Brampton, Ontario--(Newsfile Corp. - June 7, 2022) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce the signing of a Letter of Intent ("LOI") with Astral Aviation ("Astral") of Kenya to purchase seven (7) units of the STAR-ISMS® for its fleet of cargo aircraft.
Astral is a member of Africa Airlines ("AFRAA"), The International Air Cargo Association ("TIACA") and Kenya National Chamber of Commerce & Industry ("KNCCI").
Astral is a licensed cargo airline that has been flying in Africa for 22 years. It provides reliable and cost-effective air-freight solutions using a combination of schedule and charter flights within its Intra-African, Middle East, Asian and European Network.
Astral operates a fleet of F27, DC9F, B727-200F, B757F, B767-200Fand B747-400F aircraft within its geographic area which is comprised of 50 destinations. It operates a combination of scheduled and ad-hoc charters along with value-added leasing services and has agreements with over 30 Interline Partners along with preferential agreements with the leading global and local freight forwarders. It also has partnerships with over 25 global GSA's, facilitate the consolidation of cargoes at the freighter-friendly Jomo Kenyatta International Airport (Kenya), Johannesburg (South Africa), Dubai (UAE) and Liege Airport (Belgium).
Mr. Amir Bhatti, Chief Executive Officer of Star said: "This LOI with Astral gives Star a wide variety of planes to install our Star A.D.S ®. We are excited to have this opportunity to work with Astral and providing them a solution to improve safety and optimize their aircraft operations."
About Star Navigation Systems - www.star-navigation.com
Star Navigation Systems Group Ltd. manufactures the In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.® System. The STAR-A.D.S.® System has real-time capability of tracking, performance trends and predicting incident-occurrences which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.
About Astral Aviation - www.astral-aviation.com
Astral Aviation is a cargo airline based in Nairobi, Kenya. It was established in November 2000 and started operations in January 2001. It operates scheduled and non-scheduled ad-hoc cargo charters to regional destinations in Africa and to Liege in Belgium.
Forward Looking Information
Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that Star expects or anticipates may occur in the future. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements.
Forward-looking statements reflect the current expectations and beliefs of Star's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of Star or the industry may be materially different from those implied by such forward-looking statements.
Examples of such forward-looking information that may be contained in this news release include statements regarding; growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues.
Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.
The risks posed by the COVID-19 pandemic to the airline industry are real and substantial but cannot be defined or measured in any meaningful way at this time.
Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Accordingly, readers should exercise caution in relying upon forward-looking statements and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Please visit www.star-navigation.com or contact
Mr. Amir Bhatti, CEO at 1-416-252-2889 #230
amir.bhatti@star-navigation.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126755
