TORONTO, Ontario, 28 Nov. 2013. Almasria Universal Airlines of Egypt has placed a firm purchase order with Star Navigation Systems Group Ltd. for the installation and activation of the STAR-A.D.S. system on two of its aircraft, an Airbus A-320 and an Airbus A-321.
When properly utilized, STAR-A.D.S. can help Almasria save approximately three to five percent of its fuel budget. Based on each aircraft flying 2,500 hours per year, the aircraft would consume approximately $17 million worth of fuel a year. Star's portion of the savings could be between $255,000 and $425,000 per year based on the profit-share arrangement. Over the five-year term of the contract, the compensation could be between $1,275,000 and $2,125,000.
Installation should commence upon receipt of the required Supplementary Type Certificates (STCs), expected to take approximately 60 days from receipt of specific aircraft documentation. Star personnel have been dispatched to Egypt and commenced work on the STC program.
The value of an outright purchase for the two aircraft, based on list prices, together with estimated airtime, licensing, and "alerts" charges over the five-year term of the contract is approximately $570,000, depending upon usage.
Viraf Kapadia, Star CEO said,
Almasria Universal Airlines was established as a charter airline in Egypt in 2008, and operates mainly between Egypt and Europe.
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground, officials say. 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, says a spokesperson.
The STAR-A.D.S. service, based upon Star's patented STAR-ISMS technology, offers airline operators real-time access to specific, targeted, analyzed performance data from the aircraft, while in flight. It can detect issues as they happen, allowing flight operations to either schedule appropriate maintenance or to take other more immediate action. Amongst other benefits, it facilitates effective fuel management and simplifies FOQA, MOQA, and ECM reporting, as well as OOOI time recording.
