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AVTECH announced it signed Iberojet, a Charter airline with seven aircraft. The agreement is for Aventus and ClearPath with an expected annual value of SEK0.4m (0.06m per aircraft per year, the highest yet.) Redeye expects AVTECH to announce contracts with an annual value of SEK1.2m during Q4 2024 to meet its estimate. Thus, 1/3 of the target is in the bag. Redeye is positive on the announcement but retains the estimate and fair value range.
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