AVTECH: More potential customers will likely pause contract processes
AVTECH today announced that one of its potential customers, the European charter airline group has paused the contract process for an Aventus Full-flight service agreement. This is somewhat expected news to us. And the recent Corona-virus events are the reason for Redeye’s scenario analysis with its bear, base and bull-cases. Our view on the AVTECH-stock and its mid-term prospects has shifted to bear-mode.