Tuesday, 30 March 2010

AeroMechanical Builds Nigerian Flight Operations Centre

AeroMechanical Services Ltd.
(TSX:V-AMA)
Basic Shares: 103.1 million
Fully Diluted: 117.6 million
Management, Directors, and Officers > 7.1%

*******************************












Today’s announcement that AeroMechanical (AMA) will create a cutting edge aircraft operations control centre in Nigeria’s most densely-populated city – Lagos - is one of the most eye-catching contracts AMA has ever signed.

It’s a first of its kind for the Calgary-based aeronautics company and it could lead to more like it both within Nigeria and in other West African countries, which are watching Nigeria’s aviation moves.

To hear more about the contract, please click below to listen to a short interview with AeroMechanical Chairman and CEO, Bill Tempany.


There is another gem in the contract that was signed with the Nigerian Civil Aviation Authority (NCAA), which will serve as an introduction of AMA to airline companies flying in Nigeria:
The NCAA will be asking owners of the roughly 300 civilian-registered aircraft there to install equipment –like that offered by AMA – so that the operations centre can track and identify the aircraft.

AMA currently has a large Nigerian-registered airline as a customer using its technology and several of the 300 already have other tracking systems, which AMA will be integrating with.

With 150 million people, Nigeria is one of the most populated of African countries.
Air traffic is surging there.

With a 2009 capacity of 3.2 million barrels of oil per day, Nigeria is also that continent’s largest oil producer. In fact, Nigeria is the world’s eighth largest exporter of crude oil and sends 42% of its exports to the United States.

So it’s got the oil income to fund a technological leap forward in the aviation sector. It also has the will for it is well-known that Nigeria is driving to be an aviation hub for international travelers who will use Lagos and other large Nigerian airports as a stopover to connect to other flights in that hemisphere.

This operational control centre in a country that has limited radar-coverage, will give it the capability to track all civilian aircraft registered in Nigeria anywhere within its borders and beyond to the rest of the world.

To read the news release, please click here..............