MRO & Aftermarket Services

S&P 500 earnings are expected to increase by +24% from the same period last year in the third quarter, the 8th straight quarter of double-digit earnings growth for the index, according to Zacks Investment Research. Earnings are expected to be above the year-earlier level for 14 of the 16 Zacks sectors, with 5 sectors expected to enjoy double-digit growth: Aerospace up +159.3%, Energy up +111.9%, Tech up +41.9%, Basic Materials up +31.2%, and Transportation up +15.1%. The Conglomerates sector is the only one expected to have lower earnings in Q3 relative to the same period last year, down 35.4%, while Consumer Staples earnings are expected to be flat. Excluding the Energy sector, Q3 earnings growth for the S&P 500 drops to +20% from +24%, and excluding the Tech sector, growth for the rest of the index drops to +14.4%. Nvidia's Q3 earnings are expected to increase +90% year-over-year on +91.2% higher revenues, while Micron's year-over-year earnings and revenue growth rates are expected to be +938% and +348.6%, respectively, and Tech sector earnings growth gets cut by slightly more than half once contributions from Nvidia and Micron are excluded. The Q3 earnings season will get the spotlight when the big banks report on October 13th, but the reporting cycle actually got underway with the September 10th quarterly releases from Oracle and Adobe, followed by homebuilder Lennar as the third S&P 500 member to report such Q3 results, with an additional six index members on deck this week including Costco, AutoZone and Darden. Total Q3 earnings for the three S&P 500 members that have reported results already are up +22.6% from the same period last year on +14.9% higher revenues, with 33.3% beating EPS estimates and 66.7% besting revenue estimates.

TransDigm Group's defense revenues rose approximately 11% year over year in the third quarter of fiscal 2026, with year-to-date defense revenues up 10%, as healthy demand across the U.S. defense aerospace market lifted both original equipment manufacturing and aftermarket businesses. Aftermarket growth ran slightly ahead of OEM growth, reflecting continued demand for replacement parts and services across military aircraft. Defense bookings increased both year over year and sequentially in the quarter and exceeded sales, and management expects defense revenue growth to continue through fiscal 2026, with a strong backlog providing visibility into fiscal 2027. Shares of TransDigm have lost 9.7% over the past six months against a 13.5% decline for the industry, and the stock trades at a forward 12-month price-to-sales ratio of 5.25X versus an industry average of 7.23X. The Zacks Consensus Estimate for TransDigm's 2026 and 2027 earnings has moved higher over the past 60 days, and the stock carries a Zacks Rank #3 (Hold).

Tony Fernandes, founder and advisor of AirAsia Group, confirmed that the group has more than 1 billion US dollars in cash on hand and has no need to seek government assistance. He said the group is in the process of securing a loan of about 1 billion Malaysian ringgit from financial institutions, expected to be completed between December and January, with the financial support terms already signed. He stated that AirAsia has never defaulted on debt or undergone debt restructuring in any country, and over the past two years it has gradually repaid more than 240 million US dollars to Ares, clearing the debt on schedule. He also confirmed there is no risk of triggering the PN17 distressed criteria. As for the grounded aircraft, he said they are parked for routine periodic inspections, about 20 to 25 planes per month, not seized over unpaid debts, and the entire fleet is expected to return to full operations by the fourth quarter. At Asia Aviation Public Company Limited, or AAV, Fernandes said the company plans major investment in aircraft maintenance, repair and overhaul centers, or MRO, as well as cargo operations in Thailand and Indonesia, which will significantly reduce the operating cost structure of the group's airlines. AirAsia is meanwhile shifting its strategy back to core ASEAN markets and domestic routes in Thailand and Malaysia, while accelerating the procurement of highly fuel-efficient narrow-body aircraft such as the Airbus A321LR and XLR and the A220, even as average ticket prices have risen about 40 to 45 percent compared with 2019.

Thai Airways, or THAI, sees the liquidity crisis among low-cost carriers as an opportunity to step into routes where flights have been reduced. Mr. Chai Eamsiri, Chief Executive Officer of Thai Airways International Public Company Limited, disclosed that as of the end of the second quarter of 2026 through the present, the company has cash flow of more than 120 billion baht and has already hedged more than 40% of its fuel price exposure for its requirements throughout the second half of 2026. The company will rotate existing aircraft and refurbished aircraft it has taken on, such as the B787 and A321, to compensate on these routes, while increasing frequency and adding new cities in the Asian region, including India, China, and Vietnam. In particular, on China routes it will increase direct flight frequency to Shanghai, Beijing, and Guangzhou to 14 flights per week per route, and will resume the Bangkok–Xiamen route with 4 flights per week, and add a new route, Bangkok–Da Nang, with 14 flights per week, starting 1 December 2026. For the winter flight schedule of 2026/2027, between 25 October 2026 and 27 March 2027, Thai Airways will operate a total of 66 routes, covering both international and domestic services, increasing frequency on the Bangkok–Munich route to 10 flights per week, Bangkok–Zurich to 11 flights per week, and Bangkok–Paris to 14 flights per week. Meanwhile, for the CLMV countries, it will increase the Bangkok–Vientiane and Bangkok–Yangon routes to 21 flights per week per route. Yuanta Securities (Thailand) Company Limited stated in an analysis that it expects revenue for the third quarter of 2026 to recover both quarter-on-quarter and year-on-year, in line with the recovery in load factor, and maintained its Buy recommendation with a fair value at the end of 2027 of 8 baht.

Thai Airways is signalling continued profit growth in 2026, with Chai Eamsiri, Chief Executive Officer of Thai Airways International Public Company Limited, or THAI, revealing that the company expects full-year total revenue to potentially exceed 200 billion baht, after the first half of the year brought in nearly 100 billion baht, or approximately 99 billion baht, along with a profit of about 12 billion baht. At the same time, its liquidity position remains a strength, with more than 120 billion baht in cash on hand, up from the second quarter. The company is pressing ahead with managing its fleet of 87 aircraft to capture opportunities from regional low-cost carriers facing liquidity constraints and cutting services on certain routes. It plans to add Boeing 787 aircraft to the fleet and to return one existing aircraft that has been refurbished and fitted with seats to service on medium-haul routes. In the Asian market, particularly China, India, and Vietnam, it is preparing to add Airbus A321 aircraft. On fuel price risk management, for the remainder of 2026 the company has already hedged more than 40%, and for 2027 it has hedged about 48%. Kittiphong Sansomboon, Chief Commercial Officer, said that in the winter flight schedule for 2026/2027, running from October 25, 2026 to March 27, 2027, Thai Airways will operate a total of 66 routes, launching a new Bangkok–Da Nang route with 14 flights per week starting December 1, 2026, while increasing frequency on the Bangkok–Vientiane and Bangkok–Yangon routes to 21 flights per week per route, Bangkok–Siem Reap to 7 flights per week, Bangkok–Amsterdam to 7 flights per week, Bangkok–Munich to 10 flights per week, Bangkok–Zurich to 11 flights per week, Bangkok–Paris to 14 flights per week, and resuming service on the Bangkok–Xiamen route with 4 flights per week.

RTX unit Pratt & Whitney signed a new production licensing agreement with Hermeus covering the F100-PW-229 fighter engine, and separately completed the F135 Engine Core Upgrade Risk Reduction Design Review for the engine that powers the F-35. The Hermeus accord allows Hermeus to manufacture the F100-PW-229, an engine widely used across U.S. military fighter aircraft fleets, giving Pratt & Whitney another qualified source for one of its most widely fielded fighter engines and supporting supply resilience and throughput. RTX, a US-based aerospace and defense group with a market value of about $266.4b, supplies engines, systems, and services to military, commercial, and government customers. The F135 Engine Core Upgrade review and the F100 production license both speak to RTX's push into technology-heavy defense work while managing engine-related risks. The key marker to watch is whether the F135 Engine Core Upgrade shifts from design milestones into funded production and retrofit orders across the existing fleet, with clear timing and volumes.

RTX Chairman and Chief Executive Chris Calio said strong demand for air travel and rising global defense spending should support the aerospace and defense company's growth for years, speaking Tuesday with Morgan Stanley analyst Christine Liwag at the firm's 14th Annual Laguna Conference. Calio said RTX has a backlog of about $289 billion, a figure that does not include five framework agreements covering major munitions programs or a recently awarded seven-year, $23 billion Tomahawk contract, and that volumes under the five agreements could rise by two to four times. About 48% of Raytheon's backlog is international, up four percentage points from a year earlier, and sensors and effectors account for about 70% of the unit's sales, with the Coyote counter-drone system having recorded more than 600 drone defeats in operational settings. On the commercial side, RTX expects to deliver a record number of geared turbofan engines this year, and GTF maintenance output rose 40% from a year earlier in the second quarter, helping reduce aircraft-on-ground levels by 25% since the end of 2025. RTX continues to target a medium-term operating margin of 19% to 20% at Collins Aerospace and expects 2026 free cash flow of about $8.6 billion at the midpoint of its forecast, with Calio describing the dividend as sacrosanct.

Boeing and American Airlines announced the successful completion of the first landing gear exchange for a 737 MAX, extending Boeing's longstanding Landing Gear Exchange Program to the MAX platform. For the completed exchange, Boeing supplied an overhauled and certified main and nose landing gear assembly with an installation kit, excluding wheels, tires and brakes, and the swap validated the end-to-end process from technical overhaul and paperwork through delivery. William Ampofo, senior vice president of Parts & Distribution and Supply Chain at Boeing Global Services, said the milestone reinforces that the program delivers predictable, safe and cost-effective outcomes and gives operators another proven tool to shorten downtime and manage costs. Boeing is also increasing global overhaul capacity and coordinating with certified MRO partners to expand geographic availability and shorten lead times, with near-term priorities including enlarging 737 MAX-capable exchange inventory and adding forward-exchange slots close to customer operations. The program lets airlines avoid lengthy in-place overhauls and extended groundings by reserving forward-exchange slots instead of holding high-cost spare inventories, with Boeing managing technical overhaul, service bulletin incorporation, certification and supplier coordination.

Boeing delivered 51 aircraft in August, a 10.5% drop from a year earlier, yet its shares climbed back above $200 as investors focused on the company's broader turnaround. The planemaker's year-to-date deliveries are its best since 2018, and it posted $24.5 billion in second-quarter revenue, up 8% from the prior year, while adjusted free cash flow swung to $631 million from negative $200 million a year earlier. Boeing's backlog stands at $715 billion, with more than 6,200 commercial aircraft in the pipeline, and CEO Kelly Ortberg has stressed that the manufacturer is rebuilding trust among customers, regulators, and suppliers. The stock remains down more than 5% year to date, and the company still faces risks, including the need to deliver aircraft on time and keep capital expenditures in check.

RTX Corporation is expanding its commercial aerospace aftermarket opportunity as Pratt & Whitney increases support capabilities for its Geared Turbofan engine family, with the GTF aftermarket network reaching 21 facilities worldwide in 2025 and PW1100G-JM shop-visit output rising approximately 26% year over year. The GTF family powers more than 2,600 aircraft operated by more than 90 operators across the Airbus A320neo family, Airbus A220 and Embraer E-Jets E2 platforms, creating recurring maintenance, repair and overhaul demand. In 2025, the GTF Advantage engine received certification for the Airbus A320neo family, designed to deliver higher takeoff thrust while reducing fuel consumption versus the current GTF engine. Pratt & Whitney generated $32.9 billion in sales in 2025, up from $28.1 billion a year earlier, while operating profit increased to $2.6 billion from $2 billion. The Zacks Consensus Estimate points to RTX earnings per share growth of 14.79% in 2026 and 7.60% in 2027, and the stock carries a Zacks Rank #2 (Buy).

Avianca, part of Abra Group, has secured a first-of-its-kind financing agreement with the Brazilian Agency for the Management of Guarantee Funds and Guarantees (ABGF) to support maintenance, repair and overhaul (MRO) services for its CFM56 engines at GE Aerospace's Celma MRO shop in Brazil. The financing, arranged through Citibank and backed by ABGF's Export Credit Insurance, includes up to US$300 million and marks the first time a non-Brazilian airline has obtained such financing for aircraft engine maintenance services. The agreement reinforces Brazil's position as a regional hub for specialized aerospace services, with GE Aerospace's Celma facility serving as its main engine overhaul operation in Latin America, handling nearly 25% of the company's internal engine maintenance work worldwide. Executives from Avianca, ABGF, and GE Aerospace hailed the deal as a boost to fleet reliability, Brazilian high-technology exports, and regional aerospace value chains.

The Cabinet has approved the results of the private sector selection, the draft joint investment agreement, and key contract terms for two joint investment projects at Suvarnabhumi Airport, as proposed by Airports of Thailand Public Company Limited (AOT). The approval designates Bangkok Flight Services Company Limited (AOTGA) as the selected private entity to jointly invest in both projects, which include the provision of aircraft parking and ground equipment services, ground passenger services, and other related activities for the third operator, as well as the third operator's cargo warehouse services project. These will be carried out under a PPP Net Cost model, with annual concession fees paid to the government. The cargo warehouse project will cover inbound, outbound, transshipment, perishable goods, as well as express and e-commerce cargo, to support airport growth and promote competition among operators. Following the contract signing, AOTGA will commence the projects, which will enhance capacity to handle air traffic and cargo volumes and support Suvarnabhumi's role as a regional aviation hub.

StandardAero celebrated the grand opening of its expanded facility in Winnipeg, Manitoba, which grows the site's footprint by 40 percent and enhances its engine maintenance, repair, and overhaul capacity. The new 70,000-square-foot expansion supports full MRO services for GE Aerospace CF34-3/8 and CFM International CFM56 turbofan engines, which power regional aircraft like the Embraer E170/E175 and the Boeing 737 NG. This investment reinforces the company's 115-year presence in Winnipeg, where it employs 1,500 workers across eight facilities. StandardAero has been a GE-Branded Service Agreement partner for the CF34 since 2001 and a CFM International General Support License Agreement holder for the CFM56 since 2009. The company says the expansion positions it to meet growing customer demand and deliver greater value and reliability.

Airbus is set to elevate Thailand as a key digital business base by establishing Bangkok as the regional headquarters for Skywise, its digital unit, covering ASEAN, China, India, Japan, and South Korea. It will also use Thailand as the sole software testing base for customers worldwide. Mr. Narit Therdsteerakul, Secretary-General of the Board of Investment (BOI), revealed after discussions with Mr. Bert Porteman, President of Airbus Thailand, that Airbus currently has over 200 personnel in Thailand, more than triple the number since 2022, with 85 percent being Thai nationals. The company plans to hire over 40 more within this year. Airbus has been operating in Thailand for over 40 years, with more than 150 commercial aircraft and nearly 80 helicopters in the country, serving key customers such as Thai Airways, Bangkok Airways, Thai AirAsia, and Thai Vietjet. Additionally, Airbus collaborates with GISTDA on developing THEOS-1 and THEOS-2 satellites, with Thai Aviation Industries (TAI) on aircraft maintenance, and with the CP Group on sustainable aviation fuel (SAF) development. Airbus sees Thailand's potential as a leader in SAF production due to its strong agricultural waste materials and ethanol industry. Meanwhile, Airbus has about 80 Tier 1-3 suppliers in Thailand and is ready to support MRO personnel development in partnership with leading Thai universities.

TransDigm Group is benefiting from healthy commercial aerospace activity and rising demand for aircraft aftermarket products, with commercial aftermarket revenues up approximately 17% year over year in the third quarter of fiscal 2026, accelerating from 14% growth in the prior quarter. Commercial transport aftermarket revenues rose 18%, driven by strength across engine, passenger, and interiors markets, while freight revenues remained roughly flat. Distributor point-of-sale activity increased at a double-digit rate, and commercial aftermarket bookings exceeded management's expectations for the third consecutive quarter, prompting the company to raise its fiscal 2026 commercial aftermarket revenue growth outlook. TransDigm also stated it had not observed any material aftermarket slowdown related to the Middle East conflict through the fiscal third quarter. With the commercial aerospace aftermarket expected to continue expanding amid rising aircraft utilization, an aging global fleet, and sustained demand for maintenance and replacement parts, TransDigm is well-positioned to capitalize on favorable industry trends. Shares of TDG have lost 9.9% in the past six months compared with the industry's 12.8% decline, and the stock trades at a discount on a relative basis, with a forward 12-month price-to-sales ratio of 5.82X versus the industry average of 8.03X. The Zacks Consensus Estimate for TDG's 2026 and 2027 earnings has moved higher over the past 60 days, and the stock carries a Zacks Rank #2 (Buy).

Apollo Global Management and KKR have announced a strategic partnership to support the continued growth of Atlantic Aviation, one of the largest private aviation infrastructure platforms in the United States. Under the transaction, Apollo-managed funds have acquired a significant interest in the company, while KKR-managed funds remain a substantial shareholder, valuing Atlantic Aviation at nearly $10 billion. Atlantic Aviation provides fixed-base operator services, including aircraft fueling and hangar leasing, across the country. Since KKR's acquisition in 2021, the company has expanded its locations through strategic acquisitions and organic growth. Apollo Partner David Cohen and KKR Partner Dash Lane both expressed confidence in the company's future, citing structural tailwinds in the private aviation market and the strength of the platform.

Haneda Airport in Tokyo unveiled its new north-side passenger terminal extension today, ahead of its operational opening this September, with six boarding gates to accommodate steadily expanding air travel. The extension of Terminal 1 marks the largest expansion since the main building opened in September 1993. Japan Airport Terminal, which manages Haneda Airport, said the structure uses about 1,800 cubic meters of steel and wood to help reduce environmental impact. Inside the building are lounges, a children's area, and the iino driverless vehicle service, which carries up to four passengers free of charge. Japan's government aims to attract 60 million foreign tourists by 2030. Haneda Airport's passenger volume last year surged past 90 million for the first time, and aircraft movements reached about 490,000 flights, already at the airport's capacity ceiling. To address congestion and flight delays, Japanese airlines announced that starting this September, domestic passengers must check in and drop baggage at least 30 minutes before departure, up from 20 minutes. Kumiko Saito, an executive officer at Japan Airlines, said that because the distance from security screening has increased, passengers need to arrive earlier to complete check-in, and asked for cooperation so aircraft depart on time. Japan's Ministry of Land, Infrastructure, Transport and Tourism said on-time performance, defined as departure within 15 minutes of the scheduled time, continues to decline, averaging 83% for the top 10 airlines in fiscal 2025.

The Cabinet acknowledged necessary and urgent support measures to enable the U-Tapao Airport and Eastern Aviation City development project to move forward. The measures cover taxation, investment, facilitation for foreign operators and personnel, as well as infrastructure development and economic activities, with a target for practical implementation by 30 September 2026. They are expected to help stimulate private sector investment within the project of approximately 1.3 trillion baht over the project lifetime, create total employment of more than 63,701 positions, increase foreign tourists by about 400,000 per year, and generate domestic GDP of more than 37 billion baht in the first year of operation.

Mr. Ekanit Nitithanprapas, Deputy Prime Minister and Minister of Finance, revealed that during the Prime Minister's delegation visit to New Zealand, he held talks inviting NZAero, a leading New Zealand manufacturer of small aircraft and aviation, to invest in advanced aviation technology and aircraft repair business in Thailand. Thailand already has plans to invest in an aircraft repair centre, or MRO, in the Eastern Economic Corridor area, and the government is ready to facilitate through Fast Track channels to unlock obstacles for investors. Mr. Ekanit said Thailand has been a long-standing customer of NZAero and invited the company to invest in setting up a manufacturing plant and repair centre in Thailand, as there is already an MRO project in the EEC area. In addition, the Prime Minister said the Royal Thai Air Force will be asked to consider purchasing additional training aircraft from NZAero for further pilot training missions. NZAero is a leader in commercial aircraft production in New Zealand with a history of more than 70 years and has close ties with the Royal Thai Air Force, especially the CT4 trainer, known by the code name The Chicken, which has been part of Thai aviation for 54 years and has produced more than 3,500 pilots since 1973. The company has delivered around 70 aircraft to Thailand.

The Civil Aviation Authority of Thailand has revealed that in the first seven months of 2026, Thailand recorded total air passenger traffic of 85.16 million, an increase of 1.48 percent from the same period last year. Domestic passengers numbered 39.26 million, up 1.64 percent, while international passengers totalled 45.91 million, up 1.34 percent. Meanwhile, Thailand-Europe routes saw 16,998 flights, a jump of 9.02 percent, as passengers and airlines shifted to direct flights instead of connecting through the Middle East to avoid geopolitical risks. The Department of Airports reported that in 2025, airports under its responsibility served 14,230,036 passengers, and six regional airports, namely Surat Thani, Ubon Ratchathani, Khon Kaen, Nakhon Si Thammarat, Udon Thani, and Krabi, handled an average of 2,500 to 5,000 passengers per day. CAAT has also laid out a strategy under the concept of small airports with standards that are not small, and the Department of Airports announced a 50 percent reduction in landing and aircraft parking fees from 10 August 2026 to 9 August 2027 to encourage airlines to open new routes to secondary cities.

FTAI Aviation Ltd. has closed a US$2.00 billion warehouse financing facility, with an additional US$1.00 billion accordion feature, to fund its 2026 SPV's acquisitions of on-lease, mid-life 737NG and A320ceo aircraft while channeling engine work through its Maintenance, Repair and Exchange business. The facility was syndicated across 13 major lenders and lifts total warehouse financing for FTAI's Strategic Capital vehicles to US$5.50 billion in under two years. The company's narrative projects $9.0 billion revenue and $2.4 billion earnings by 2029, requiring 42.3% yearly revenue growth and an earnings increase of about $1.9 billion from $477.6 million today. Some analysts estimate earnings of about US$1.5 billion by 2029, while worrying that FTAI's heavy CFM56 exposure and ambitious global expansion could strain margins.

FTAI Aviation has closed a new US$2.0 billion warehouse financing facility for its 2026 SPV, providing fresh capital to acquire on-lease, mid-life 737NG and A320ceo aircraft. The company's share price has fallen 21.5% over the past 90 days, while the one-year total shareholder return stands at 36.5%. A widely followed valuation narrative places FTAI Aviation's fair value at $225.05 versus a recent close of $197.81, implying the stock is 12.1% undervalued. The company is evolving into a hybrid aerospace infrastructure and aftermarket platform, with strengths including structural tailwinds and aftermarket margins, and key risks including leverage, concentration, and execution complexity.

Bohai Leasing disclosed its half-year results for 2026. In the first half, net profit attributable to the parent reached 3.204 billion yuan, up 258.73 percent year on year. Revenue for the first half came to 23.663 billion yuan, of which aircraft leasing revenue was about 10.7 billion yuan, up 6.62 percent year on year. Net profit after deducting non-recurring items was 1.828 billion yuan, up 179.79 percent year on year. As of the end of the reporting period, total assets stood at 240.974 billion yuan, net assets attributable to the parent were 31.207 billion yuan, the fleet size was 1,146 aircraft, and the overall utilization rate was about 100 percent. The company said factors such as constrained supply, recovering demand, and technological upgrades continued to support aircraft asset values and lease rates. The fleet's weighted average lease rate was 10.74 percent, up 23 basis points from the end of 2025.

AAR Corp. completed its $35 million acquisition of Aircraft Reconfig Technologies in April 2026, adding FAA Organization Designation Authorization that lets the company issue supplemental type certificates and Parts Manufacturer Approval in-house. The deal strengthens AAR's aircraft interior design, reconfiguration, and engineering capabilities, reducing reliance on third parties and giving it greater control over certification. The company says the expanded capabilities position it to capture a larger share of aircraft modification and aftermarket spending as airlines focus on maintaining and upgrading existing aircraft. AAR shares have risen 94% in the past year, and the stock carries a Zacks Rank of 1, or Strong Buy.

The Pentagon is pushing defense contractors to rapidly scale production of missile interceptors, munitions, and drones following significant inventory depletion, creating a broad procurement surge across the U.S. defense industrial base. Deputy Defense Secretary Steve Feinberg gave industry leaders 21 days to submit proposals for faster deliveries, while President Donald Trump has pressed contractors to direct more capital toward production capacity rather than buybacks and dividends. Within the roughly $1.5 trillion defense budget request, autonomous vehicles and drone defense at $122 billion and missiles and missile defense at $123.7 billion represent the two largest growth areas. Lockheed Martin and Northrop Grumman are the dominant large contractors with direct interceptor and drone program exposure, while Kratos Defense & Security Solutions and AeroVironment offer more focused drone and counter-drone exposure. Lockheed Martin posted $65 billion in new orders in its most recent quarter, pushing its backlog to a record $230.4 billion, and Boeing and RTX reached framework agreements with the Pentagon to boost production of SM-3 Block IIA and Block IB interceptor components.

The Civil Aviation Authority of Thailand, or CAAT, is joining forces with the Department of Airports and private operators to accelerate Krabi Airport's upgrade into an aviation hub serving private jets, business flights, and aircraft maintenance. At a meeting on 17 August 2026, Deputy Transport Minister Phattharaphong Phattharaprasit chaired discussions with CAAT, the Department of Airports, and aviation operators. MJETS proposed marketing to attract private jets to fly directly to Krabi and developing a business aircraft service centre, including seaplane connections to Andaman tourist destinations. SAMS Engineering presented its readiness to maintain Boeing 737 and Airbus A320 aircraft up to weekly inspection level, with plans to raise standards to European requirements to serve airlines such as SAS and Finnair. The Department of Airports expressed readiness to support space leasing and long-term investment under relevant laws.

StandardAero reported second-quarter 2026 sales of US$1,599.69 million and net income of US$97.28 million, and raised its full-year 2026 revenue outlook to between US$6,375 million and US$6,500 million. The company also reached profitability on its LEAP and CFM56 engine programs and secured a US$180 million license expansion expected to lift recurring adjusted EBITDA. The upgraded guidance and LEAP profitability reinforce the company's effort to convert its growing engine footprint into more profitable revenue streams, though supply chain constraints and end-market cyclicality remain watchpoints.

Jim Cramer said Honeywell Aerospace Inc. (NASDAQ:HONA) mishandled its first earnings report as a standalone company by waiting until the release to disclose supply chain problems that caused a miss. The company reported second quarter results on August 5th that missed analyst revenue and earnings estimates and lowered its full year 2026 organic sales growth forecast to 4% to 5% from an earlier 7% to 9%. Cramer called the lack of a preannouncement a rookie mistake that put the company's credibility in question, though he said it was not dishonesty. CEO Jim Currier admitted the supply chain had not ramped as expected, while CFO Joshua Jepsen said investments to meet spares market capacity would dampen near-term financial performance in the back half. Despite the issues, Honeywell Aerospace reported an $18.5 billion backlog and 8% growth in its aftermarket business to $1.8 billion, and BMO kept an Outperform rating.