Thursday, 18 December 2008

BNN Watchers Learn about AeroMechnical’s Fuel Saving Program

AeroMechanical Services Ltd., (TSX:V-AMA)
Basic Shares: 82.5 million
Fully Diluted: 88 million

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At 11:40am this morning (December 18, 2008), Bill Tempany, CEO of AeroMechanical Services was on BNN TV to talk about AMA’s new Total Fuel Management System (TFMI). As a follower of The Howard Group’s commentary on AeroMechanical, you are aware that this new service was originally announced in October. The story recently caught the attention of BNN TV.

Some facts that came out of the interview include:

· TFMI is a software addition to AMA’s Afirs™ program and “helps airlines manage their business better.”
· It streams real time data to airlines to help them make decisions to take corrective actions, which improves performance and decreases fuel consumption
· Today’s oil prices make it easier for AMA to get in front of airlines, compared to when oil prices were really high
· Mr Tempany acknowledges that TFMI can save airlines up to a million dollars a year per aircraft.

To watch the full BNN interview please click here.....