- Star Navigation Systems Group (SNA) has signed a sales agreement with Astral Aviation of Kenya
- Astral Aviation has purchased seven STAR-ISMS (In-Flight Safety Monitoring System), with an option of a further 3 aircraft within the next 12 months
- Astral is a licensed cargo airline that operates a fleet of a variety of aircraft in Africa, the Middle East, Asia and Europe
- Star Navigation Systems provides aerospace hardware and software to operators across the globe
- Star Navigation Systems Group Ltd. (SNA) is up 20 per cent on the day, trading at $0.03 per share as of 10:30 a.m. ET
Star Navigation Systems Group (SNA) has signed a sales agreement with Astral Aviation of Kenya.
Astral Aviation is outfitting seven cargo planes with the STAR-ISMS (In-Flight Safety Monitoring System), with an option of a further 3 aircraft within the next 12 months. The total value of the contract is US$1.2M over the 5-year term.
Star will receive a deposit totalling $40,000 USD on the order over the next four months.
Astral is a licensed cargo airline that operates a fleet of a variety of aircraft in Africa, the Middle East, Asia and Europe.
Mr. Amir Bhatti, Chief Executive Officer of Star commented on the news.
“This Astral Aviation sale is a testament of consistent marketing and sales efforts from the Star sales team. The Star Engineering team is already in Nairobi inspecting the Astral Aviation aircraft. Star has initiated work towards obtaining Supplemental Type Certificates (“STC”) for the B767, B757, B727 and DC9 aircraft with Astral Engineering and Flight Operations. These efforts will increase the STC base of Star for future sales of these types to other airlines. We are excited to have this opportunity to work with the Astral Team and providing them with a solution to improve safety and optimize their aircraft operations with enhanced situational awareness.”
Mr. Mike Mutahi, Chief Operating Officer of Astral Aviation remarked,
“Integrating our flight operations with the Star system will provide Astral operations new dimensions in optimizing our efforts in sustainable growth. From flight safety to engineering and maintenance to flight operations and dispatch, the Star system has the ability to provide deep and meaningful business intelligence through flight data analytics. This will help us in the long term to further optimize our operations and provide opportunities on a real time basis. This information and analysis is considered essential and crucial for all integrated operations.”
Star Navigation Systems provides aerospace hardware and software to operators across the globe.
Star Navigation Systems Group Ltd. (SNA) is up 20 per cent on the day, trading at $0.03 per share as of 10:30 a.m. ET.
