- Star Navigation (SNA) signed a Letter of Intent (LOI) with Aero Contractors Co. of Nigeria to purchase 10 units of the STAR-ISMS (In-Flight Safety Monitoring System)
- The STAR-ISMS extracts big data from all aircraft systems, and through scientific data analytics, machine learning and artificial intelligence technology can produce real-time aircraft health monitoring, incident/accident predictive and preventative measures
- Aero Contractors Company of Nigeria Ltd. is headquartered in Lagos, Nigeria, and operates a combined fleet of three helicopters and 10 fixed-wing aircraft, which range from the 50-seat Dash 8-300 to the 140-seat Boeing 737-400/500
- Star Navigation Systems Group Ltd. (SNA) is unchanged, trading at C$0.03
Star Navigation (SNA) signed a Letter of Intent (LOI) with Aero Contractors Co. of Nigeria to purchase 10 units of the STAR-ISMS (In-Flight Safety Monitoring System).
The deal comes with options for the remainder of their fleet.
The STAR-ISMS extracts big data from all aircraft systems. Through scientific data analytics, machine learning and artificial intelligence technology can produce real-time aircraft health monitoring, incident/accident predictive and preventative measures.
Aero Contractors Nigeria’s CEO, Capt. Ado Sanusi stated that implementing STAR-ISMS would enhance Aero’s Standards of Safety and Reliability standards for its clients and customers. The company’s CFO, Charles Grant, added that STAR-ISMS can provide an immediate return on investment and dramatic airline cost-savings through reduced/preventative aircraft-on-ground events, more accurate analytical fuel consumption analysis and savings and aircraft insurance credits, all the while maintaining the highest level of safe operations to date.
Aero Contractors Company of Nigeria Ltd. is headquartered in Lagos, Nigeria. It operates a combined fleet of three helicopters and 10 fixed-wing aircraft, which range from the 50-seat Dash 8-300 to the 140-seat Boeing 737-400/500.
Star Navigation’s Executive VP, Capt. Jonathan Kordich said it is critical for airlines to modernize their fleets with Aircraft Health Monitoring Systems such as the STAR-ISMS.
The initiative Aero has undertaken will not only provide the highest Safety Standard and Efficiency for the general flying public but will also expand their business horizons by implementing this Advanced Intelligent Technology within their operating fleet.”
Star Navigation Systems Group manufactures the in-flight safety monitoring system STAR-ISMS.
Star Navigation Systems Group Ltd. (SNA) is unchanged, trading at C$0.03.