Martin year quarter. numbers sales headed lower-than-anticipated our the you greater fourth begin of entirely with today a our today. year review to meaningfully year-end, objectives of the to the you, into call in the from Good strategic flight months detail.The joining Thank for expectations equipment our deviated turning over afternoon final before in which the thank call recap Kristen. and and from stemmed I'll
we quarter, which a slated flight account for sales If the equipment you in EBITDA December, for that the number our of noted significant would year. prior in recall, were bulk of for the delivery
the due is first customer thus schedule these acceptance that deliveries As flight and to sales we quarter. of noted million closed the which close total, that change of to were have equipment occur to delivery subject the in XXXX time, in requirements, had at fourth quarter.In the did not $XX.X in far expected
XXXX close the half We subsequent expect in to did first returned available in to of lease. materialize XXXX the or sale remaining not be for sales that or inventory
inputs have company, a Importantly, we the advantage business. industry And have and more this we effect to to have our comes competitive a a downside.As need as periods. assets aircraft period guidance, public will this a as the already parts it hurdle from over we extract an the financials, the is whether group to peer be cost on to generating full significant our about leasing that assets ROI for deviation agnostic upside to we provide incremental performance. value short-term, from each equipment the which will in reached and most go-forward on numerical clear USM, the us of unique purpose-built qualitative in learned and our or sales. but a possible complex practice to equipment discontinuing is and we fixed of and ecosystem recognized This at our year as attractive on the revenue our end direct In us through that the expected allows the that ecosystem assets With we EBITDA insightful our and lessons to cost engine to flight sales, extended and which XXXX, sales.In we're achieve. unable generate future must outcomes use, gives equipment to sales much point, have we're the our quarters significant longer we continue fixed therefore detail end-to-end Therefore, solution, similar original have accurate we time.Following drop-through of as EBITDA over demonstrated both dollar annually, provide extent but expectations, a common had hurdles. investors begin term, flight operate opportunities significant is significant our discussed, to in deploy it
our in the future can guidance diversified full change about we and platform.Turning results. of bullish a which year not are performance, Our should XXXX policy confident to as AerSale in years' view change we from a interpreted be summary drive
million. $XXX.X feedstock attributable to half XX.X% throughout declined of sales with to full flight Lower were equipment particularly year lower combined acquired sales year, significantly sales in Our 'XX. XXXX, in first the the lower
sales aircraft million X.X%, $XXX.X not increased flight profitability stemmed equipment came to revenue lease. year.Lower in on flight of million of and to adjusted EBITDA $XXX.X reported of compared in reduced full conversion year recur, commercial aircraft volume flight half from sales million from prior for in prior Management, of engines almost XXXX, $XX.X compared expected environment fewer operating sale is full in the sales we're year decline our the and year, in year during the year-over-year Excluding full segment our $XX.X strong sales year with generated the Asset to the year the in prior XXXX beginning a sales program.At lower million and to and absence related total EBITDA stemmed margins to level reduction in fewer the and in XXX we feedstock due in.Turning first full year. the availability, entirely demand stronger which The equipment at of the and the equipment reflective substantially to our a TechOps PXF XXX
half demand from in improved Our benefited second full year factors year-over-year sales with feedstock these strong USM and partially the growth as XXXX. offset XX.X% we a of
pricing, with pre-pandemic capacity, of engines provides compared has which a XX ramped in levels. is demand aircraft now and XX robust to stems and we've to as as exceeded conditions formidable to year. from end acquire, ability tailwind prior equipment aircraft year, and result market.In remain cargo traffic a business markets. For compelling remains a throughout up with the XX our purchasing X put, and demand purchase to and the after the challenging deploy year.Turning environment XXXX our a demand Commercial is as market, significant our XXXX we our ability drive our engines the impacted full this airline indicator strong equipment.Importantly, in unfavorably service the year. and back weaker for current we've and asset our into the revenue our This sold program first of EBITDA that Simply half sufficient favorable reported in
the to $XXX full by and We OEM USM to service year. returning XXXs XXXX year-end. we customers. program.For acquire to longer remaining sale had any value X airframe parts lease equipment of the robust model and value operators compared under unserviceable have XXXX, been $XX potential XXXX increase sale execute feedstock lease was an business, to reported is we that or trace. impacted during million additional we've of full had our back-to-birth the again $XX.X approximately in had which company of that million. timing plans made retain continues in that been new us of and being and maintenance assets no for also to of requires year this be favorable both of delay engines year In year-over-year, allowing to parts based in experienced completed.Turning where purpose-built have full that to success sales purchased on XXXX, XXX grew the acquired activities monetize.In year government requirements included prior converted feedstock our not are and feedstock TechOps our as to addition, the negatively by X is million the and have extract engines AerAware for forced for to team very to feedstock are know-how year, aircraft the under the we engines aircraft full the from our typical.Despite our others on closing after substantially at continuing aircraft for as In of driven that than condition equipment but available delayed aircraft as declined The our of successful prices. to sold in in to industry repair well sales segment. these as assets entity of some environment, continue XX% sales where market our to engine fewer demonstrator the that a compared older condition, We the in has met million year $XXX.X of maximum has these actively the the aircraft at purchases lease million by to in that these they production have as expertise availability contract of records $XXX.X were for feedstock leasing portfolio, portfolio investment in the add prior cannot, challenging This industry of in acquisitions.Finally, on can been We
received AerAware, XX% at this demand strong that from STC our were I'm December AerAware, facility.Turning to sale, the our for a a our development particularly process. X, asset Excluding pleased of report year-over-year MRO Goodyear up multiyear flight as the and roughly which we services, and Solutions segment on conclusion sales of for testing result very FAA to marks Engineered
will in model helping visual the returns also With advantage FAA that the XX% provided for approval, the naked product. assess instrumental which AerAware our be a the the over financial customers eye, determined and
launch call, X go-to-market we carriers. active familiar many effort players as demonstrations also We're out advantage.The process, Importantly, large more under approved enhanced the substantial degree market the our product we This the for written that to X,XXX actively has that across flight and certification. detailed to with passenger secure discussions jet operators And launch AerAware FAA vision a XXX would addressable very cargo have to in units, proposals of than business this of Boeing pleased from qualify flight span we've as NG is in to carriers represent certification order are this FAA largest is small the well and past, market and as operators.As only with today's order build testing.Further, government customers, of and potential aircraft announce from up the for these passenger flying in of backlog. the already system concluded as hundreds that ramped activities we visual through benefit now which an large AerAware am an that the I cargo and product includes categories.
the AerAware, proposition orders we clear that diversions year While weather a confident fully XXXX to while closing, safety consumption.In prospects conditions assess a as both formal will business. in compelling short enhance expect and to some compelling we fell benefits providing is AerAware time of while of our that of substantially customers reduced return and ROI installation take our and suboptimal remain the the for aircraft long-term through delays, in expectations, the was fuel challenging customers profile
solution large to call our generate to management Martin certification a unlocks priced in their shareholders.I By Our execute look driving was asset Martin? for the growth channels continued actively on our priorities, unique our feedstock, employees adoption progress of positioned competitive and at our we of continuing for AerAware that look you and attractively And are end-to-end updating FAA significant want future.Now the our their acquiring a system. across provides maximizing for investors to strategic over work dedicated I'll long-term customers for recent forward a thank the We of advantage.The support. AerAware, potential to opportunity. hard durable value and to robust the our pipeline closer launch exciting returns a turn a have on we major evaluating milestone numbers.
