Turbine Aviation Inc (TURA)

[GreenSockMonkey]

If you go here you'll see their engines for sale: www.turbineengine.aero/index.php/contact-us/engines-for-sale

They have 12 still for sale and 5 sold.

I tried to get an idea on how much some of these engines cost:
http://www.prestige-aircraft.com/engines.htm
This website has the JT8D-9A engines listed for $320k. Turbine shows 2 of those sold for a total of 5 engines.

I found some prices for other models like the JT8D-17 – $375,000 (Turbine has 4 of these)

So let's just assume that each engine sells for $300k. With 5 sold, we're looking at 1.5M in revenues and they still have 12 more for sale.

Total engines 17* $300,000 = $5.1M

Keep in mind that they have 17 different ways to get revenue based on their site. (List of all their capabilities)

Also, Matthew Marsenison owned ATT (some other aviation company) and sold it to Newjet, a company exceeding 2.5B in sales. "Additionally, ATT bought, sold, leased, tore down and brokered the sale of commercial jet aircraft, engines and spare parts. In 2007, ATT was acquired by Newjet."

NewJet LinkedIn Page


Maybe that 20-50M revenue projection isn't too farfetched. Hoping we see pennies.