13 Best New Stocks to Buy Now

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6. StandardAero Inc. (NYSE:SARO)

Number of Hedge Fund Holders: 50

StandardAero Inc. (NYSE:SARO) is one of the best new stocks to buy now. On June 16, StandardAero announced its selection by SalamAir, which is Oman’s low-cost carrier. StandardAero will provide maintenance, repair, and overhaul/MRO support for the CFM International LEAP-1A turbofan engines that power SalamAir’s fleet of Airbus A320neo family narrowbody aircraft.

StandardAero provides support for the next-gen CFM International LEAP-1A and LEAP-1B engine families from its 810,000 sq. ft. facility in San Antonio, Texas. The company is a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement/CBSA in the Americas for the LEAP-1A and LEAP-1B in March 2023.

The partnership expands StandardAero’s growing list of operators relying on its MRO services across North America, Latin America, Europe, the Middle East, South Asia, and the Asia-Pacific region. Additionally, StandardAero is industrializing 300+ new engine component repairs for the LEAP family through its CRS team’s network of locations and its Repair Development Center of Excellence. SalamAir currently operates a fleet of 13 Airbus A320/321 aircraft and conducts over 80 daily flights.

StandardAero Inc. (NYSE:SARO) provides aerospace engine aftermarket services for fixed and rotary wing aircraft internationally in two segments: Engine Services and Component Repair Services.

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