Saturday July 11, 2020

Ten questions Datalex must answer

The aviation software maker shocked investors when its 2018 losses hit $50 million - the latest in a litany of horrors. Here’s what the shareholders should ask

Ian Guider

Markets Editor

@ianguider
8th September, 2019
2
Aidan Brogan, former Datalex chief executive and former chairman Paschal Taggart Pic: Bryan Meade

Datalex, the aviation industry software developer, stunned investors once again last Friday with revelations that its losses for 2018 hit $50 million (€45 million) following exceptional charges of $37 million, and that it required a further $5.5 million cash injection from its biggest investor Dermot Desmond to see the company through the rest of the year.

In the long-awaited 2018 annual report Datalex said a dividend payment from a subsidiary company may have been made unlawfully as it did...

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