New jets for Snowbirds proposal.
Fri Sep 15, 2006 9:12 pm
Venga Makes Proposal to Provide Replacement Aircraft for Canadian Forces' Famed Snowbirds Aerial team
14:34 EDT Friday, September 15, 2006
TORONTO, ONTARIO--(CCNMatthews - Sept. 15, 2006) - Venga Aerospace Systems Inc. ("Venga") (TSX VENTURE:VAV)(PINK SHEET:VNGAF) announces that it has, in association with ARINC Incorporated (www.arinc.com), made a formal proposal to the Canadian government to provide replacement jet aircraft for the Canadian Forces' Snowbirds aerial demonstration squadron. The Venga / ARINC proposal would see the Snowbirds' current fleet of Tutor aircraft replaced with 18 newer, safer and superior performing, Hawk jet aircraft.
The Snowbirds (www.snowbirds.dnd.ca) are the aerial demonstration team of the Canadian Forces. While the Snowbirds have been a symbol of national pride for 35 years, it has long been recognized that the Snowbirds would benefit by acquiring newer and more advanced aircraft. The Venga / ARINC proposal is based on providing the Canadian Forces newer Hawk jet aircraft on a turnkey 20 year lease program that offers the Snowbirds many operational and safety advantages over its current Tutor aircraft including: zero-zero ejection seats; newer avionics and longer range. Adding to the viability of the Venga / ARINC proposal is that based on an aircraft to aircraft comparison using the Canadian Forces Cost Factors Manual, all the offered advantages can be realized by the Canadian Forces at no increased operational costs. "The Venga / ARINC Snowbirds' aircraft replacement proposal is truly a WIN - WIN situation for all," stated Venga's President, Hirsh Kwinter. "Our Hawk based proposal would not only see the Snowbirds flying newer, safer and better performing aircraft, but at a cost that would not exceed the Snowbirds' current operating budget," continued Mr. Kwinter.
As an integral part of the VENGA / ARINC proposal, Venga has partnered with ARINC Incorporated, the world leader in transportation communications and systems engineering to provide Venga with a turnkey solution and capability for ongoing maintenance and avionics upgrades required by the Snowbirds. "We are, of course quite excited and pleased to be associated with Venga Aerospace on this leading edge proposal to update the Snowbirds," states ARINC Incorporated Vice President, Barry Schrower. "In the event that the Venga/ARINC proposal is accepted, ARINC will employ approximately 35 Canadians in Moose Jaw for the proposed 20 years. The Venga Hawk proposal also has ARINC Canada providing all new state of the art glass cockpits for all 18 aircraft," continued Mr. Schrower.
"We are very excited to be in a position to offer the Canadian Armed Forces with what we believe is a viable solution to the Snowbirds' aging fleet of Tutor jet aircraft," added Kwinter. "The Snowbirds are a true, Canadian icon and should our proposal be accepted, we would be proud to participate in the continuing legacy of what has, and remains, an important part of Canadian aerospace history," concluded Mr. Kwinter.
For more information about the Venga / ARINC Snowbirds aircraft replacement proposal see: www.vengasystems.com.
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that may cause the Company's results to differ materially from expectations and speak only as of the date hereof.
14:34 EDT Friday, September 15, 2006
TORONTO, ONTARIO--(CCNMatthews - Sept. 15, 2006) - Venga Aerospace Systems Inc. ("Venga") (TSX VENTURE:VAV)(PINK SHEET:VNGAF) announces that it has, in association with ARINC Incorporated (www.arinc.com), made a formal proposal to the Canadian government to provide replacement jet aircraft for the Canadian Forces' Snowbirds aerial demonstration squadron. The Venga / ARINC proposal would see the Snowbirds' current fleet of Tutor aircraft replaced with 18 newer, safer and superior performing, Hawk jet aircraft.
The Snowbirds (www.snowbirds.dnd.ca) are the aerial demonstration team of the Canadian Forces. While the Snowbirds have been a symbol of national pride for 35 years, it has long been recognized that the Snowbirds would benefit by acquiring newer and more advanced aircraft. The Venga / ARINC proposal is based on providing the Canadian Forces newer Hawk jet aircraft on a turnkey 20 year lease program that offers the Snowbirds many operational and safety advantages over its current Tutor aircraft including: zero-zero ejection seats; newer avionics and longer range. Adding to the viability of the Venga / ARINC proposal is that based on an aircraft to aircraft comparison using the Canadian Forces Cost Factors Manual, all the offered advantages can be realized by the Canadian Forces at no increased operational costs. "The Venga / ARINC Snowbirds' aircraft replacement proposal is truly a WIN - WIN situation for all," stated Venga's President, Hirsh Kwinter. "Our Hawk based proposal would not only see the Snowbirds flying newer, safer and better performing aircraft, but at a cost that would not exceed the Snowbirds' current operating budget," continued Mr. Kwinter.
As an integral part of the VENGA / ARINC proposal, Venga has partnered with ARINC Incorporated, the world leader in transportation communications and systems engineering to provide Venga with a turnkey solution and capability for ongoing maintenance and avionics upgrades required by the Snowbirds. "We are, of course quite excited and pleased to be associated with Venga Aerospace on this leading edge proposal to update the Snowbirds," states ARINC Incorporated Vice President, Barry Schrower. "In the event that the Venga/ARINC proposal is accepted, ARINC will employ approximately 35 Canadians in Moose Jaw for the proposed 20 years. The Venga Hawk proposal also has ARINC Canada providing all new state of the art glass cockpits for all 18 aircraft," continued Mr. Schrower.
"We are very excited to be in a position to offer the Canadian Armed Forces with what we believe is a viable solution to the Snowbirds' aging fleet of Tutor jet aircraft," added Kwinter. "The Snowbirds are a true, Canadian icon and should our proposal be accepted, we would be proud to participate in the continuing legacy of what has, and remains, an important part of Canadian aerospace history," concluded Mr. Kwinter.
For more information about the Venga / ARINC Snowbirds aircraft replacement proposal see: www.vengasystems.com.
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that may cause the Company's results to differ materially from expectations and speak only as of the date hereof.
Oh yeah baby!
Fri Sep 15, 2006 9:27 pm
This should have been done a few years ago...!
Makes sense when canada has the nato training program using what else Hawks!
Makes sense when canada has the nato training program using what else Hawks!
Sat Sep 16, 2006 9:34 am
We can only hope Mr Diemert decides to field an entry and and lets the CBC make another documentery...
Sat Sep 16, 2006 11:01 pm
Ohhh my, yes, I can see it:
Nine red-and-white Defenders, blasting down the grass runway at 50kph for all they're worth, in beautiful tight formation except that one or two of them occasionally bounce into the air; and there's a press photographer leaning out the door of Mr D's sidekick's homemade three-wheeled sportscar that's "flying chase"...And of course the soundtrack would have to be David Foster as so often heard behind the Tutor team, why reinvent the wheel. (Course Mr Diemert would probably enjoy having a go at reinventing the wheel, too! And incidentally David Foster hosted quite a good TV doc on the Snowbirds about 20 years ago...)
S.
Nine red-and-white Defenders, blasting down the grass runway at 50kph for all they're worth, in beautiful tight formation except that one or two of them occasionally bounce into the air; and there's a press photographer leaning out the door of Mr D's sidekick's homemade three-wheeled sportscar that's "flying chase"...And of course the soundtrack would have to be David Foster as so often heard behind the Tutor team, why reinvent the wheel. (Course Mr Diemert would probably enjoy having a go at reinventing the wheel, too! And incidentally David Foster hosted quite a good TV doc on the Snowbirds about 20 years ago...)
S.