AVTECH communicates a business update concerning EUROWINGS
The Board of AVTECH Sweden AB (publ) communicates the following business update: EUROWINGS test period has resulted in a commercial contract covering Aventus Full Flight wind uplinks. The contract period is initially two years with commencement date 1:st December 2019. EUROWINGS will be the second airline within the Lufthansa Group joining the already existing framework agreement with the Lufthansa group. EUROWINGS currently operates approximately 140 airplanes. The value of this project is presently difficult to determine since the verified savings for EUROWINGS will impact the price.