ASLE - Why AerSale Stock Is Taking Flight Today
2023-12-07 10:58:00 ET
Aerospace supplier AerSale (NASDAQ: ASLE) has secured government clearance to market its highly anticipated enhanced cockpit vision product. As a result, the stock is gaining altitude, up as much as 17% at the open on Thursday and about 11% higher as of 10:30 ET.
AerSale is primarily known as a seller and lessor of used aircraft, engines, and components. However, investors have been more focused on its fledgling "AerAware" system as a catalyst for growth. AerAware is an enhanced flight vision system designed to add modern safety features to older airframes.
This could be a boost for AerSale in two ways. First, AerAware is likely to be a much higher-margin product than AerSale's core business to date. And by modernizing older cockpits, AerSale could see more demand for used aircraft.
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Why AerSale Stock Is Taking Flight Today