AVTECH recently gained attention in both Swedish and foreign media in connection with "Met Office Industry Week" together with project partners Met Office and Norwegian Airlines. Focusing on the use of high-resolution weather forecasts, AVTECH's latest product ClearPath was presented and how it already today helps airlines fly more efficient resulting in a directly reduced…
Read moreFinally, the worst of the COVID-19 crisis may be behind us and we are now seeing signs that air traffic development in the future is positive. The conditions, in part thanks to the availability of vaccines, now seem to be good for increased flying over the next six months. AVTECH's revenues have increased slightly in…
Read moreKEY FIGURES AND EVENTS 2021 2020 2020 MSEK Quarter 1 Quarter 4 Quarter 1 Net turnover 2.1 2.1 4.0 Operating profit before depreciation -1.2 -1.1 +0.3 Net profit -2.0 -1.6 +0.0 Net profit per share, SEK -0.035 -0.029 +0.000 Cash flow -4.3 +2.0 -1.0 Cash and cash equivalents 7.8 12.1 12.3 Equity 24.5 26.5 28.5…
Read moreKEY FIGURES AND EVENTS 2020 2020 2019 MSEK Quarter 4 Quarter 3 Quarter 4 Net turnover 2.1 2.7 3.4 Operating profit before depreciation -1.1 -0.2 +0.1 Net profit -1.6 -0.6 -0.7 Net profit per share, SEK -0.029 -0.011 -0.013 Cash flow +2.0 -2.6 +2.8 Cash and cash equivalents 12.1 10.2 13.3 Equity 26.5 28.1 28.9…
Read moreAVTECH’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…
Read moreMarketing 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…
Read moreHolders of unlisted A-shares in AVTECH acquire A-shares from former board member
Read moreAVTECH's Cruise Profile Optimizer saves fuel and lowers CO2 emissions with a guaranteed 1.6% cruise fuel saving.
Read moreKEY FIGURES AND EVENTS 2020 2020 2019 MSEK Quarter 3 Quarter 2 Quarter 3 Net turnover 2.7 3.3 4.0 Operating profit before depreciation -0.2 +0.7 +1.5 Net profit -0.6 +0.3 +0.6 Net profit per share, SEK -0.011 +0.005 +0.011 Cash flow -2.6 +0.5 +0.1 Cash and cash equivalents 10.2 12.8 13.4 Equity 28.1 28.8 29.2…
Read moreBritt-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…
Read moreAVTECH 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…
Read moreBoard 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…
Read moreAVTECH 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…
Read moreKEY FIGURES AND EVENTS 2020 2020 2019 MSEK Quarter 2 Quarter 1 Quarter 2 Net sales 3.3 4.0 3.8 Operating profit before depreciation +0.7 +0.3 +1.4 Net profit +0.3 +0.0 +0.5 Net profit per share, SEK +0.005 +0.000 +0.008 Cash flow +0.5 -1.0 -0.8 Cash and cash equivalents 12.8 12.3 13.3 Equity 28.8 28.5 28.6…
Read moreAVTECH 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…
Read moreKEY FIGURES AND EVENTS MSEK 2020 2019 2019 Q1 Q4 Q1 Net sales 4,0 3,8 4,1 Operating profit before depreciation +0,3 +0,5 +0,9 Net profit 0,0 -0,3 +0,1 Net profit per share, SEK 0,0 -0,005 0,002 Cash flow -1,1 +0,2 -1,0 Cash and cash equivalents 12,3 13,3 14,1 Equity 28,5 28,5 28,2 Equity per share,…
Read moreAs 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…
Read moreAVTECH'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…
Read moreAVTECH 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…
Read more· 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…
Read moreThe Board of AVTECH Sweden AB (publ) communicates the following business update.
Read moreThe 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…
Read moreThe Board of AVTECH Sweden AB (publ) communicates the following business update:
Read more· 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…
Read moreThe 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…
Read more· 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…
Read moreThe 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…
Read moreNorwegian 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…
Read moreThe 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…
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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 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…
Read moreThe 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…
Read more· 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…
Read moreThe 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,…
Read moreBoard members in Avtech Sweden AB (publ) acquires unlisted A-shares from other board member.
Read more· 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…
Read moreThe 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.
Read moreThe 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…
Read more· 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…
Read moreAVTECH 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.
Read moreAVTECH 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…
Read more· 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…
Read moreThe 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…
Read more· 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…
Read moreAVTECH 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…
Read moreThe 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…
Read moreThe 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…
Read moreThe Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update:
Read moreThe 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…
Read moreThe Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update:
Read moreKEY FIGURES AND EVENTS 2021 2020 2020 MSEK Quarter 1 Quarter 4 Quarter 1 Net turnover 2.1 2.1 4.0 Operating profit before depreciation -1.2 -1.1 +0.3 Net profit -2.0 -1.6 +0.0 Net profit per share, SEK -0.035 -0.029 +0.000 Cash flow -4.3 +2.0 -1.0 Cash and cash equivalents 7.8 12.1 12.3 Equity 24.5 26.5 28.5…
Read moreKEY FIGURES AND EVENTS 2020 2020 2019 MSEK Quarter 4 Quarter 3 Quarter 4 Net turnover 2.1 2.7 3.4 Operating profit before depreciation -1.1 -0.2 +0.1 Net profit -1.6 -0.6 -0.7 Net profit per share, SEK -0.029 -0.011 -0.013 Cash flow +2.0 -2.6 +2.8 Cash and cash equivalents 12.1 10.2 13.3 Equity 26.5 28.1 28.9…
Read moreHolders of unlisted A-shares in AVTECH acquire A-shares from former board member
Read moreKEY FIGURES AND EVENTS 2020 2020 2019 MSEK Quarter 3 Quarter 2 Quarter 3 Net turnover 2.7 3.3 4.0 Operating profit before depreciation -0.2 +0.7 +1.5 Net profit -0.6 +0.3 +0.6 Net profit per share, SEK -0.011 +0.005 +0.011 Cash flow -2.6 +0.5 +0.1 Cash and cash equivalents 10.2 12.8 13.4 Equity 28.1 28.8 29.2…
Read moreBritt-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…
Read moreAVTECH 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…
Read moreBoard 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…
Read moreAVTECH 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…
Read moreKEY FIGURES AND EVENTS 2020 2020 2019 MSEK Quarter 2 Quarter 1 Quarter 2 Net sales 3.3 4.0 3.8 Operating profit before depreciation +0.7 +0.3 +1.4 Net profit +0.3 +0.0 +0.5 Net profit per share, SEK +0.005 +0.000 +0.008 Cash flow +0.5 -1.0 -0.8 Cash and cash equivalents 12.8 12.3 13.3 Equity 28.8 28.5 28.6…
Read moreAVTECH 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…
Read moreKEY FIGURES AND EVENTS MSEK 2020 2019 2019 Q1 Q4 Q1 Net sales 4,0 3,8 4,1 Operating profit before depreciation +0,3 +0,5 +0,9 Net profit 0,0 -0,3 +0,1 Net profit per share, SEK 0,0 -0,005 0,002 Cash flow -1,1 +0,2 -1,0 Cash and cash equivalents 12,3 13,3 14,1 Equity 28,5 28,5 28,2 Equity per share,…
Read moreAs 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…
Read moreAVTECH'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…
Read moreAVTECH 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…
Read more· 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…
Read moreThe 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…
Read more· 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…
Read moreThe 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…
Read more· 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…
Read moreThe 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…
Read moreThe 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…
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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 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…
Read moreThe 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…
Read more· 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…
Read moreThe 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,…
Read more· 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…
Read moreThe 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.
Read moreThe 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…
Read more· 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…
Read more· 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…
Read moreThe 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…
Read more· 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…
Read moreAVTECH 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…
Read moreThe 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…
Read moreThe 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…
Read moreThe Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update:
Read moreThe 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…
Read moreThe Board of Directors of AVTECH Sweden AB (publ) ("AVTECH" or "The Company") today communicates the following business update:
Read moreThe 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…
Read moreAVTECH 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…
Read moreThe 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…
Read moreAVTECH 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…
Read moreAVTECH 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.
Read moreThe 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…
Read moreAVTECH 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.…
Read moreOne globally operating airline is in the final negotiating stage to order Aventus NowCast Full Flight.
Read moreAVTECH 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…
Read moreAVTECH 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…
Read moreThe 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…
Read moreAVTECH recently gained attention in both Swedish and foreign media in connection with "Met Office Industry Week" together with project partners Met Office and Norwegian Airlines. Focusing on the use of high-resolution weather forecasts, AVTECH's latest product ClearPath was presented and how it already today helps airlines fly more efficient resulting in a directly reduced…
Read moreFinally, the worst of the COVID-19 crisis may be behind us and we are now seeing signs that air traffic development in the future is positive. The conditions, in part thanks to the availability of vaccines, now seem to be good for increased flying over the next six months. AVTECH's revenues have increased slightly in…
Read moreAVTECH’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…
Read moreMarketing 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…
Read moreAVTECH's Cruise Profile Optimizer saves fuel and lowers CO2 emissions with a guaranteed 1.6% cruise fuel saving.
Read moreThe Board of AVTECH Sweden AB (publ) communicates the following business update.
Read moreThe Board of AVTECH Sweden AB (publ) communicates the following business update:
Read moreNorwegian 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…
Read moreBoard members in Avtech Sweden AB (publ) acquires unlisted A-shares from other board member.
Read moreAVTECH 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.
Read moreAVTECH 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…
Read moreAvtech Sweden AB (publ) ("AVTECH, the "Company") today communicates the following Business Update:
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