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...

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...

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...

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...

KEY FIGURES AND EVENTS A few fixed-price agreements have contributed to a smaller-than-expected decrease in net sales for the quarter. EVENTS AFTER THE PERIOD The development of proFLIGHT continues with some delays due to the reduced pace. The launch of a payment solution is planned for the third quarter...

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...

KEY FIGURES AND EVENTS Sales for the quarter developed less than expected as the contract process with a European charter company was paused due to COVID-19. EVENTS AFTER THE PERIOD proFLIGHT is now used by over 1380 pilots from more than 170 different airlines. At a reduced speed, the work now continues...

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...

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...

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...