AVTECH: Highest per aircraft revenue yet

Research Note

2023-03-14

08:19

Redeye comments on AVTECH's latest customer addition. AVTECH signed an agreement for ClearPath and Aventus Winds services with the airline Volaris. Volaris has a fleet of about 120 aircrafts, growing at a CAGR of 20% since 2006. The agreement is worth SEK8m-SEK14m over three years. The revenue per aircraft is the higest among AVTECH's customer so far at SEK0.03 per aircraft. We view the agreement as favorable and expect the shares to close in on our base case.

RJ

Rasmus Jacobsson

Sign up for free to continue

Already a member?

Sign in

Disclosures and disclaimers

Premium Plan required to unlock

Unlock companies to access

more high quality research.