Business
Star Navigation signs M.O.U at Dubai Air Show for BEXAIR's entire fleet of aircraft
Star Navigation signs M.O.U at Dubai Air Show for BEXAIR's entire fleet of aircraft.
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\n\nDUBAI, United Arab Emirates, Nov. 23 /CNW/ - Star Navigation Systems\nGroup Ltd. (\"Star Navigation\") (TSX.V: SNA) is pleased to announce the signing\nof a Memorandum of Understanding, 'M.O.U', with BEXAIR for the sale and\ninstallation of Star Navigation's flagship product, the In-flight Safety\nMonitoring System - 'ISMS(TM)' for BEXAIR's entire fleet of aircraft. A\nformalized contract is expected to be concluded on or about November 30, 2005,\nthe value of which is estimated to be USD $1.5 million at list prices.\nThe ISMS(TM) is the first system in the world to feature in-flight data\nmonitoring and diagnostics with a real-time, secure connection between\naircraft and the ground, made possible through current technology and\nsatellite transmission.\n\"Real-time information enables a proactive approach which not only\nfurther enhances safety, but also significantly enhances profitability by\nreducing overall maintenance and operating costs. As an established market\nleader, BEXAIR is committed to delivering the highest levels of air safety and\ncustomer satisfaction, while enhancing operating profitability. Our dedication\nto passenger safety and comfort is the driving force behind the implementation\nof the best technology available in the marketplace. Our visionary leadership\nwill further solidify BEXAIR's position as a dominating force in the region.\nStar Navigation's In-flight Safety Monitoring System - the ISMS (TM) is\ncutting edge technology in the aviation industry,\" reports Faisal Alam,\nP. Eng, MBA Head of Maintenance and Development - BEXAIR.\n\"BEXAIR is one of the most dynamic aviation companies in the region,\ncurrently handling close to 20% of all the Middle East's executive charter\nbusiness. We are honoured that BEXAIR has chosen the ISMS(TM). At the Dubai\nAir Show it has became very evident that Star Navigation is the leader in\naviation technology. We have a product without peer which is in increasing\ndemand. This announcement is yet another great example of the traction and\nproduct acceptance we are currently experiencing. BEXAIR is a forward-thinking\nand innovative market leader with an exceptional team of professionals at its\nhelm. We are now in discussions with multiple operators and expect to report\nfurther progress in the coming days ahead,\" reports Viraf Kapadia, Chairman\nand CE...