AerSale jumps after receiving FAA certification for vision system
07/12/2023 11:47
** Shares of Aviation products and services firm AerSale
ASLE.O jump 15.6% to $16.48 premarket
** Co receives supplemental type certificate (STC) from the
Federal Aviation Administration for "AerAware" - co's Enhanced
Flight Vision System (EFVS) for Boeing's BA.N 737NG product
line
** AerAware is designed to enhance safety and situational
awareness during all phases of flight
** Pilots can take off and land in limited visibility,
reducing delays, diversions and cancellations
** The product reduces the risk of accidents with improved
visual system and it also aligns with FAA initiative to improve
low-visibility operations
** STC indicates that applicant has received FAA's approval
to modify an aeronautical product from its original design
** Stock is down 12.1% YTD
(Reporting by Pranav Kashyap in Bengaluru)