Applied Technology: Passur Wins Airport Contract
July 7, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Passur Aerospace, Inc. (OTCBB: PSSR) said that Nashville International Airport has contracted for the Passur landing fee management solution to ensure that the airport captures all its landing fee revenue, that all users are paying only their appropriate share, and the process is simplified through automation.
The Passur landing fee management program is designed to enable airlines to standardize and automate the landing fee process across various airports to ensure accuracy, transparency and cost efficiencies.
Working in concert with airlines at more than 30 airports, the system is meant to ensure that airlines are not subsidizing airfield operations beyond their actual use, resulting in annual savings.
Jim Barry, president and CEO of Passur Aerospace, said, "This is an essential move if airports are to partner effectively with their carriers to ensure transparency and cost containment."
Connecticut-based Passur Aerospace is a business intelligence company that provides its customers predictive analytics built on proprietary algorithms and on the concurrent integration and simultaneous mining of multiple databases.
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