Published: February 22, 2008
Little Rock National Airport Contracts for PASSUR(R) Landing Fee Management and Operations Control Solutions
GREENWICH, Conn., Feb. 22 /PRNewswire-FirstCall/ -- Megadata Corporation
(OTC Bulletin Board: MDTA) announced today thatLittle Rock National Airport
(LIT) has purchased subscriptions to the audit module of the PASSUR Landing
Fee Management Program, as well as to PASSUR Portal(TM) to support live
operations control. These PASSUR solutions help airports maximize revenue
through strengthened control over landing fees, and achieve cost savings and
superior operational performance through the most accurate operational status,
and instant communications and coordination.
"PASSUR is about putting airports in the driver's seat," said Ronald F.
Mathieu, Interim Executive Director,Little Rock National Airport. "It will
give us an unprecedented level of precision and control over our landing fee
program, while ensuring the highest level of fairness and transparency for our
carriers. The PASSUR program also contributes to our mandate for operational
excellence and customer care, through the most accurate real time flight
status and operational metrics."
"Airports need independent control over their own financial and
operational information -- it's how they control their destiny," said Jim
Barry, Megadata's president and CEO. "Little Rock National Airport has
completely understood that wisdom, and we welcome them to the PASSUR family of
like-minded airports."
The PASSUR Landing Fee Management Program allows airports to take
effective control over this critical piece of their revenue stream. It
provides a clear, defined path for airports to follow -- from auditing, to
online billing to replace airline self-reporting, and a complete professional
services support package. The PASSUR Landing Fee Audit Module gives airports
access to the most complete, accurate and timely activity reports of arrivals
and departures, based on the PASSUR radar record and integrated database of
flight information, including detailed owner/operator information, maximum
certificated weights by tail number, seat configurations, runway utilization,
and other details in aggregate and by individual flight. There is no
equivalent product on the market today.
PASSUR Portal(TM) provides a live snapshot of vital operational
information on a "web dashboard" which combines multiple information sets
derived from the one-of-a-kind PASSUR database, and tools for coordination,
communication and consistent information sharing among all users.
Megadata 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 85
airports worldwide, including 33 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.
Megadata offers unique user-friendly information as well as decision
algorithms which provide innovative commercial air traffic solutions to more
than 50 airports, including 8 of the top 10 U.S. airports; dozens of airlines,
including 7 of the top 10 U.S. airlines; and more than 150 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 Megadata's web site 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 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, 2007 Form 10-K.
Contact:
Ron Dunsky
(203) 622-4086
(917) 587-9672
rondunsky@passur.com
SOURCE Megadata Corporation
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