FAA Approval and Commercialization of AerAware, and Reacceleration of Growth in Core Business are Powerful Catalysts for Immediate Share Price Appreciation
Recent, Large Insider Purchases Support Prescience Point’s Bullish Outlook for the Company
BATON ROUGE, La., Sept. 7, 2023 /PRNewswire/ — Prescience Point Capital Management, a research-focused, catalyst-driven investment firm that seeks to earn superior risk-adjusted returns uncorrelated to the broader market, today reiterated its Strong Buy recommendation on AerSale Corporation (NASDAQ:ASLE) (“AerSale” or “the Company”) and outlined several near-term catalysts that could nearly triple its current share price. Prescience Point, which has held a significant long-term position in shares of AerSale, has a near-term price target of $45.90 on the company.
A copy of Prescience Point’s new research report on AerSale, a leading provider of aviation products and services, can be found HERE.
Prescience Point’s research report cited two significant catalysts related to AerSale’s recent successful completion of all FAA certification flight testing for AerAware™, its pioneering Enhanced Flight Vision System (EFVS) that enables pilots to “see” through low visibility conditions:
FAA approval of AerAware is imminent and is a near certainty. On August 21, ASLE announced that, after hundreds of hours of FAA flight tests spanning 4+ years, it had successfully completed the last set of tests for AerAware. The Company has stated that FAA approval typically comes within 30 days after completion of final flight testing. Based on this, Prescience Point expects the FAA to approve AerAware and issue a Supplemental Type Certification (STC) by no later than September 20. Once AerAware is approved, AerSale will be first-to-market with the only certified EFVS of its kind, giving the Company a monopoly over this massive market opportunity for several years.
Shortly after certification, AerSale should receive several large initial orders for AerAware. Prescience Point expects the Company to receive several initial orders for AerAware upon FAA certification. Management has consistently stated that several large domestic airlines are interested in and have already …
