Star Navigation Comments on MH370 Costs
2014年4月9日 - 2:03AM
Marketwired
Star Navigation Comments on MH370 Costs
TORONTO, ONTARIO--(Marketwired - Apr 8, 2014) - Star Navigation
Systems Group Ltd. (TSX-VENTURE:SNA) ("Star" or the "Company"),
like the rest of the World, has followed the search for MH370 with
sadness, concern and regret.
Star's initial comment on this loss came some two weeks after
MH370 disappeared (see Press Release March 21, 2014). At that time,
Star stated that it was unfortunate that the lessons learned from
the investigation of the loss of AF447 had not been acted upon by
the aviation community, and by those tasked with overseeing the
safety of both the travelling public and flight crews.
Over the past weeks, Star has noted that one of the reasons for
lack of action in this area, put forward by some aviation
commentators, is cost to the airlines and slim profit margins in
the industry. Apparently, these commentators feel that the airlines
simply cannot afford to invest in additional equipment and
services.
Star does not believe that these cost arguments are
justified.
As stated in Star's March 21, 2014 press release, the technology
exists today which, had it been installed on MH370, could have
provided not only the precise location of the aircraft during both
the flight and its termination, but also data concerning possible
causes of the loss, if it was accidental in origin. There are
several different systems available which address this issue to
differing degrees. The STAR-A.D.S. ™ System is the first system in
the world to provide real-time, onboard data capture, diagnostics
and analysis while the aircraft is in flight, together with
transmission of required data and location via satellite to the
ground.
The important issue as regards costs is that the STAR-A.D.S.™
System can be demonstrated to pay for itself in less than one year,
through cost savings in fuel management and optimization, reduction
in unplanned maintenance delays, and automation of regulatory
reporting (FOQA and MOQA) as well as crew operational costing (OOOI
times). The system-provided OOOI times calculates accurate flight
hours as compared to "manual recording by crews" and assists in
optimizing intervals of various maintenance checks on the
aircraft.
The cost issue is not relevant. Star again calls for immediate
action with respect to the implementation of the recommendations
contained in the BEA Report on AF447.
About Star
Navigation: (www.star-navigation.com)
Star Navigation Systems Group Ltd. owns the exclusive worldwide
license to its proprietary, patented In-flight Safety Monitoring
System, STAR-ISMS®, the heart of the STAR-A.D.S. ™ System. It is
the first system in the world to feature in-flight data-analysis,
monitoring and diagnostics with a real-time connection between
aircraft and ground. Its real-time capability of tracking
performance trends and predicting incident-occurrence enhances
aviation safety and improves fleet management while reducing costs
for the operator.
Certain statements contained in this News Release may constitute
forward-looking statements. When used in this document, the words
"may" "would", "could", "will" and similar expressions, as they
relate to Star or its management are intended to identify
forward-looking statements. Such statements reflect Star's current
views with respect to future events and are subject to certain
risks, uncertainties and assumptions. Many factors could cause
Star's actual performance or achievements to vary from those
described herein. Should one or more of these factors or
uncertainties materialize, or should assumptions underlying
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the content of this release.
Star Navigation Systems Group Ltd.Viraf KapadiaCEO(416) 252-2889
Ext.
230viraf.kapadia@star-navigation.comwww.star-navigation.comInvestor
Relations:Frontier Merchant Capital Groupinfo@frontiermcg.comPublic
Relations & Media interviews:Nelson HudesHudes Communications
International(905) 660-9155nelson@hudescommunications.com
Star Navigation Systems Group (TSXV:SNA)
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