AVTECH announced LATAM is pausing its use of ClearPath for its short-haul fleet to benchmark against competing solutions. The evaluation is expected to last one-to-two months and reduce revenue by SEK0.6-1.2m. LATAM confirms ClearPath is already delivering significant savings despite below-par pilot usage, and because those savings scale with usage, it will work with AVTECH to lift adoption. CEO David Rytter has repeatedly flagged rising competition in fuel-saving software, and customers who previously paused to trial rivals stayed with AVTECH, the company says. The caveat is Aventus: paused a few months ago and still open despite positive results from AVTECH — whereas the ClearPath pause is bounded. Fuel-saving software is bought on results, and the results are there: Wizz Air reports payback within months. That is why prevailing with LATAM — after two pauses and this level of scrutiny — would be the strongest evidence yet that ClearPath delivers. The real risk is not this pause but what it signals: if LATAM's benchmarking favours a rival, other customers running their own comparisons could reach the same verdict, though none has signalled it. A permanent loss of ClearPath would reduce ARR by SEK7.2m (15% as of Q1 2026), which Redeye believes is worth SEK2.2 per share in fair value. Redeye cuts its Bear Case to SEK3.3(5.5) while leaving the Base and Bull cases unchanged. The market will likely sell the share down by 10-20% on raised uncertainty over LATAM and doubt about ClearPath's value. In Redeye's view, a reaction above 35% would price a permanent loss as settled, on what is so far only a one-to-two-month evaluation.
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