Yes it’s certainly lucrative - the key things that are yet to be understood though is: a) Take up - my assumptions are around the target aircraft presented only (712 - includes Delta fleet) b) How long does fit out take for each operator - everyone will be different based on flight cycles and need for inspection I.e. airlines will defer expenditure if the check required isn’t in the short term. An airline with a higher utilisation rate (more flight cycles for this model) will need the check earlier.
On delta and United sales alone it looks great - however I am unsure what P/E to base any price predictions on
SMN Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)