The results are going to be messy for the full year and I suspect will not be clean until H2 FY23 ie after all the new planes have been put in service by end of CY22. The $64m question is how much additional profit these new planes can generate - on the basis that they can generate almost 100,000 flying hours compared to 38,000 hours the old planes I assume more? The old planes got AQZ to a net profit of $35m , so how much can the new planes plus the Rockhampton facility deliver? I am guessing quite a bit ! Also amazed at the sort of price being bandied around for Cobham - between $1bn and $1.5bn - based pretty much on the same EBITDA that Alliance delivers with just its old planes
AQZ Price at posting:
$3.78 Sentiment: Hold Disclosure: Held
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