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"A transparent, accurate and automated landing fee process benefits the airport, its airline partners, and other users of the facility," said Ben Siegel, deputy executive director administration for Southwest Florida International Airport. "We selected PASSUR's landing fee management program because of its widespread adoption by the industry, its reputation for accuracy, and because it will pay for itself."
"Airlines and airports today need to be assured that critical business processes are managed as efficiently and cost effectively as possible," said Jim Barry, President and CEO of PASSUR Aerospace. "Our landing fee management program reflects a convergence of interests between airlines and airports across the industry around this critical financial process."
The PASSUR Landing Fee Management System
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 Over Night 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 25 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 Southwest Florida International Airport
Southwest Florida International Airport served more than 7.6 million passengers in 2008 and is one of the top 50 U.S. airports for passenger traffic. No ad valorem (property) taxes are used for airport operation or construction. For more information, log onto http://www.flylcpa.com.
About PASSUR Aerospace, Inc.
PASSUR Aerospace owns and operates a unique database of flight information with proprietary decision-making software, primarily powered by a growing international network of passive radars (PASSURs) located at more than 100 airports world-wide, including all of the top 35 U.S. airports -- from which it provides PASSUR information, analytics, and decision support tools to improve the financial condition and operational efficiency of aviation organizations. PASSUR Aerospace offers unique user-friendly information as well as decision support algorithms which provide innovative commercial air traffic solutions to more than 50 airports, including customers at 8 of the top 10 U.S. airports; to dozens of airlines, including 7 of the top 10 U.S. airlines; and to more than 200 corporate aviation customers, as well as to the U.S. Government. In addition, the company has created and implemented collaborative web-based software that allows the company's customers to instantly share information to improve individual and joint decision-making, creating additional value for those customers.
Visit PASSUR Aerospace's web site at http://www.passur.com for updated products, solutions, and 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, 2008 Form 10K and April 30, 2009 Form 10Q.
Contact:
Ron Dunsky
(203) 622-4086
rondunsky@passur.com
SOURCE PASSUR Aerospace, Inc.
http://www.passur.com
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