PPRuNe Forums - View Single Post - Cobham - Going, Going, Gone
View Single Post
Old 2nd Dec 2019, 14:52
  #36 (permalink)  
LostontheLOC
 
Join Date: Jan 2019
Location: Australia
Posts: 151
Received 119 Likes on 35 Posts
AMSAR is currently running at a 4 million dollar per year loss, any new buyer of cobham will seriously look at the viability of that current contract.

There is a reason cobham went through a series of restructuring over the last couple of years was due to this contract, and the majority of the people who were involved have been managed out of the business or taken retirement.

The only reason AMSAR is still afloat is all because of the Border Force contract, however Cobham are strongly looking at losing this contract to Air Affairs when the renewal is due.
The follow on affect of this would be catastrophic for the company.

Cobham is ironically running on fumes, and we aren't taking about an Islander.
LostontheLOC is offline