A-Sonic announced on 2 Sep 13 on expanding to new biz in aircraft leasing.
2 MD aircrafts (175 seaters) have recently been leased out and another 2 to be leased out by end of the yr once ready. It is also working on another 8 aircrafts.
This is exciting as it will be strong growth high margin for A-sonic due to strong demand from LCC and A-Sonic's new in-house capability and license to assemble the MD aircrafts from parts that it purchased.
The sky is clear for A-sonic to do a quick take off. Let's see if it can clear 7c today.
A-sonic is now the only local company that has the capability and license to assemble and test MD aircrafts. It is in a strong position to grow the fleet quickly for leasing.
I expect it to be pushed up above 10c for a share placement to raise capital for this new biz, like what happened to CNA. Good luck!
