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Boston Logan International the First U.S. Airport to Launch Proactive Landing Fee Management; PASSUR Pulse™ Central to the Program
Greenwich, CT, February 13, 2006 — Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Boston Logan International Airport became the first major airport in the U.S. to replace airline “self-reporting” of landing fees with an airport-managed system of direct billing. PASSUR Pulse is a web-based program that allows airports to either audit and reconcile landing fee “self-reports” or replace them with a program of proactive airport-generated landing fee billing. Pulse gives airports instant, complete, detailed landing fee and operations reports from the unique PASSUR database of flight information, invoicing tools, and the ability to share landing fee reports with carriers online.
“The self-reporting method of managing one of the critical sources of airport revenue is obsolete,” said Tom Kinton, Director of Aviation for Massport. “By giving us accurate, independent, and instant landing fee reports, our program, using PASSUR Pulse, provides what we and the carriers have long wanted, which is a more efficient, transparent, and standardized landing fee process. This is an important step in our unfolding plan to run Logan as a business unit,” added Kinton.
“We’re pleased to be playing such a key role in this milestone in airport business practices,” said Jim Barry, Megadata president & CEO. “We partnered closely with Massport to make sure that our program reflects the needs of today’s airport financial and business realities. For years we have heard our airport and airline partners wish for “a better way” to manage landing fees. Our close relationships with both sides of that financial relationship have, we believe, paid off in this ground-breaking program. Any airport community can now remake its landing fee program into a more equitable, efficient, lower cost process.”
Key components of the PASSUR Pulse Proactive Landing Fee Module are:
• Accurate core data: Independent, complete and immediate landing reports generated by the PASSUR radar network and database of flight information, validated by both airlines and airports
• Validated weights: Accurate, specific landed weight information tied to tail numbers
• Transparency: Web-accessed and distributed, with carrier ability to log in any time to the airport’s system and validate landing fee reports on their own
PASSUR Pulse is one of a suite of web-dashboard solutions designed for airlines, airports and corporate aviation. Pulse is one of several PASSUR programs currently used by Massport to assist in operations, public information, noise abatement and financial management.
About Megadata
Megadata owns and operates PASSUR, a national network of multiple, live flight information sources feeding a single, integrated database that is becoming the de facto standard of independent, complete, timely, and accurate information for the aviation industry. It includes the unique network of PASSUR radar installations in the US, Canada, Europe, and Asia. The company’s principal business is the delivery of flight information, application software, and web-delivered collaborative decision-making tools to the aviation industry and organizations that serve, or are served, by the aviation industry. Megadata distributes its products through a direct sales force, and through premier aviation decision-support technology firms.
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 July 31, 2005 Form 10-Q, and the October 31, 2005 Form 10-K.
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