SMN 14.3% 48.0¢ structural monitoring systems plc

Value Upon Approval, page-116

  1. 1,094 Posts.
    lightbulb Created with Sketch. 383
    I'm no expert in the aircraft industry but I AM good regarding remembering numbers.

    I have a strong recollection that (around 3-4 years ago) I saw a detailed listing of the number of airlines per tier and my memory tells me there were 37 Tier 1 airlines (less 1 for Delta) leaving 36 potential Tier 1 customers. Pretty confident of that.

    I may be wrong, but I AM a betting man. LOL.

    Perhaps there are less now (ie in your figures) due to start-up after Covid-19, however if air travel is business as usual in a year or two, then we are likely then back to around 37 Tier 1s.
 
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