- AVTECH Business Update
- The Board of AVTECH Sweden AB (publ) communicates the following business update:
As previously announced, AVTECH and Lufthansa Cargo, began a cooperation in 2016 with the purpose of evaluating the benefits of AVTECH’s weather uplink service Aventus NowCast™ in Lufthansa Cargo’s operation.
The evaluation period has now been concluded and it is with great pleasure AVTECH announces that a 5 year long commercial agreement, effective 01 January 2018, has been signed. This initial contract has a yearly revenue for AVTECH of less than 1.0 MSEK.
AVTECH is the only company in the world that can distribute processed weather information from the most up to date and advanced forecasts available. These are derived from the UK Met Office’s high resolution global meteorological model and can be sent directly to airlines and pilots.
The Aventus NowCast™ weather service gives pilots access to weather data of the highest quality available, and when the data is fed into the aircraft Flight Management Computer, the actual aircraft trajectory is optimized, reducing the fuel burn and the CO2footprint
” I am extremely pleased that our intensive and constructive cooperation with Lufthansa Cargo now moves into a commercial phase”, says Soren Skog Marketing Director of AVTECH.” Lufthansa Cargo is a fantastic partner to work with and because of the evaluation performed over the last 12 months we are better able to quantify the benefits Aventus NowCast™ brings to our customers. We will shortly discuss our weather service with other airlines in the Lufthansa-group, as each airline in the group independently decides if they will join the signed agreement”.
“We are sure that the cooperation with AVTECH is going to optimally support Lufthansa Cargo’s broad efforts in the area of fuel efficiency. We are looking forward to achieving further improvements together” says Björn Ostertag (Head of Fuel Efficiency & Punctuality Management) at Lufthansa Cargo.
For more information, please contact
Sören Skog, Marketing Director, +46 (0) 8 544 104 80
Christer Fehrling, Managing Director, +46 (0) 8 544 104 80