AVTECH's webinar on ClearPath generates great interest
AVTECH’s Aircraft IT live webinar (https://www.aircraftit.com/webinars/real-time-flight-path-optimizer-solution-demo-and-overview-webinar/?area=ops) on January 28, 2021, focused on the companys ClearPath flight optimization service generated a lot of interest. The webinar was conducted in two separate and well-attended sessions with a total of 158 registered participants from 97 airlines. The webinar was held with the objective of providing participants an overview of…
AVTECH Sweden AB (publ) communicates a business update
Marketing effort and new Marketing Manager With an increasing customer interest in environmentally sound flying and a market situation where airlines can start planning for a restart, now seems the right time for us to significantly increase our market efforts. We see an increased customer interest in our new cruise optimization product, which has already…
Britt-Marie Lodenius has after three years as CFO of AVTECH Sweden AB (publ) (the “Company”) decided to move on to new challenges and will in December 2020 leave her position in the company. Christina Zetterlund has been recruited and appointed as new CFO for the company. She has extensive experience of finance and accounting work…
AVTECH enters Aventus Full-flight winds service agreement valued at approximately 1 to 2 million SEK
AVTECH Sweden AB has signed an agreement with TUI Airlines covering the Aventus NowCast Full-Flight Wind Uplink service. The two-year service agreement has an expected value of between 1 and 2 million SEK, depending on fleet utilisation. The service has been deployed as part of a trial which started in 2019 and the service start…
Lars Lindberg resigns as board member of AVTECH Sweden AB (publ)
Board member Lars Lindberg has at his own request chosen to resign from the board of AVTECH Sweden AB (publ) (the "Company") due to an increased workload in other assignments. Lars Lindberg has had a role in the company for a long time and the Board thanks him for his solid work efforts. Lars resigns…
Nasdaq Stockholm Disciplinary Board imposes a penalty of 4 annual fees on AVTECH Sweden AB (publ) for deficiencies in the following of information disclosure rules
AVTECH Sweden AB (publ) (the "Company") has been informed of a decision from the Disciplinary Board of Nasdaq Stockholm that the Company is required to pay a penalty of 4 annual fees a' SEK 100,000 for not having published information in accordance with the Regulations on two occasions. The first occasion is the agreement with…
AVTECH announces a one-year contract extension with Southwest Airlines for the Aventus NowCast Descent Winds service, with a contract value between 4.4 MSEK and 9.3 MSEK, dependent on nr. of flights.
AVTECH Sweden AB has extended the current Aventus NowCast Descent service agreement with Southwest Airlines until the end of June 2021. The pricing model has been changed from a fixed price to a per-flight model in support of the airline’s recovery from covid-19 induced reductions to flight schedules. The expected contract value is between 4.4…
As a result of the revision of the 2019 financial statements previously published results need to be adjusted downwards by SEK 394,356. This is caused by reduced claims in a climb optimization development project. In accordance with a recommendation from our auditors, the receivables are now fully written off in the 2019 financial statements. For…
AVTECH provides a business update regarding COVID-19
AVTECH's management hereby wishes to provide the following update due to the ongoing global coronavirus (COVID-19) outbreak. The 2020 fiscal year was expected to be a positive year for AVTECH with several new customers as well as expanded collaboration with existing customers. This picture has now changed drastically with the global spread of the corona…
AVTECH informs that the contract process for an Aventus Full-flight winds service agreement, valued at approximately SEK 1 to 2 million, has been paused
AVTECH Sweden AB informs that the signature process for an Aventus NowCast Full-flight Wind Uplink service agreement with a European charter airline group has been paused until further notice due to the present COVID-19 situation. Under this agreement AVTECH will be providing highly accurate and tailored weather uplinks to the UK, Belgian, Dutch and Swedish…
AVTECH Sweden AB (publ) INTERIM REPORT January - December 2019
· AVTECH Group's sales for the fourth quarter of 2019 amounted to MSEK 3.8 (3.4). · Operating profit before depreciation for the fourth quarter of 2019 was MSEK +0.5 (+0.7). · Net profit for the fourth quarter of 2019 amounted to MSEK -0.3 (+0.1) or SEK -0.005 (+0.002) per share and for the twelve-month period…
AVTECH communicates a business update concerning EUROWINGS
The Board of AVTECH Sweden AB (publ) communicates the following business update: EUROWINGS test period has resulted in a commercial contract covering Aventus Full Flight wind uplinks. The contract period is initially two years with commencement date 1:st December 2019. EUROWINGS will be the second airline within the Lufthansa Group joining the already existing framework…
AVTECH Sweden AB (publ) INTERIM REPORT January - September 2019
· AVTECH Group's sales for the third quarter of 2019 amounted to MSEK 4.0 (3.1). · Operating profit before depreciation for the third quarter of 2019 was MSEK +1.5 (+1.0) · Net profit for the third quarter of 2019 amounted to MSEK +0.6 (-0.2) or SEK 0.02 (0.01) per share and for the nine-month period…
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces that the selection process for a new CEO has been completed. Mr David Rytter will be the new CEO of AVTECH Sweden AB and he will commence his assignment no later than 1…
AVTECH Sweden AB (publ) INTERIM REPORT January - June 2019
· AVTECH Group's turnover for the second quarter of 2019 amounted to MSEK 4.0 (3.3). · Operating profit before depreciation for the second quarter of 2019 was SEK +1.4 (+0.2). · Net result for the second quarter of 2019 was SEK +0.5 (-0.9) or SEK 0.09 (0.03) per share. · Cash flow from operating activities…
AVTECH announces plans for test of Aventus NowCast™
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces that a Letter of Intent has been agreed between the company and an undisclosed medium sized European airline to implement Aventus NowCast. The service provides pilots with advanced weather data with the aim…
AVTECH draws attention to an informative article about Aventus in Norwegian media.
Norwegian airline has been a customer of AVTECH since December 2018. AVTECH adapts its services to each aircraft model (B737NG, B737MAX and B787) in the Norwegian fleet. Advanced and customized weather data from AVTECH's unique weather service Aventus is sent to each individual flight, which saves fuel and reduces CO2 emissions. Norwegian recently conducted a…
AVTECH Sweden AB communicates an extension of the current agreement with Southwest Airlines.
The Board of Directors of AVTECH Sweden AB (publ) (“AVTECH or “The Company”) announces the following business update: The current 5-year agreement with Southwest airlines has been extended with one year. Other conditions in the contract remains unchanged. During the spring and summer 2019, negotiations have been initiated between the companies with the purpose to…
The Board of AVTECH Sweden AB (publ) communicates the following business update: The initial 2 quarters of 2019 has involved intensified marketing and development activities. AVTECH has visited several trade shows, airlines and conventions but has also had an active period of more conventional marketing activities. The last 18 months has involved similar type of…
AVTECH Sweden AB (publ) INTERIM REPORT January - March 2019
· AVTECH Group's turnover for the first quarter of 2019 amounted to MSEK 4.1 (2.8). · Operating profit before depreciation for the first quarter of 2019 was MSEK +0.9 (+0.3). · The net result for the first quarter of 2019 amounted to MSEK +0.1 (-0.9) or SEK 0.04 (0.04) per share. · Cash flow…
AVTECH announces that the Swedish Energy Agency supports further development of Aventus
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH announces that the Swedish Energy Agency has granted funding for further development work of AVTECH’s Aventus system. Norwegian Airshuttle A/S (“Norwegian”) will take an active part in the planned project. This new project aims at reducing…
· The turnover of the AVTECH Group for the fourth quarter of 2018 amounted to MSEK 4.2 (4.1). Turnover for the twelve-month period amounted to 16.0 (14.1). · Operating profit before depreciation for the fourth quarter of 2018 was MSEK +0.7 (+0.3) and for the 12-month period + 2.2 (+1.4) · The net result for…
AVTECH announces a signed agreement with Norwegian Air Shuttle
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces that the Letter of Intent signed with Norwegian Airshuttle A/S (“Norwegian”) regarding AVTECH’s wind uplink service Aventus, has resulted in a commercial contract which is valid from November 01, 2018. As previously announced,…
AVTECH Sweden AB (publ) INTERIM REPORT January – September 2018
· AVTECH Group's turnover for the third quarter of 2018 amounted to MSEK 3,1 (2,7). · Operating profit before depreciation for the third quarter of 2018 was MSEK 1,0 (0,5) and for the nine-month period MSEK 1,5 (1,0). Net profit for the third quarter of 2018 amounted to MSEK -0,2 (-0,8) and for the nine-month…
The Board in AVTECH Sweden AB (publ) communicates the following businessuppdate: THE BOARD OF AVTECH SWEDEN AB (PUBL) HAS AFTER ONE YEAR OF COOPERATION WITH TWO CUSTOMERS DECIDED TO INCREASE THE PACE OF THE DEVELOPMENT WORK OF THE AVENTUS FAMILY.
AVTECH and Norwegian Airshuttle A/S announces plans for expanded cooperation to reduce fuel consumption
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces signing a Letter of Intent with Norwegian Airshuttle A/S (“Norwegian”) to implement Aventus AIR and Aventus NowCast. The services provide the pilots with advanced weather data with the aim to further reduce fuel…
AVTECH Sweden AB (publ) INTERIM REPORT January - June 2018
· AVTECH Group's turnover for the second quarter of 2018 amounted to MSEK 3.3 (2.4). · Operating profit before depreciation for the second quarter of 2018 was MSEK 0.2 (-1.1) and for the six-month period MSEK 0.4 (0.5). Net profit for the second quarter of 2018 amounted to MSEK -0.9 (-1.1) and for the six-month…
AVTECH Sweden AB and the Met Office (UK) signs 3-year contract for unique 10KM Resolution Weather
AVTECH Sweden AB (“AVTECH”) and the Met Office, UK’s National weather service (The Met Office”), today announces a defined 3-year cooperation between the companies, where the Met Office will supply AVTECH with weather data from its unique 10KM Resolution Model for Aviation weather.
ADVANCED WEATHER APP HELPS AIRLINES AVOID SEVERE WEATHER, SAVE COST AND IMPROVE EFFICIENCY
AVTECH SWEDEN AB (publ), Stockholm, June 26th 2018 – AVTECH Sweden AB recently released Aventus SIGMA tablet APP v 1.0. The Aventus SIGMA service is receiving curated weather from Met Office (UK), which predicts turbulence with a very precise accuracy. Met Office model looks at every 10km, all around the globe (compared to standard within…
AVTECH Sweden AB (publ) INTERIM REPORT January - March 2018
· The AVTECH Group's net sales for the first quarter of 2018 amounted to MSEK 2.8 (2.2). · Operating profit before depreciation for the first quarter of 2018 was MSEK 0.3 (0.2). Net profit for the first quarter of 2018 amounted to MSEK -0.9 (-1.3) or SEK -0.04 (-0.02) per share. · Cash flow from…
AVTECH announces conclusion of project in part financed by the Swedish Energy Agency
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces conclusion of the project in part financed by the Swedish Energy Agency. As announced earlier, AVTECH has performed a project, in part financed by the Swedish Energy Agency, dedicated to test its Aventus…
AVTECH Sweden AB (publ) YEAR END REPORT JANUARY - DECEMBER 2017
· AVTECH-group turnover for the fourth quarter 2017 amounted to MSEK 4.1 (3.2). Turnover for the twelve-month period amounted to 14.1 (11.5). · Operating profit before depreciation for the fourth quarter 2017 was MSEK +0.3 (-2.7) for the 12-month period + 1.3 (-5.5) · Net result for the fourth quarter 2017 amounted to MSEK -0.3…
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update:
AVTECH Sweden AB starts SIGMA service delivery to BRA - Braathens Regional Airlines BRA - Braathens Regional Airlines, Sweden's largest regional airline operator, has chosen AVTECH, as previously communicated, as partner for its ongoing evaluation of systems that improve information given to pilots on turbulence and other weather phenomena that may affect a flight. AVTECH…
AVTECH announces a new cooperation with Norwegian Air Shuttle
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB initiates a cooperation with Norwegian Air Shuttle with the purpose of reducing their fuel consumption and environmental impact. Norwegian Air Shuttle –the biggest airline in the Nordics- and AVTECH are initiating a cooperation with…
AVTECH announces a commercial cooperation with Lufthansa Cargo AG
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB and Lufthansa Cargo AG agree to proceed with a commercial cooperation with Aventus NowCast™ weather uplink service As previously announced, AVTECH and Lufthansa Cargo, began a cooperation in 2016 with the purpose of evaluating…
Aventus NowCast™ service now deployed across the easyJet fleet
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update: AVTECH and easyJet, one of Europe’s leading airlines, has agreed to proceed with deployment of AVTECH’s Aventus NowCast™ wind uplink service to the full fleet of easyJet, including both Swiss- and UK-based aircraft. The decision follows…
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update: Correctly formated data from the easyJet project has recently been received In accordance with previous commitments, we inform that a complete and readable data set has now been delivered from easyJet. The data collection phase regarding…
AVTECH and easyJet agree on a way forward for Aventus NowCast
AVTECH Sweden AB (publ) ("AVTECH", the "Company") today announces that the technical reasons obstructing the contracted evaluation of Aventus NowCast have been identified and joint efforts from both companies to resolve the situation have been agreed upon. The finalization of the delayed analysis of flight recorder data is expected to be completed in the near…
The Board of AVTECH Sweden AB (publ) ("AVTECH" or "the Company") today announces the following Business Update: Further delays regarding the easyJet project Following the previously communicated data collection phase in regards to AVTECH’s commercial contract with easyJet on Aventus NowCast, the easyJet trial process has experienced further delays during November and December on behalf…
Britt-Marie Lodenius has after three years as CFO of AVTECH Sweden AB (publ) (the “Company”) decided to move on to new challenges and will in December 2020 leave her position in the company. Christina Zetterlund has been recruited and appointed as new CFO for the company. She has extensive experience of finance and accounting work…
AVTECH enters Aventus Full-flight winds service agreement valued at approximately 1 to 2 million SEK
AVTECH Sweden AB has signed an agreement with TUI Airlines covering the Aventus NowCast Full-Flight Wind Uplink service. The two-year service agreement has an expected value of between 1 and 2 million SEK, depending on fleet utilisation. The service has been deployed as part of a trial which started in 2019 and the service start…
Lars Lindberg resigns as board member of AVTECH Sweden AB (publ)
Board member Lars Lindberg has at his own request chosen to resign from the board of AVTECH Sweden AB (publ) (the "Company") due to an increased workload in other assignments. Lars Lindberg has had a role in the company for a long time and the Board thanks him for his solid work efforts. Lars resigns…
Nasdaq Stockholm Disciplinary Board imposes a penalty of 4 annual fees on AVTECH Sweden AB (publ) for deficiencies in the following of information disclosure rules
AVTECH Sweden AB (publ) (the "Company") has been informed of a decision from the Disciplinary Board of Nasdaq Stockholm that the Company is required to pay a penalty of 4 annual fees a' SEK 100,000 for not having published information in accordance with the Regulations on two occasions. The first occasion is the agreement with…
AVTECH announces a one-year contract extension with Southwest Airlines for the Aventus NowCast Descent Winds service, with a contract value between 4.4 MSEK and 9.3 MSEK, dependent on nr. of flights.
AVTECH Sweden AB has extended the current Aventus NowCast Descent service agreement with Southwest Airlines until the end of June 2021. The pricing model has been changed from a fixed price to a per-flight model in support of the airline’s recovery from covid-19 induced reductions to flight schedules. The expected contract value is between 4.4…
As a result of the revision of the 2019 financial statements previously published results need to be adjusted downwards by SEK 394,356. This is caused by reduced claims in a climb optimization development project. In accordance with a recommendation from our auditors, the receivables are now fully written off in the 2019 financial statements. For…
AVTECH provides a business update regarding COVID-19
AVTECH's management hereby wishes to provide the following update due to the ongoing global coronavirus (COVID-19) outbreak. The 2020 fiscal year was expected to be a positive year for AVTECH with several new customers as well as expanded collaboration with existing customers. This picture has now changed drastically with the global spread of the corona…
AVTECH informs that the contract process for an Aventus Full-flight winds service agreement, valued at approximately SEK 1 to 2 million, has been paused
AVTECH Sweden AB informs that the signature process for an Aventus NowCast Full-flight Wind Uplink service agreement with a European charter airline group has been paused until further notice due to the present COVID-19 situation. Under this agreement AVTECH will be providing highly accurate and tailored weather uplinks to the UK, Belgian, Dutch and Swedish…
AVTECH Sweden AB (publ) INTERIM REPORT January - December 2019
· AVTECH Group's sales for the fourth quarter of 2019 amounted to MSEK 3.8 (3.4). · Operating profit before depreciation for the fourth quarter of 2019 was MSEK +0.5 (+0.7). · Net profit for the fourth quarter of 2019 amounted to MSEK -0.3 (+0.1) or SEK -0.005 (+0.002) per share and for the twelve-month period…
AVTECH communicates a business update concerning EUROWINGS
The Board of AVTECH Sweden AB (publ) communicates the following business update: EUROWINGS test period has resulted in a commercial contract covering Aventus Full Flight wind uplinks. The contract period is initially two years with commencement date 1:st December 2019. EUROWINGS will be the second airline within the Lufthansa Group joining the already existing framework…
AVTECH Sweden AB (publ) INTERIM REPORT January - September 2019
· AVTECH Group's sales for the third quarter of 2019 amounted to MSEK 4.0 (3.1). · Operating profit before depreciation for the third quarter of 2019 was MSEK +1.5 (+1.0) · Net profit for the third quarter of 2019 amounted to MSEK +0.6 (-0.2) or SEK 0.02 (0.01) per share and for the nine-month period…
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces that the selection process for a new CEO has been completed. Mr David Rytter will be the new CEO of AVTECH Sweden AB and he will commence his assignment no later than 1…
AVTECH Sweden AB (publ) INTERIM REPORT January - June 2019
· AVTECH Group's turnover for the second quarter of 2019 amounted to MSEK 4.0 (3.3). · Operating profit before depreciation for the second quarter of 2019 was SEK +1.4 (+0.2). · Net result for the second quarter of 2019 was SEK +0.5 (-0.9) or SEK 0.09 (0.03) per share. · Cash flow from operating activities…
AVTECH announces plans for test of Aventus NowCast™
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces that a Letter of Intent has been agreed between the company and an undisclosed medium sized European airline to implement Aventus NowCast. The service provides pilots with advanced weather data with the aim…
AVTECH Sweden AB communicates an extension of the current agreement with Southwest Airlines.
The Board of Directors of AVTECH Sweden AB (publ) (“AVTECH or “The Company”) announces the following business update: The current 5-year agreement with Southwest airlines has been extended with one year. Other conditions in the contract remains unchanged. During the spring and summer 2019, negotiations have been initiated between the companies with the purpose to…
The Board of AVTECH Sweden AB (publ) communicates the following business update: The initial 2 quarters of 2019 has involved intensified marketing and development activities. AVTECH has visited several trade shows, airlines and conventions but has also had an active period of more conventional marketing activities. The last 18 months has involved similar type of…
AVTECH Sweden AB (publ) INTERIM REPORT January - March 2019
· AVTECH Group's turnover for the first quarter of 2019 amounted to MSEK 4.1 (2.8). · Operating profit before depreciation for the first quarter of 2019 was MSEK +0.9 (+0.3). · The net result for the first quarter of 2019 amounted to MSEK +0.1 (-0.9) or SEK 0.04 (0.04) per share. · Cash flow…
AVTECH announces that the Swedish Energy Agency supports further development of Aventus
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH announces that the Swedish Energy Agency has granted funding for further development work of AVTECH’s Aventus system. Norwegian Airshuttle A/S (“Norwegian”) will take an active part in the planned project. This new project aims at reducing…
· The turnover of the AVTECH Group for the fourth quarter of 2018 amounted to MSEK 4.2 (4.1). Turnover for the twelve-month period amounted to 16.0 (14.1). · Operating profit before depreciation for the fourth quarter of 2018 was MSEK +0.7 (+0.3) and for the 12-month period + 2.2 (+1.4) · The net result for…
AVTECH announces a signed agreement with Norwegian Air Shuttle
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces that the Letter of Intent signed with Norwegian Airshuttle A/S (“Norwegian”) regarding AVTECH’s wind uplink service Aventus, has resulted in a commercial contract which is valid from November 01, 2018. As previously announced,…
AVTECH Sweden AB (publ) INTERIM REPORT January – September 2018
· AVTECH Group's turnover for the third quarter of 2018 amounted to MSEK 3,1 (2,7). · Operating profit before depreciation for the third quarter of 2018 was MSEK 1,0 (0,5) and for the nine-month period MSEK 1,5 (1,0). Net profit for the third quarter of 2018 amounted to MSEK -0,2 (-0,8) and for the nine-month…
The Board in AVTECH Sweden AB (publ) communicates the following businessuppdate: THE BOARD OF AVTECH SWEDEN AB (PUBL) HAS AFTER ONE YEAR OF COOPERATION WITH TWO CUSTOMERS DECIDED TO INCREASE THE PACE OF THE DEVELOPMENT WORK OF THE AVENTUS FAMILY.
AVTECH and Norwegian Airshuttle A/S announces plans for expanded cooperation to reduce fuel consumption
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces signing a Letter of Intent with Norwegian Airshuttle A/S (“Norwegian”) to implement Aventus AIR and Aventus NowCast. The services provide the pilots with advanced weather data with the aim to further reduce fuel…
AVTECH Sweden AB (publ) INTERIM REPORT January - June 2018
· AVTECH Group's turnover for the second quarter of 2018 amounted to MSEK 3.3 (2.4). · Operating profit before depreciation for the second quarter of 2018 was MSEK 0.2 (-1.1) and for the six-month period MSEK 0.4 (0.5). Net profit for the second quarter of 2018 amounted to MSEK -0.9 (-1.1) and for the six-month…
AVTECH Sweden AB (publ) INTERIM REPORT January - March 2018
· The AVTECH Group's net sales for the first quarter of 2018 amounted to MSEK 2.8 (2.2). · Operating profit before depreciation for the first quarter of 2018 was MSEK 0.3 (0.2). Net profit for the first quarter of 2018 amounted to MSEK -0.9 (-1.3) or SEK -0.04 (-0.02) per share. · Cash flow from…
AVTECH announces conclusion of project in part financed by the Swedish Energy Agency
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB announces conclusion of the project in part financed by the Swedish Energy Agency. As announced earlier, AVTECH has performed a project, in part financed by the Swedish Energy Agency, dedicated to test its Aventus…
AVTECH Sweden AB (publ) YEAR END REPORT JANUARY - DECEMBER 2017
· AVTECH-group turnover for the fourth quarter 2017 amounted to MSEK 4.1 (3.2). Turnover for the twelve-month period amounted to 14.1 (11.5). · Operating profit before depreciation for the fourth quarter 2017 was MSEK +0.3 (-2.7) for the 12-month period + 1.3 (-5.5) · Net result for the fourth quarter 2017 amounted to MSEK -0.3…
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update:
AVTECH Sweden AB starts SIGMA service delivery to BRA - Braathens Regional Airlines BRA - Braathens Regional Airlines, Sweden's largest regional airline operator, has chosen AVTECH, as previously communicated, as partner for its ongoing evaluation of systems that improve information given to pilots on turbulence and other weather phenomena that may affect a flight. AVTECH…
AVTECH announces a new cooperation with Norwegian Air Shuttle
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB initiates a cooperation with Norwegian Air Shuttle with the purpose of reducing their fuel consumption and environmental impact. Norwegian Air Shuttle –the biggest airline in the Nordics- and AVTECH are initiating a cooperation with…
AVTECH announces a commercial cooperation with Lufthansa Cargo AG
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today makes the following announcement: AVTECH Sweden AB and Lufthansa Cargo AG agree to proceed with a commercial cooperation with Aventus NowCast™ weather uplink service As previously announced, AVTECH and Lufthansa Cargo, began a cooperation in 2016 with the purpose of evaluating…
Aventus NowCast™ service now deployed across the easyJet fleet
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update: AVTECH and easyJet, one of Europe’s leading airlines, has agreed to proceed with deployment of AVTECH’s Aventus NowCast™ wind uplink service to the full fleet of easyJet, including both Swiss- and UK-based aircraft. The decision follows…
The Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update: Correctly formated data from the easyJet project has recently been received In accordance with previous commitments, we inform that a complete and readable data set has now been delivered from easyJet. The data collection phase regarding…
AVTECH and easyJet agree on a way forward for Aventus NowCast
AVTECH Sweden AB (publ) ("AVTECH", the "Company") today announces that the technical reasons obstructing the contracted evaluation of Aventus NowCast have been identified and joint efforts from both companies to resolve the situation have been agreed upon. The finalization of the delayed analysis of flight recorder data is expected to be completed in the near…
The Board of AVTECH Sweden AB (publ) ("AVTECH" or "the Company") today announces the following Business Update: Further delays regarding the easyJet project Following the previously communicated data collection phase in regards to AVTECH’s commercial contract with easyJet on Aventus NowCast, the easyJet trial process has experienced further delays during November and December on behalf…
AVTECH Enters into an Agreement with Icelandair to provide Advanced Data to Cockpit
AVTECH Sweden AB, with processing and sending advanced information in real-time to the cockpit and aircraft systems as one of its core businesses, today announces that it has entered an agreement with Icelandair ehf, to setup and support their advanced ACARS data transmissions during a limited 3-month time period. Icelandair, Iceland’s leading airline, is in…
AVTECH Sweden AB informs that the Etihad RFP process has ended. Etihad decided to contract with another supplier. A new agreement made with Met Office will substantially decrease operating costs.
AVTECH today announces a new partnership agreement with the Met Office (UK) ensuring world leading aviation weather forecasts.
The Met Office has been at the forefront of global weather and climate science for 160 years. ”We combine the latest science with ground breaking advances in technology and local understanding to deliver operational advantage to all sectors of the aviation industry - airlines, airports, air traffic control and management, ground handling, airport construction and…
AVTECH and Lufthansa Cargo enters into an agreement on Aventus NowCast
AVTECH Sweden AB (publ) ("AVTECH", the "Company") today announces that it has entered into an agreement with Lufthansa Cargo AG on implementation of AVTECH's Aventus NowCast Full flight service ("Aventus"). The contract covers a 10 months paid trial for Lufthansa Cargo's global fleet. The Met Office (UK) has been selected as the supplier of weather.…
AVTECH passes a significant milestone of 2 000 000 Aventus NowCast flights exceeding 99,9% delivery robustness
AVTECH Sweden AB (publ) ("AVTECH", "the Company") today announces that the Company recently executed its second millionth Aventus NowCast revenue flight, helping airlines save significant amounts of fuel and in excess of 100 million metrical tonnes of CO2 since large scale roll-out of Aventus in late 2014. The service provision of Aventus NowCast has furthermore…
AVTECH Sweden AB (publ) ("AVTECH" or "the Company") today announces the following management changes: David Rytter, the former Technical Head within the Aventus NowCast Business Area has entered into a newly created position as Chief Technical Officer for all technical areas within AVTECH. Anders Palm, the former Head of the Consultancy Business Area, has left…
The Board of AVTECH Sweden AB (publ) ("AVTECH" and / or "the Company") today announces that the Board of Directors, following discussions initiated by and in full agreement with the company's CEO Christer Staaf, has decided to as of March 1, 2016 change the CEO of Company. Christer Fehrling, since 2007 Board member and one…
AVTECH Sweden AB (“AVTECH” and/or the “Company”) today communicates an update on the ongoing and planned activities within the Company’s Aventus NowCast Business Unit. Commercial update As recently announced AVTECH has entered into a contract with easyJet Airline Company Ltd (“easyJet”) on the Aventus NowCast Full Flight solution, following a competitive Request for Proposal process.…
AVTECH's webinar on ClearPath generates great interest
AVTECH’s Aircraft IT live webinar (https://www.aircraftit.com/webinars/real-time-flight-path-optimizer-solution-demo-and-overview-webinar/?area=ops) on January 28, 2021, focused on the companys ClearPath flight optimization service generated a lot of interest. The webinar was conducted in two separate and well-attended sessions with a total of 158 registered participants from 97 airlines. The webinar was held with the objective of providing participants an overview of…
AVTECH Sweden AB (publ) communicates a business update
Marketing effort and new Marketing Manager With an increasing customer interest in environmentally sound flying and a market situation where airlines can start planning for a restart, now seems the right time for us to significantly increase our market efforts. We see an increased customer interest in our new cruise optimization product, which has already…
AVTECH draws attention to an informative article about Aventus in Norwegian media.
Norwegian airline has been a customer of AVTECH since December 2018. AVTECH adapts its services to each aircraft model (B737NG, B737MAX and B787) in the Norwegian fleet. Advanced and customized weather data from AVTECH's unique weather service Aventus is sent to each individual flight, which saves fuel and reduces CO2 emissions. Norwegian recently conducted a…
AVTECH Sweden AB and the Met Office (UK) signs 3-year contract for unique 10KM Resolution Weather
AVTECH Sweden AB (“AVTECH”) and the Met Office, UK’s National weather service (The Met Office”), today announces a defined 3-year cooperation between the companies, where the Met Office will supply AVTECH with weather data from its unique 10KM Resolution Model for Aviation weather.
ADVANCED WEATHER APP HELPS AIRLINES AVOID SEVERE WEATHER, SAVE COST AND IMPROVE EFFICIENCY
AVTECH SWEDEN AB (publ), Stockholm, June 26th 2018 – AVTECH Sweden AB recently released Aventus SIGMA tablet APP v 1.0. The Aventus SIGMA service is receiving curated weather from Met Office (UK), which predicts turbulence with a very precise accuracy. Met Office model looks at every 10km, all around the globe (compared to standard within…