Parrot Drones Plans Expansion Of Commercial Business | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-Unlimited-04.23.24

 Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

Fri, Mar 03, 2017

Parrot Drones Plans Expansion Of Commercial Business

Hopes To Return To Profitability By Producing More Professional-Use Aircraft

With the consumer drone market being dominated by a few big players, notably DJI, Parrot is looking to the commercial drone industry to return the company to profitability by 2018.

Reuters reports that Parrot CFO Gilles Labossiere said in an interview that commercial drones should have a gross profit margin of at least 50 to 60 percent, where consumer drones have a margin of not more than 35 percent.

Based on that analysis, Labossiere said that the company would not be competing for market share, but rather "seeking to be a strong number two in the drone industry and we will focus on the segments that will allow us to be profitable."

Parrot is not giving up entirely on the consumer drone market. While the company's results in 2016 were disappointing, it expects to see a strong rebound in the first half of this year based on product development and increased online sales.

(Image from file)

FMI: https://corporate.parrot.com/en

Advertisement

More News

ANN's Daily Aero-Term (04.26.24): DETRESFA (Distress Phrase)

DETRESFA (Distress Phrase) The code word used to designate an emergency phase wherein there is reasonable certainty that an aircraft and its occupants are threatened by grave and i>[...]

Aero-News: Quote of the Day (04.26.24)

"General aviation is at the forefront of developing and introducing innovative technologies that will transform the entire aviation industry..." Source: Kyle Martin, Vice President>[...]

ANN's Daily Aero-Term (04.27.24): Direct

Direct Straight line flight between two navigational aids, fixes, points, or any combination thereof. When used by pilots in describing off-airway routes, points defining direct ro>[...]

ANN's Daily Aero-Linx (04.27.24)

Aero Linx: Women in Corporate Aviation Women in Corporate Aviation support individuals seeking career advancement and professional development in the business aviation industry. Me>[...]

Aero-News: Quote of the Day (04.27.24)

“We would like to thank the many volunteers that help throughout the year to pull off the event, as well as the several reviewers, judges, and SURVICE staff that provide team>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 04.29.24: EAA B-25 Rides, Textron 2024, G700 Deliveries

Airborne 04.26.24: Beta Alia 250, SPEEA v Boeing, Anti-Av Climate Attacks

Airborne-Flight Training 04.25.24: eDA40 Progress, LIFT-Tuskegee, U of OK

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC