STAMFORD, Conn., June 28 /PRNewswire-FirstCall/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced today that Nashville International Airport has contracted for the PASSUR(R) 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.
"Nashville joins a growing group of airports that is committed to fully automating, standardizing and centralizing airfield revenue management," said Jim Barry, President and CEO of PASSUR Aerospace. "This is an essential move if airports are to partner effectively with their carriers to ensure transparency and cost containment."
The PASSUR Landing Fee Management Program
Airports today are expected to capture all revenues from all flights; assure their airline partners that fees are levied fairly, transparently, and efficiently; and explore new avenues of activity-based revenue. The legacy system of airline self-reporting has become a complex, time-consuming and inefficient process. The PASSUR Landing Fee Management Program and Airport Management Business Intelligence Reports puts airports in control of these critical revenue streams by giving them and their airline partners the independent, standardized and accurate information tools they need to ensure complete revenue capture, quicker revenue recognition and payment, and effective forecasting and analysis. The program also includes the option for a rich aviation operation statistics data feed into Airport Operational Database (AODB) systems, and other related reports such as Remain Overnight and gate utilization.
The PASSUR Landing Fee Management System enables airlines to standardize and automate the landing fee process across all airports to ensure accuracy, transparency and cost efficiencies. Working in concert with airlines at more than 30 airports, this system has helped ensure that airlines are not subsidizing airfield operations beyond their actual use, resulting in millions of dollars in annual savings.
About PASSUR Aerospace, Inc.
PASSUR Aerospace, Inc. is a business intelligence company which provides its customers predictive analytics built on proprietary algorithms and on the concurrent integration and simultaneous mining of multiple databases. We believe we provide the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. PASSUR serves most major airlines (including 6 of the top 7 North American airlines, as well as the top five hub airlines), over 50 airport customers (including 10 of the top 15 North American airports), and more than 200 corporate aviation customers. PASSUR's system is driven by its proprietary, patented, business intelligence software which is powered by a unique North American network of 140 passive radars, company owned, including one located at each of the top 35 U.S. airports. Other PASSURs are located in Europe and Asia. Flight tracks are updated every 4.6 seconds, thereby providing a system which is user-friendly and useful for decision making.
Visit PASSUR Aerospace's website at http://www.passur.com for updated products, solutions, and PASSUR news.
The forward-looking statements in this news release 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 those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's owned PASSURs located at major airports, the Company's maintenance of above-average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company's results is contained in the Company's SEC filings, including the October 31, 2009 Form 10-K and April 30, 2010 Form 10-Q.
SOURCE PASSUR Aerospace, Inc.