AeroMechanical Services Ltd. (TSX:V-AMA)Basic Shares: 103.6 million
Fully Diluted: 115.4 million
******************************
The monitoring service – Automated Flight Information Reporting System (afirs™) and supporting infrastructure, UpTime™ – can help ensure operational readiness by recognizing and transmitting relevant engine and aircraft data that, if left undetected or unaddressed, might otherwise result in an unscheduled maintenance event and impact aircraft availability and dispatch reliability. In addition, Hawker Beechcraft is equipping its demonstrator aircraft with the system to allow the company to educate customers on system utilization.
We have been told by an attendee at the NBAA who sat in on the Hawker press conference that one of the company representatives in responding to a journalist's question said that afirs would be "standard fit" starting in 2011.
To read Hawker's news release click here.
There is no publicly available information at this time on Hawker or AMA's financial expectations from this relationship.
What is clear is that AMA has a growing chorus of supporters because of the advantages of its technology.
To learn more about Hawker Beechcraft click here.