- Star Navigation Systems Group Ltd. (SNA) has signed a letter of intent (LOI) with Fly540 Kenya to sell three units of STAR-ISMS
- Star Navigation designs and manufactures flight deck flat panel displays for the defence and commercial aviation industries
- STAR-ISMS is meant to serve as an in-flight safety monitoring system, a part of the STAR-A.D.S. System
- Fly540 is an East African low-cost airline which continues to increase its business
- Star Navigation Systems Group Ltd. (SNA) is unchanged trading at $0.02 per share as of 3:08 p.m. ET
Star Navigation Systems Group (SNA) has signed a letter of intent (LOI) with Fly540 Kenya to sell three units of STAR-ISMS for some of its airline fleet.
Star Navigation designs and manufactures high-performance, mission-critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.
STAR-ISMS is meant to serve as an in-flight safety monitoring system, a part of the STAR-A.D.S.® System.
The company stated this system is capable of tracking performance trends and predicting incidents which it hopes will enhance aviation safety and improve fleet management at an affordable rate.
“We are keen on installing the STAR-ISMS® system and look forward to utilizing the product to improve our safety, efficiency and profitability,” Don Smith, CEO of Fly540, said.
Fly540 is an East African low-cost airline with flights year-round within Kenya and Zanzibar in Tanzania. Its destination network has increased with more domestic routes and extra airplanes added to its existing fleet.
“We are excited to have this opportunity to work with Fly540 on their Dash-8 aircraft and with it a new addition to our STC pool… providing them with the solutions to improve their flight safety and bring optimization to their operations,” Amir Bhatti, CEO of Star Navigation, said.
Star Navigation Systems Group Ltd. (SNA) is unchanged on the day, trading at $0.02 per share as of 3:08 p.m. ET.