Strat Aero PLC Contract with Department of Civil Aviation Cyprus (0365G)
24 May 2017 - 4:01PM
UK Regulatory
TIDMAERO
RNS Number : 0365G
Strat Aero PLC
24 May 2017
Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support
Services
24 May 2017
Strat Aero plc ("Strat Aero", the "Company" or the "Group")
Secures Contract with the Department of Civil Aviation (DCA),
Cyprus
Strat Aero plc, an international aerospace company, is pleased
to announce a contract with Cyprus's Department of Civil Aviation
(DCA) to provide aviation consulting services.
The DCA has selected Strat Aero to support the process of
issuing Air Operating Certificates (AOCs) to helicopter operators
providing offshore services from Cyprus. This will include the
evaluation of the documentation submitted by AOC applicants,
performing all necessary inspections, providing advice, and
submitting final recommendations to the DCA for the issuance of the
Rotary Wing AOC. The initial contract is worth approximately
EUR25,000.
Iain McLure, CEO of Strat Aero, said "We are delighted to have
been chosen for this work by the DCA, it's a testament to Strat
Aero's deep understanding of aviation issues and strong commitment
to safe operation. We look forward to executing this initial
contract and hope to expand our relationship with the DCA in
future."
Andreas Paspalides, Head of the Safety Regulation Unit at the
DCA, said "Ensuring safe operation of helicopter services is a top
priority for us, particularly in the challenging environment of
offshore operations where helicopter transport is essential. We
look forward to working with Strat Aero to ensure that AOC
applicants provide full and accurate compliance documentation with
all the necessary risk assessments."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
- ENDS -
For further information please visit www.strat-aero.com or
contact:
Strat Aero plc Tel: +44 (0) 1293 804741
Graham Peck (Chairman)
SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
Nominated Adviser and Joint
Broker
Stuart Gledhill
Jeff Keating
Beaufort Securities Limited Tel: +44 (0) 20 7382
8300
Joint Broker
Elliot Hance
Cornhill Capital Ltd
Joint Broker
Colin Rowbury Tel: +44 (0) 20 7710
9610
St Brides Partners Ltd Tel: +44 (0) 20 7236
1177
Financial PR
Frank Buhagiar
Susie Geliher
Notes
The Department of Civil Aviation, based in Larnaca, Cyprus, is
part of the Ministry of Transport, Communications & Works. The
DCA Safety Regulation Unit consists of three sections. The Flight
Operations Section is responsible for oversight of the commercial
operations and training standards. The Licensing Section is
responsible for the Flight Crew and Maintenance Engineers licences
as well as the Flight Training Organisations in Cyprus. Finally the
Airworthiness Section has the responsibility of overseeing the
approved maintenance organisations, the maintenance arrangements of
the AOC holders and the airworthiness and maintenance of all
aircraft on the Cyprus register. Each of these three sections
consists of experienced local inspectors and support
(administration) staff.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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