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 continued to be thoroughly robust, with average up-times of the Aventus system exceeding 99,9%, which well exceeds industry requirements.
“Executing two million Aventus NowCast revenue flights represents a milestone for AVTECH, and we are furthermore pleased to do so with such a high level of robustness in the Aventus system”, says Christer Fehrling, the Chief Executive Officer of AVTECH. “To give a perspective on the volumes that we are currently operating, two million flights represents an average management of roughly one flight every 20 seconds, 24/7 during the last 18 months, while in practice during peak hours, we manage many uplinks every second. While Sales discussions are progressing with a number of airlines, we are currently on track implementing Aventus NowCast for easyJet, the second largest short haul operator in Europe, and as such we continue our mission to increase our operational volumes further and to generate even bigger benefits to the aviation industry”, finishes Christer Fehrling.
For more information, please contact
Christer Fehrling, CEO, +46 (0) 8 544 104 80
Jonas Saric, BU Director Aventus NowCast, +46 (0) 8 544 104 80
About Aventus NowCast
The Aventus NowCast™ system is a unique and patented system that enables accurate wind information and/or 4-Dimensional Trajectories for flights, making use of the very best in atmospheric modeling combined with weather information (AMDAR and/or TAMDAR) to create high resolution wind models and wind data packages for the different segments of a flight; a so called NowCast. Data packages are uplinked to aircraft to enable the onboard Flight Management Systems (FMS) to accurately calculate an optimized flight profile and the actual time when each waypoint of a flight will be reached. The immediate benefits of Aventus NowCast are airline fuel and CO2 savings, i.e. the solution is highly environmentally friendly. Aventus is also imperative for aviation wide Time-based operations, which is an area where the solution provides even larger overall financial and environmental benefits through the provision of increased efficiency and punctuality of individual flights and of the air transport system as a whole.
About AVTECH Sweden AB (publ)
AVTECH develops products and services for digital Air Traffic Management (ATM). Its customers include the global aviation industry; e.g. airlines, airports, aviation authorities, technology companies and airline manufacturers. By using AVTECH’s products and services, each individual flight as well as the entire airline operation can be optimized in terms of cost, noise and emission, efficiency, punctuality and safety. The head office is in Stockholm, Sweden with subsidiaries in Toulouse, France and an associated company in Dubai, U.A.E. AVTECH Sweden AB is listed on NASDAQ OMX First North and has appointed Redeye AB, tel: +46 8 545 013 30, as Certified Adviser.