We have designed and established the specifications to achieve the commercial prototype during Phase 2. We have also performed a risk and mitigation analysis, a freedom to operate study, and we have set our objective market and our route for commercialization in general aviation.
The main conclusion is the change of the key players involved in the consortium, from the former two companies, Asteravia and Aerlyper, into three companies: including now Globavia.
As a second one, is the budget of over €3,5 million and a duration of 24 months. The financial analysis results of our FS, considering estimated revenues of €41.02 Mio after 5 years of commercialization and the previous investment, indicates a ROI of 4.64 and a payback of 24 months. We aim to achieve these estimated sales thanks to the creation of 14 positions, including Engineers and our Sales and Administrative force.