Lseat converts economy class seats in sleep mode without power assistance nor bothering the neighbourging seats and maintaining seat row pitch on any type of aircraft. This innovation is a patented design from our CEO Yves Hendrickx
Certified retrofit kits for existing aircraft seats can be delivered in Q3/2020 and brand new innovative design aviation certified seats will be available in Q3/2021
SONACA, major world supplier of wing leading hedges and flaps to AIRBUS, BOEING, EMBRAER, DASSAULT and BOMBARDIER with nine factories in Belgium, Canada, USA, China, Brazil and Rumania is taking care of engineering, certification management.
SABCA, up to recently a subsidairy of the DASSAULT group and manufacturer of key parts on AIRBUS 350 and ARIANE satellite launch engine controls will be in charge of the L-seat production program.
INNOVIRIS the Brussels innovation support organization is granting support to the program.
Lseat is a huge comfort improvement on any aircraft flying hours and up in economy class. It is the most cost efficient way to create a Economy Class Plus.
For 24 Lseats with a ticket price mark-up of 50 € per ticket, on two long range flights a day and 330 operation days a year, the airline revenue is increasing with 33.000 € per year per Lseat. Pay-back on investment can ge as quick as two months.
Two major airlines are in a process to commit to their first orders
The company is open to a limited number of equtity investors. Anyone interested can contact Yves Hendrickx at +32 473 987 988 or email@example.com
WIFI TECHNOLOGIES sprl was set up in 2017 and growed slowly in its cocoon with moderate profits.
The company now has the necessary means to quickly and solidly reach a solid position in a huge global market. The innovative character of L-seat and the protection provided by its very strong patent,which will be extended to all industrialised countries in the world, The future is bright for the company.
Financial resources gathered from various sources and a €335,000 soon being allocated by the Brussels Region will make it possible to ensure a very quick growth.
The technical collaboration of SONACA and SABCA, major aeronautical manufacturers, guaranty superior quality and references, ensuring the seriousness and chances for success of its projects. Hugues Langer, CTO and Technology Senior Officer of SONACA joins the company for 10% of his time.
Thus, the subsidies from INNOVIRIS and equity increase, will allow SONACA and SABCA to design an even more innovative seat in terms of comfort for the economy class. The R & D budget of €800,000 is planned.
The increasing annual financial results envisaged in the business plan up to 2026 expects an amount of €81M CF cumulated up to 2026 for the new seats and nearly €94M possible cumulated in 2026.
The projected financial results consist of a business plan up to 2026 for new seats sold for new aircraft leaving the factory from manufacturers, but also to airlines which generally renew their cabin interiors every five years. Detailed Business case is available on demand at firstname.lastname@example.org.
Year 2020 2021 2022 2023 2024 2025 2026 Total
CF 0,0 1,2 4,2 9,3 18,7 16,6 30,9 81,0
Cumulated CF 0,0 1,2 5,5 14,8 33,5 50,1 81,0 NPV (20%) 2021 2026 35,7
These prospects, which astonish the company's managers themselves, are enormous but result from the arithmetic analysis of the size of the markets at the expected competitive selling prices. Should for instance Air France's order for 24 Lseat seats for its 70 BOEING 777s alone represents a potential sale of more than € 9?4 M. The market shares taken into consideration for 2020 are less than 1% and less than 7.6% for the new seat market in 2026. For the retro-fit, they estimate a potential market of 28,6 % in 2026.
L-seat strong selling points.
Any airline can sell its economy class ticket on a L-seat sleep mode equipped with a mark up of 50 € per long range flight. Those aircraft make two flgths a day 330 days a year bringing in a revenue increase of 33.000 € per seat per year. For the airline the pay back on the investment is 2 months.
The challenge for managers is enormous but is a result of serious and long analysis. Temporary adversities will have little influence on airline management planning for the long term, and the advantages offered by the product create a four-month return on investment.
Detailed business cases are available on request email@example.com or phone +32 473 987 988.
Copyright © 2017 WIFI TECHNOLOGIES - All Rights Reserved.