Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


GroupEAD and Airways NZ sign joint venture contract

GroupEAD and Airways NZ sign joint venture contract

28 March 2014: GroupEAD and Airways New Zealand have taken a further step towards the launch of the first aeronautical information management (AIM) company in the Asia Pacific region, with final agreements being signed in Madrid.

The joint venture, which intends to commence operations on 1 July 2014, will provide next-generation AIM and Airport Data Quality services across the region, enabling aeronautical information of a considerably higher quality and accessibility than is generally available today, and enhancing safety and efficiency of aviation in the region. It will also offer an advanced and integrated procedure design service, including services based on modern Performance Based Navigation (PBN) technology.

Russell Hulstrom, General Manager Airways Global Services, said that the contract signing was an important milestone in the company’s creation.

“Our team have been working closely with our European partners to bring us to this stage, and we are looking forward to the official launch and operational startup of this company in the middle of this year,” he said.

“GroupEAD’s services will be of immense value to industry in this part of the world as we work through the transformation towards System Wide Information Management,” said Mr Hulstrom.

Heinz-Michael Kraft, CEO of GroupEAD, who also signed the contract, explained that aeronautical information management is quickly changing the way the aviation industry operates, with a new focus on the whole information picture rather than the provision of standard products in a pre-flight briefing to the pilot.

He said that the new joint venture offers support to regions, states, airports and airlines needing to improve their data distribution and meet the new ICAO standards.

“The signing of these agreements marks one of the most important steps GroupEAD has ever taken since the company was established more than 10 years ago. With this joint venture a cornerstone is set, to bring GroupEAD products and services closer to the fastest growing geographical area in our market – Asia-Pacific. This will be beneficial for both the AIM community and GroupEAD, while the efficiencies our services bring will provide enormous advantages for pilots and airlines,” said Mr Kraft.

GroupEAD and Airways will jointly attend the CANSO Asia Pacific conference from 5-7 May in Sri Lanka, where the new partners will be available to discuss their aeronautical information management services. Airways is the lead sponsor of the CANSO conference.

-- Ends --

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news