WheelTug invited to join the Royal Aeronautical Society (RAeS)
"The Royal Aeronautical Society’s unique ability to stimulate discussion and exchange of ideas within the aerospace and aviation sectors is unparalleled and its influence worldwide is becoming increasingly important.
Over 160 organisations now take part in the Society's Corporate Partner scheme, which is the primary international forum for the exchange of ideas within the sector."
A corporate partnership costs between $2,000 and $20,000. (Gee thanks for the invite!)
In the presentation to the RAeS Cox said he had two likely sales in the next week. well he missed the week; it was closer to a month. The first was the Malaysian airlines which took us above 600 and now there is Volaris airlines.
Gibraltar, 21 October 2013 - WheelTug plc announced today the execution of a Slot Option Purchase Agreement with Volaris (NYSE: VLRS and BMV: VOLAR) for Airbus A320 WheelTug Systems. With the new reservations the order book for WheelTug® aircraft drive systems grows to 731 delivery slots reserved by thirteen airlines from Europe, America, the Middle East and Asia.
Volaris is the leading Mexican ultra-low-cost airline and the country's second largest airline
Well, the backlog of potential units is becoming too large to ignore...someone big will decide Wheeltug wins the game and make an offer...$20 a share is too cheap, and hopefully we have room to run here.
Assuming WheelTug actually delivers starting in early 2015.
say 10,000 aircraft get it and save 2 mil + a year apiece half going to WheelTug and partners.
20,000,000,000 That's 20 billion. say 1Bil goes to BOREF.
5 mil shares = $200 a share in earnings.
Google's EPS is $36 Apple $40. GM $3.
Some other stuff to think about.
TaxiBot hooks onto the nose gear and works like a tug but under the captains control.
Several years ago an airport (a US airport IIRC. I forget which one, but I did find it years ago) tried using regular tugs and haul aircraft to the place where they would start the engines. (Reducing emissions, noise, fuel, etc.)
They stopped. I could not find the reason from independent sources but WheelTug said it was because of the "extra damage caused to the nose gear."
As I said no outside verification but I have never caught them in an out right Lie.
I did find that each nose gear is slightly different size and it is like moving a trailer with an ill fitting ball. Much clunking occurred.
For this reason, I don't see a big future for TaxiBot. (maybe the 5% of cases that WheelTug can't handle it.)
Honeywell faces the problems that got LG to pull out, Heat.
Also they have a harder sell than WheelTug.
The airplane won't be back to original specs.
Big money down. (ROI ? )
Tougher maintenance making for more down time. = Lost income.
Heavier to carry. = more fuel costs than WheelTug.
On the Plus side:
Theirs works close to 100% of the time.
Initially I thought it would be cheaper than WheelTug long term.
Now I'm not sure.
If it isn't more than just a little cheaper long term I think it is DOA.
$20? NO WAY!
That's a ridiculously low price to buy this business's income potential should WheelTugs vision come to pass. Isaiah please laugh at anyone offering $20, $30, $40 even $100 per share. WheelTugs future is so bright I have to wear a welding hood.