
Provision of Medevac Services
Background: In October 2009, the Company was granted provisional approval by the Ministry of Economic Development, Government of Maldives, to operate medical evacuation facilities in the Maldives. The Company has already concluded strategic agreements with Layang Layang Aerospace Sdn. Bhd., East Malaysia’s largest private sector aviation operator, together with Titan Helicopter Group (www.titanhelicopters.com), South Africa’s foremost helicopter company, for provision of these proposed Medevac Services, and it is comforting to note that the Company’s international partners currently service the following major contracts:
Project Management & Organisation: The Company shall be responsible for overall project implementation, while its international partners shall bear responsibility for provision of the relevant aircraft and related aviation matters, including liaising with Civil Aviation Department of Maldives to secure the necessary Air Operator’s Certificate to undertake the Project. Altair shall also coordinate with its selected multinational partners to develop the essential offset projects associated with the provision of the Medevac services.
Sustainability: The Project’s financial and operational sustainability will be assured by the quality and substance of the Company’s direct foreign investment Parties, the quality of the Project Management Team, and the revenue generation of the ‘offset’ developments.
The Company looks forward to embarking upon its Medevac Project during 2011/12.



|
||