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British Airways signs three year contract renewal for Aerad Aeronautical Charts.
Waterloo, ON November 15, 2006:
Navtech, Inc. (OTCBB: NAVH), a leading international provider of flight operations software and services, today announced a major contract renewal between British Airways and one of its subsidiaries, European Aeronautical Group UK.
British Airways has signed a three-year contract extension for the provision of Aerad Aeronautical Charts. The services are to include international Aerodrome and Enroute charts, which contain essential procedures, navigational information and layout diagrams for international airports and flight paths. Navtech provides charting services to over 80 airlines, and all are available as paper-based or electronic products.
“We are happy to continue our relationship with European Aeronautical Group. This agreement provides our business with continuity during a period of significant business change and our transition into Heathrow’s Terminal 5”, said Paul Tate, Flight Technical Services Manager at British Airways.
“We are very pleased with British Airways’ continued commitment to our charting services”, said David Strucke, Navtech’s President and CEO. “British Airways is a highly respected airline, and we are delighted to continue our relationship”.
“British Airways’ extension of our charting services is greatly appreciated”, commented Iain Millan, Navtech’s Director of Aerad charting services. “Our products have served the aviation industry for over 50 years, and our electronic versions are well positioned for the changes occurring in the modern aviation industry.”
About British Airways
British Airways is one of the world’s largest airlines carrying over 35 million passengers worldwide. British Airways’ fleet includes over 280 aircraft, flying to over 550 international destinations.
About Navtech
Navtech creates and supports superior flight operations software and services for airlines. Navtech's products provide airlines with a competitive edge by facilitating significant cost savings in fuel consumption and crew planning, two areas that represent a majority of an airline's variable operating expenditures. With more than 250 airline customers around the world, Navtech's products directly support millions of flights around the globe each year. Navtech’s product portfolio includes aeronautical charts, navigation data, flight planning, crew planning, runway analysis, and weight & balance systems. Navtech has more than 250 employees with offices in the United States, Canada, Sweden, the United Kingdom and Singapore. For more information, please go to www.navtechinc.com.
FORWARD-LOOKING STATEMENTS
This release may include forward-looking statements concerning the Company's intent, belief or current expectations with respect to, among other things, trends affecting its financial condition or results of operations and its business and growth strategies. Such forward-looking statements are based upon assumptions that may not be correct, are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those projected, expressed or implied. The Company does not undertake any obligation to update or revise any forward-looking statements. All forward-looking statements are subject to the risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission, including those set forth under "Other Considerations" in the "Management's Discussion and Analysis or Plan of Operation" section of the Company's Annual Report on Form 10-KSB for the year ended October 31, 2005.
For further information please contact:
Navtech, Inc.
Gordon Kilpatrick
Chief Financial Officer
Tel: +1 519 747 1170 x288
Fax: +1 519 747 5282
gkilpatrick@navtechinc.com
www.navtechinc.com
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