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MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  Ryanair Holdings    RY4C   IE00BYTBXV33

RYANAIR HOLDINGS

(RY4C)
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Ryanair : Signs Pilot Training Software Partnership With CEFA Aviation

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05/15/2019 | 10:08am EDT

First European Airline To Introduce World Leading Pilot Training Safety App

Ryanair, Europe's No. 1 airline, today (15 May) announced a six-year deal with CEFA Aviation, a leader in flight safety and pilot training software and services, to provide world first cloud-based mobile service CEFA AMS (Aviation Mobile Services) for Ryanair's pilot training programmes.

With this new partnership, launched at EASA's Safety in Aviation Forum for Europe in Brussels, Ryanair will become the first airline in Europe to introduce this breakthrough pilot training innovation with the only app in the world allowing pilots to replay their flights on their tablet after landing.

In Brussels, Ryanair's Chief Pilot Ray Conway said:

'This agreement marks the beginning of the next chapter in Ryanair pilot training and will set new standards for delivering constructive feedback to our crews. Over the next year we will monitor pilot performance to ensure that our pilots not only deliver to the highest standards of safety and efficiency in the industry but set new standards of excellence for the years ahead.

Training to the highest standards of safety and efficiency is, and always has been a top priority for Ryanair. Our focus on safety is unrelenting. Our pilots are among the best in the business and our 34 year safety record speaks for itself. Innovating with this new mobile service has been a development of our 3-year Corporate Safety Strategy ensuring that safety & security remain at the heart of everything we do in Ryanair.'

Dominique Mineo, CEFA Aviation's CEO and founder said:

'We are extremely satisfied to partner with the No.1 airline in Europe and to welcome this low-cost carrier into the CEFA AMS community. After Asia and our launch customer All Nippon Airways, it is highly important to deploy our innovation within Europe with this continent's No. 1 airline, and an airline with an absolute commitment to safe operations. We will benefit from this new cooperation through Ryanair's return on experience - allowing us to continuously enhance our mobile service.'

Captain Andy O'Shea, Head of Crew Training at Ryanair, said:

'The implementation of CEFA Aviation's world first mobile service testifies Ryanair's innovative strength as well as our strong desire to lead the shift of the pilot training paradigm as advocated by EASA. Our airline has high hopes for CEFA AMS which integrates into our world-leading OFDM (Operational Flight Data Monitoring) system that was adopted fleet-wide in 2004.

The CEFA AMS flight replay facility app is a milestone in our endeavors to enhance our pilots' proficiency. It is the perfect match with our unique OFDM replay facility in our fleet of Fixed Base Simulators. We are proud to initiate a change designed to revolutionize not only the debriefing and training culture within the company, but also for European aviation, thus making the sky safer.'

Disclaimer

Ryanair Holdings plc published this content on 15 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2019 14:07:06 UTC

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Financials (EUR)
Sales 2020 8 356 M
EBIT 2020 936 M
Net income 2020 801 M
Debt 2020 1 103 M
Yield 2020 -
P/E ratio 2020 17,0x
P/E ratio 2021 12,9x
EV / Sales2020 1,76x
EV / Sales2021 1,70x
Capitalization 13 571 M
Chart RYANAIR HOLDINGS
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Technical analysis trends RYANAIR HOLDINGS
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 11,17  €
Last Close Price 12,22  €
Spread / Highest target 14,6%
Spread / Average Target -8,56%
Spread / Lowest Target -34,5%
EPS Revisions
Managers
NameTitle
Michael O'Leary Group Chief Executive Officer & Executive Director
David Bonderman Independent Executive Chairman
Peter Brendan Bellew Chief Operating Officer
Neil Sorahan Chief Financial Officer
John Hurley Chief Technology Officer
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