Re: My only question
in response to
by
posted on
Nov 19, 2009 11:07PM
And the last point. I asked about their break-even point. Their monthly burn rate is $150,000. They earn quite a bit from repairing the IFE platforms of the various airlines which according to Fred is very lucrative. Example: Luthansa pays about $14,000 a month for repairs et.c. Another airline about $4,000 per month. There are about 5,000 IFE's sold so far. And Fred suggested that it will not take many sales to break-even just by using the IFE part of the business.