Thu, Jan 19, 2012
New Client Will Be The Company's Largest
AeroMechanical Services (AMA) has signed a contract with an
airline that will become the Company's largest Canadian customer
for seven Automated Flight Information Reporting System (AFIRS) 220
and 12 of the next generation AFIRS 228B, for a total of 19
aircraft. The contract requires AMA to install AFIRS 220 and AFIRS
228B on Boeing 737-200, 767-200F and ATR-42/72 aircraft. The
airline has been in business for over half a century and operates
in major Canadian centres and remote northern regions. The airline
also operates charter flights within the country.
"We are extremely pleased to welcome this Canadian operator as a
new customer," commented Matt Bradley, VP of Business Development
at AMA. "With this addition, our Canadian customer list is now at
eight airlines. The airline has indicated to us that our technology
will add significant value to their operation and reinforce their
commitment to safety and efficiency."
AFIRS will enable real-time flight following and 24/7
connectivity between the aircraft and operations through the
Iridium satellite communications system. The airline will also
utilize AMA's other services including engine trending, airframe
and engine exceedances, and Out, Off, On and In times. The airline
will use the data AFIRS provides to operate its Flight Operations
Quality Assurance (FOQA) program, a type of safety monitoring
program.
AMA will provide equipment and services to the airline over a
five-year contract. Installations are scheduled to begin within the
year and be completed over the next 18 months. If AMA completes
installation on all contracted aircraft and provides recurring
service for the full term of the agreement, gross revenue to AMA
will be approximately $1,945,260 USD, excluding optional services.
The installations for the Boeing 767-200F and ATR-42/72 will
commence upon AMA receiving all necessary certifications and no
issues are anticipated for the completion of the
certifications.
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