Issue link: https://maltatoday.uberflip.com/i/340052
10 Business Today maltatoday, WEDNESDAY, 2 JULY 2014 Jeppesen helps Air Malta achieve paperless operations Tumas Investments plans new €25 million bond issue Air Malta recently received authorisa- tion to operate in a fully digital capac- ity, using Jeppesen FliteDeck Pro on iPad as its electronic flight bag (EFB) solution. Jeppesen, a part of Boeing Digital Aviation, helped Air Malta achieve the significant clearance from the Civil Aviation Directorate in Malta to operate as one of the initial paperless carriers in Europe. Air Malta transitioned to using FliteDeck Pro on iPad last autumn for access to digital flight information used on the ground and in the air. The airline now has completed the authorisation process to become a fully digital airline. FliteDeck Pro helps to reduce pilot workload, increase situational awareness in flight and lower operating costs through reduced fuel consumption, based on weight savings and easy access to operational information. "Jeppesen and FliteDeck Pro on iPad have provided the base for us to receive this authorisation and achieve one of the first fully digital airline operations in Europe," said Capt Patrick Calleja, head of Aircraft Operations, Air Malta. "It has been our goal to become a paperless airline and we look forward to continued operational benefits and improved efficiency using FliteDeck Pro as our EFB platform. This leap forward in operational effectiveness has been achieved through the expertise and belief in the product of a dedicated technical and operational team led by First Officer Mark Attard, our Technical Pilot. I am proud of what the team has achieved in cooperation with Jeppesen and importantly, our regulators within Transport Malta Civil Aviation Directorate, who have been supportive and equally enthusiastic throughout," Capt Calleja added. Jeppesen FliteDeck Pro helps airlines and large operators streamline access to essential flight information and Jeppesen's industry-leading navigation data. With FliteDeck Pro, Air Malta receives vector-based terminal charts and data-driven enroute content, which is dynamically rendered on-screen for improved situational awareness in the flight deck. "Establishing a paperless operation is a significant achievement and we congratulate Air Malta on their digital transformation and pioneering effort in Europe," said Tim Huegel, director, Jeppesen Aviation Portfolio Management. "Elimination of paper revision filing and no longer having to haul heavy flight bags is a benefit for pilots, as essential data is automatically updated and greater operational efficiency and reduced fuel consumption is achieved using FliteDeck Pro." Air Malta connects the Maltese Islands with 35 destinations across Europe and the Mediterranean, operating a fleet of Airbus A320/319 aircraft. For more information about the commercial air services provided by Air Malta, visit www.airmalta.com Tumas Investments has announced that it has submitted an application to the Malta Financial Services Au- thority for a €25 million bond issue redeemable in 2024. The net proceeds from the new bonds will be used by the company to finance the redemption of the €25 million 6.25% Tumas Investments plc bonds 2014-2016, which will be redeemed on 31 July 2014. The company will be granting holders of the maturing bonds preference to subscribe to the new bonds, applied by way of an exchange offer for maturing bonds rounded nearest €100, subject to a minimum application of €2,000. Holders of the €25 million 6.2% bonds 2017-2020 will also be offered the opportunity to invest in the new bonds by means of the exchange offer. Any balance of the new bonds which remains unsubscribed to shall be made available to authorised intermediaries through an intermediaries' offer. Establishing a paperless operation is a significant achievement, eliminating having to haul heavy flight bags, which benefits pilots, operational efficiency and leads to lower fuel consumption