The complex internal structure and heterogeneous composition material of aerospace equipment make it difficult to apply traditional acoustic emission source localization methods to the loose particle localization research. In previous studies, the authors transformed the loose particle localization problem into the multi-classification problem in machine learning, trained the loose particle localization model, but there were problems of low classification accuracy and low practicality. In this paper, the authors first introduced the ensemble learning idea into the loose particle detection field, designed a complete loose particle localization scheme, analyzed the above problems from multiple perspectives, and proposed new algorithms or strategies to enhance the superiority and practicability of the loose particle localization model. Specifically, in view of the low classification accuracy, the authors carried out the research on pulse preprocessing, feature engineering and model training from the four perspectives of signal, feature, data set and classifier, respectively. The zero-pulse-filling pulse matching algorithm and the channel-weighting-based feature selection method was newly proposed, Mel-Frequency Cepstral Coefficients features was newly extracted, feature optimization scheme was designed, and XGBoost ensemble classifier was trained. Thus, high-quality loose particle signals, high-quality localization data sets and high-performance loose particle localization models were obtained, respectively. Test results show that, the classification accuracy achieved by the new loose particle localization model was 96.80%, which was a significant improvement compared to the 83.53% achieved in previous studies. In view of the low practicality, the authors built the loose particle localization experimental system, gave the specific implementation steps of the loose particle localization method, as well as the general procedures for applying the loose particle localization model for physical testing. Meanwhile, taking into account the requirements of aerospace engineering applications, the authors added the majority voting strategy to convert classification results into localization results, thus newly proposed the definition of equipment-level loose particle localization accuracy. Several physical testing results show that, the loose particle localization model achieved a localization accuracy of 90.91%, which effectively verified the feasibility and stability of the proposed method. This study is an important supplement to the loose particle detection research, and of great significance in improving the reliability of aerospace systems.