LT101 engine line (and type certificate) sold off yesterday.
9 replies (most recent on top)
You don't need to degrees. So you run the company into the ground, with lots of scrap. Create too much scrap. We have to sell you off.
I noticed people without degrees. Equal sell-offs, late deliveries, no quality, and lost customers. You wonder why you id--ts are being sold off.
Very true @1fiz, but Intermountain (Motorflug and Airwork New Zeland), MRO’s are already the primary LT101 and HTS900 repair shop under Honeywell license. Honeywell wants to retrofit LTS with HTS, and I’m guessing the decision was not want to deal with maintaining facilities, etc., for the low returns the beancounters must have calculated for LT for some quick cash.
@1qzc+1lc1cmlK
You're not wrong! What is interesting to me is how many MRO agreements is entering into as well as distribution agreements.
Just hard to see Hon aero sustains the revenue.
@1imf
New engine lines don't pay your salary. Heck, most new engines are sold at a loss.
It's the servicing contracts and spare parts sales of old lines that generate profit.
(Unless it's power per hour plans. Then we pay for the parts and overhauls ourselves.)
LTS101 is an archaic product line. 10 years ago it was thought this would have a second life that never materialized. HTS900 is the growth platform that replaces LTS101.
Told ya all... aero mechanical is next in line after sps.
Lighting is scrambling to license some more of their products - just to make a quick buck. Such shortsightedness…
https://verticalmag.com/press-releases/intermountain-turbine-services-acquires-lt101-tc/
And it begins.