Why Aircraft Engineering Company AerSale's Shares Are Seeing Blue Skies Today

Aviation products and services provider AerSale Corp ASLE shares are rising after it received a Federal Aviation Administration (FAA) Supplemental Type Certificate (STC).

The certificate was issued for AerSale's Enhanced Flight Vision System (EFVS), "AerAware," for the Boeing Co BA B737NG product line.

This marks the world's first commercial EFVS system to achieve a 50% visual advantage (over unaided natural vision) and the first large transport aircraft to be certified with a complete dual-pilot EFVS solution featuring a Head-Wearable Display.

AerSale developed the AerAware certification program under license with Boeing.

AerAware incorporates Synthetic Vision and Enhanced Vision Systems along with Primary Flight Display symbology, resulting in a user-controlled Combined Vision System that helps in increasing situational awareness during all phases of flight including low visibility operations.

"The proposition to customers is compelling, as enhanced safety combined with improved efficiency lowers airline operating costs, while reducing system bottlenecks and advancing environmental initiatives," said CEO Nicolas Finazzo.

Price Action: ASLE shares are trading higher by 11.93% at $15.95 on the last check Thursday.

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