"With this acquisition Dubai Aerospace Enterprise and its business unit, DAE Services, takes another significant step toward fulfilling Dubai's vision of building a 'centre of gravity' for aviation and aviation technology services in the region," said His Excellency Dr. Omar Bin Sulaiman, Managing Director, DAE Group.
"Airlines are suffering from record high fuel prices and are looking for better technologies that will ease the burden. With its sophisticated flight planning software, f:wz offers optimisation solutions that deliver immediate and substantial savings," stated Kamilia Sofia, Acting CEO of DAE Services.
"With DAE, we will have a stronger global footprint and the ability to pursue a full range of collaboration and integration scenarios with other DAE businesses, industry partners and customers," said Captain Raimund Zopp, CEO, f:wz aviation software. "DAE's resources and reach will allow us to accelerate our growth and serve as catalyst for new ideas and opportunities."
F:wz's primary offerings include mfs:2 - its advanced flight planning solution - and the Ops Publishing System (OPUSTM) for the management of Notices to Airmen (NOTAMs) and company-specific mission information.
The company has a global airline customer base which includes United Airlines, Virgin Atlantic, Austrian Airlines and Malaysia Airlines. Recently, f:wz was chosen to supply Milwaukee-based Midwest Airlines with its advanced flight planning technology.
United Airlines, which is currently implementing the f:wz system, has stated that this technology represents a lynchpin of its strategy to modernise its infrastructure and streamline its costs. United has successfully realised significant savings using the system during the development and integration period.
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DAE Services strengthens its airline technology-solutions offering
- United Arab Emirates: Tuesday, March 11 - 2008 at 11:00
- PRESS RELEASE
DAE Services, the aviation technology division of Dubai Aerospace Enterprise (DAE), has acquired flugwerkzeuge aviation software (f:wz), a privately-held Austrian software firm that develops and distributes cost-optimising flight planning solutions for airlines for $25m.
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Log in to request more information from Dubai Aerospace Enterprise (DAE)
Notes and media contacts
About DAE and DAE ServicesDAE is a fast-developing global aerospace, manufacturing and services corporation comprised of six divisions: DAE Airports, DAE Capital, DAE Engineering, DAE Manufacturing, DAE Services and DAE University.
DAE Services is an emerging aviation solutions provider offering technology-based products and services to airline and airport customers globally.
Headquartered in Dubai, United Arab Emirates, the group is experiencing a series of phased developments and acquisitions to become a global player and to produce an integrated aerospace cluster, based at Dubai World Central, the new 140-square-kilometre airport and logistics city being constructed in Jebel Ali, Dubai. DAE is forming international partnerships at the highest level of industry with the aim of establishing one of the most innovative and successful businesses in the global aerospace industry within the next decade.
DAE's shareholders include EMAAR, ISTITHMAR, Dubai Silicon Oasis (DSO), Dubai International Capital, DIFC Investments LLC, the Government of Dubai and AMLAK Finance.
About f:wz aviation software
Founded in 1987, flugwerkzeuge aviation software (f:wz) provides cost-optimizing flight planning software to airlines around the world. Based in Vienna, the company was started by two Austrian Airlines pilots who identified a need in the marketplace for PC-based flight planning solutions. The original product was deployed by Austrian Airlines in 1987 and has been in use ever since. Today, f:wz provides solutions to over 19 airlines and partners with key industry players, including Lockheed Martin and Airbus.
To learn more about f:wz's solutions, please contact Christoph Prinz on +431-5226166-23
For further information contact:
Zarmineh Rab on +971 50450 2315
Dana Salloum on +971 50 2289791
Or
David Wilson, Steve Double, Neville Rawlings or James Thomlinson in the DAE Global Press Office at Bell Pottinger Public Relations on
+44 (0)207 861 3998
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, March 11 - 2008 at 11:00 UAE local time (GMT+4)
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