STAMFORD, Conn., April 5, 2016 /PRNewswire/ PASSUR Aerospace, Inc. (OTC: PSSR), an aviation business intelligence, big data, and software solutions company, announced that Austin-Bergstrom International Airport, in Austin, Texas, has contracted for PASSUR's Landing Fee Management program. The program creates complete, accurate, and transparent reporting and billing of aviation usage fees to ensure all operators are paying only their fair share, all billable weight is being captured, and unit landing fees are kept at their lowest possible level.
36 airports manage $1+ billion in annual landing fees on the PASSUR platform, currently covering 32% of domestic mainline and regional carrier landings. The benefits of PASSUR's program include:
About PASSUR Aerospace, Inc.
PASSUR Aerospace is a leading business intelligence company, providing predictive analytics and decision support technology for the aviation industry, primarily to improve the operational performance and cash flow of airlines and the airports where they operate. PASSUR Aerospace's information solutions are used by the largest five North American airlines, over 60 airport customers (including 22 of the top 30 North American airports), more than 200 corporate aviation customers, and the US government. PASSUR Aerospace owns and operates the largest commercial passive radar network in the world that provides aircraft position updates every 1 to 4.6 seconds, powering a proprietary database that is accessible in real time and delivers timely and accurate information and solutions via PASSUR's industry-leading algorithms and business logic included in its products. Visit PASSUR Aerospace's website at www.passur.comfor updated products, solutions, and news.
Contact:
Ron Dunsky
SVP Marketing and Business Development
(203) 622-4086, Email
The forward-looking statements in this press release, including statements relating to management's expectations and beliefs, are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including risks and uncertainties related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of PASSUR Aerospace's owned PASSURs located at major airports, PASSUR Aerospace's maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect PASSUR Aerospace's results are contained in PASSUR Aerospace's SEC filings, including the October 31, 2015 Form 10-K and January 31, 2016 Form 10-Q. PASSUR Aerospace undertakes no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available, or other events occur in the future.
SOURCE PASSUR Aerospace
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