Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Star Navigation Systems Group (SNA) has signed a partnership agreement with FlightPath International SA Ltd.
  • Star Navigation Systems CEO Amir Bhatti and FlightPath International President & CEO Andrew Lucas sat down with Dave Jackson to discuss the agreement
  • FlightPath International is a training and operational support services provider for the commercial airline industry
  • FlightPath International can now train airline operators, including pilots, engineers and other flight crew members on Star’s flight sciences services and technologies
  • Star will receive a 15 percent commission from all training revenue generated
  • The initial term of the agreement is five years with an option for a five year extension
  • Star Navigation Systems Group is unchanged on the day, trading at $0.035 per share at 2:00 p.m. EST

Star Navigation Systems Group (SNA) has signed a partnership agreement with FlightPath International SA Ltd. 

The agreement allows FlightPath International to train airline operators, including pilots, engineers and other flight crew members on Star’s flight sciences services and technologies.

Star Navigation Systems CEO Amir Bhatti and FlightPath International President & CEO Andrew Lucas sat down with Dave Jackson to discuss the agreement.

The term of the agreement is five years with an option for a second five-year term upon agreement by both parties.

“This is an important step for Star as we launch our new Star A.D.S ® Training Services,” says Amir Bhatti, CEO at Star.

“The FPI Partnership helps us open several new doors to showcase our products as the global airline industry starts to recover from the COVID-19 pandemic. Airlines need our technologies to ensure compliance with ICAO flight tracking requirements by January 2023 and to optimize aircraft performance.

With FPI’s successful track record in Airline training and its global footprint with offices in 8 countries around the world, Star now has the ability to train new and prospective customers in best practices training standards.”

Star’s M.M.I. Division designs and manufactures flight deck flat panel displays for defence and commercial aviation industries worldwide.

Star Navigation Systems Group is unchanged on the day, trading at $0.035 per share at 2:00 p.m. EST.

More From The Market Herald

" @ the Bell: The worst 1st half for stocks in decades

Gains in crude prices pushed futures for Canada’s main stock index higher on Monday although recession fears continued to weigh on sentiment.
The Market Herald Video

" RooGold (CSE:ROO) completes rock chip sampling at its Arthurs Seat Project

RooGold (ROO) has completed a preliminary rock chip sampling program at its Arthurs Seat Project in New South Wales,

" Top 5 Stories of the Week: Empower Clinics (CSE:CBDT), Eat Well Group (CSE:EWG), Tocvan Ventures (CSE:TOC), Mullen Group (TSX:MTL), EasTower Wireless (TSXV:ESTW)

With inflation reaching 7.7 per cent in May, the highest in 40 years, recessionary fears are running rampant.

" Top 5 Stories of the Week: Baroyeca Gold & Silver (TSXV:BGS), Numinus Wellness (NUMI), Eminent Gold Corp. (TSXV:EMNT), Purepoint Uranium (TSXV:PTU), Galan (ASX:GLN)

Across the world, this week has not brought smiles to the faces of investors, as stock markets were heading for their worst weekly