StandardAero (SARO) Announced the Renewal of Its Partnership With Thailand's Nok Airlines Public Company Limited
StandardAero, Inc. (NYSE:SARO) is one of the 13 Best Aerospace and Defense Stocks to Invest in Now. On June 17, StandardAero, Inc. (NYSE:SARO) announced the renewal of its long-term maintenance, repair, and overhaul contract with Thailand's Nok Airlines Public Company Limited.
Under the partnership, the company will continue supporting CFM International CFM56-7B turbofan engines, which power Nok Air's fleet of fourteen Boeing 737-800 aircraft. The renewed partnership builds on StandardAero, Inc.'s (NYSE:SARO) previous support for Nok Air's former fleet of Dash 8-400 turboprops, reflecting a longstanding relationship between the two companies. As part of the renewal, StandardAero, Inc. (NYSE:SARO) has already inducted two Nok Air CFM56-7B engines at its facility in Winnipeg.
Dmitry Birin/Shutterstock.com
StandardAero, Inc. (NYSE:SARO) is a leading independent aerospace company specializing in maintenance, repair, and overhaul services for aircraft engines and other components across commercial, military, and business aviation sectors.
While we acknowledge the potential of SARO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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