Loar Group: SCHROTH vs AmSafe Seat Belts
Former Chief Operating Officer at SCHROTH, Loar Group
inpractise.com/articles/loar-group-schroth-vs-amsafe-seat-belts
Loar Group: SCHROTH vs AmSafe Seat Belts(May 21, 2024)
Former Chief Operating Officer at SCHROTH, Loar Group
The executive has over 30 years aerospace experience and was the COO at SCHROTH, the seat belt manufacturer, when it was owned by Perusa before being sold to Loar Group.
Interview Transcript
This is a snippet of the transcript, sign up to read more.
And when you say you weren't selling directly to the airlines, why was that?
The contracts were written specifically for certain seat manufacturers. Not every seat manufacturer was included. We did have airline customers to whom we sold directly, primarily replacement belts, which was also a 30% to 40% margin business. However, it depended on the seat manufacturer whether we were selling to the airlines or directly to Collins. Sometimes, the airlines' contracts were written directly and only with Collins. We would sell the replacement belts to Collins, who then marked them up and sold them to the airline customer. The contracts varied widely, not very standardized, and depended on the size of the airline and the seat manufacturer. It was quite a mix of different rules.
This is a snippet of the transcript, sign up to read more.
Related Content
Copyright Notice
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2024 IP 1 Ltd. All rights reserved.