIATION MAINTENANCE. THE SECTOR IS PROJECTED TO SEE A DEMAND FOR 125,000 NEW AVIATION MAINTENANCE TECHNICIAN (AMT) JOBS IN NORTH AMERICA BY 2042. AERSALE AIMS TO NURTURE INTEREST IN AVIATION MAINTENANCE EARLY, GIVEN INCREASING AIR TRAVEL AND MAINTENANCE NEEDS.THE AERSALE ACE ACADEMY IS PROPOSED AS A SOLUTION. THIS PROGRAM AIMS TO CREATE APPRENTICESHIP AND SCHOLARSHIP OPPORTUNITIES FOR UNDERREPRESENTED CITIZENS, FOCUSING ON ECONOMICALLY DISADVANTAGED NEIGHBORHOODS, TRANSITIONING SERVICEMEMBERS, AND HISTORICALLY MARGINALIZED GROUPS. THE ACADEMY OFFERS PATHWAYS TO BECOME CERTIFIED AVIATION MAINTENANCE TECHNICIANS.THE PROJECT PLAN OUTLINES MULTIPLE PATHWAYS FOR AMT CAREERS:1.ACE APPRENTICESHIP: A 90-DAY INTENSIVE PROGRAM FOR TECHNICAL TRAINING ALIGNED WITH FAA STANDARDS AND COMPANY POLICIES.2.SCHOLARSHIP PROGRAM: HIGH-PERFORMING INDIVIDUALS RECEIVE A $2,500 SCHOLARSHIP FOR A LOCAL PART 147 AVIATION MAINTENANCE TECHNICAL SCHOOL (AMTS).3.A P TRACK: CANDIDATES NOT SELECTED FOR SCHOLARSHIPS CAN GAIN EXPERIENCE WITH AERSALE AND PURSUE A P CERTIFICATIONS THROUGH EXPERIENCE REQUIREMENTS.4.OTHER OPPORTUNITIES: PARTICIPANTS NOT PURSUING AMT CAREERS WILL BE CONSIDERED FOR OTHER MAINTENANCE-RELATED POSITIONS WITHIN THE COMPANY.THE WORK PLAN INCLUDES RECRUITMENT EFFORTS, PARTNERSHIPS WITH LOCAL ORGANIZATIONS, DEVELOPING MARKETING MATERIALS, APPRENTICESHIP HIRING AND TRAINING, AND PROGRAM SUSTAINABILITY.AERSALE S RESOURCES AND CAPABILITIES ENCOMPASS SIX STATE-OF-THE-ART PART 145-CERTIFIED REPAIR STATIONS, A ROBUST TRAINING PROGRAM, AND ESTABLISHED PARTNERSHIPS WITH LOCAL AMTSS AND REGULATORY AUTHORITIES.MR. JORDAN CREEL, DIRECTOR OF QUALITY, WILL OVERSEE PROJECT EXECUTION. INTERNAL CONTROLS WILL SEGREGATE GRANT TRANSACTIONS, AND AERSALE MAINTAINS DOCUMENTED POLICIES AND EXPERIENCE MANAGING LARGE REGULATORY PROJECTS.THE AERSALE ACE ACADEMY AIMS TO IMPACT 50 PARTICIPANTS INITIALLY, WITH THE POTENTIAL TO SERVE 100 IF A SECOND YEAR OF FUNDING BECOMES AVAILABLE. THE PROGRAM TARGETS VETERANS, ECONOMICALLY DISADVANTAGED INDIVIDUALS, AND UNDERREPRESENTED POPULATIONS, OFFERING THEM PATHS TO WELL-PAYING AMT CAREERS, SUPPORTING FAMILIES AND COMMUNITIES.TO ASSESS SUCCESS, AERSALE WILL TRACK RECRUITMENT METRICS, APPRENTICE HIRING AND COMPLETION RATES, AND PARTICIPANT RETENTION. THE PROGRAM S IMPACT ON EMPLOYMENT AND CERTIFICATION OUTCOMES WILL BE MONITORED AND REPORTED REGULARLY.AERSALE S PROPOSAL OUTLINES A COMPREHENSIVE STRATEGY TO ADDRESS WORKFORCE CHALLENGES IN AVIATION MAINTENANCE, LEVERAGING ITS INDUSTRY EXPERTISE, PARTNERSHIPS, AND COMMITMENT TO DIVERSITY AND SUSTAINABILITY.
