Hi Redgum,I think Ross somewhat spoke to the airbus applications...

Hi Redgum,
I think Ross somewhat spoke to the airbus applications and some of my key takeaways from what he was saying are below:
- Airbus, to my knowledge don't have an APB issue like Boeing. As he stated the APB application is specific to a subset off aircraft manufactured around the same time (hence why our initial market is only 750 odd aircraft for this application).
- The exercise of narrowing down the applications that represent the most burden (maintenance wise) to operators and have the best pay back is coming to a close for the A320 model - Once this is completed every application may have a separate design and with it carry variable parameters that need to be hit for certification. The other thought I had is who owns the data with current testing (hopefully SMN) - if it is Boeing then they certainly in my eyes wont be lending data to Airbus to use.
- The agency is EASA, as I understand there are bilateral agreements in place between certain agencies when it comes to certification but no OEM would just accept a technology because one does (especially in light of Boeings past form).
- Testing has been done on the A320 in the past but i doubt to the degree it has taken place with boeing, plus as it was done so long ago are those original tests going to be still considered appropriate.
https://www.easa.europa.eu/sites/default/files/dfu/IMRBPB%20IMRBPB%20April%2008%20presentation.pdf
https://announcements.asx.com.au/asxpdf/20071123/pdf/3160gbcwyd2v24.pdf

- I think the blanket approval you talk about above was what Ross was saying after 5-10 applications are approved (it may get to that stage).
- The key bottleneck and conundrum in all of this are our testing facilities which are getting choked out by the Boeing application. As Ross said capital is needed to improve this and simultaneously test multiple applications, however it comes at the cost of dilution to existing shareholders.

In an ideal world we have the Boeing approval and the options get exercised, wiping debt and allowing us to transition into this next phase but not to be.

Cheers.