BE AEROSPACE (BEA) sank to a loss in its third quarter, after writing off nearly $24 million against in-flight entertainment products outdated through the success of the group's MDDS interactive systems.
The group had warned earlier that a charge would be made, but had not revealed the scale. The charge left BEA with a net loss of $14.6 million for the quarter although, the group's underlying performance was largely unchanged, and it could be on course to show a loss for its full year to the end of February.
BEA chairman Amin Khoury says that sales of the MDDS equipment booked during 1994 will not show through until 1996's results are revealed..
Source: Flight International
