Indoor Skydive Australia Group Limited (ASX:IDZ) is pleased to advise that the Company has signed an Alliance Agreement with Australian Parachute Federation Incorporated (“APF”) to form a strategic alliance which supports the development of the sport of skydiving
within Australia.
The aim of this alliance is to improve Australian skydiving international
competitiveness and retention within the sport, while simultaneously assisting IDZ to achieve
its commercial objectives and the APF to offer certain benefits to its members.
The APF is a membership based organisation which controls skydiving and parachuting at
most civilian operations in Australia. With over 130,000+ tandem skydivers and 3,000+
active sport skydivers making up their membership base, the APF sets the standards of
operations in Australia. With the approval of the Civil Aviation Safety Authority (CASA), the
APF conducts competitions, issues licences and instructor ratings, distributes publications to
keep its members informed of current events and safety standards in relation to skydiving
and parachuting in Australia.
Under the Agreement, IDZ has agreed to offer the use of the tunnel facilities to best promote
the strategic goals of the APF. In return IDZ will receive certain promotional exposure and
marketing opportunities to the APF member base.
On signing the agreement today, APF provided an advance payment for contracted Vertical
Wind Tunnel (VWT) flight time for APF use for the first year. The exclusive agreement
covers the Penrith VWT and such further VWT’s as may be owned and operated by IDZ
within Australia for an initial three year term.
Details of the pricing and other financial arrangements are commercial-in-confidence.
Mr Wayne Jones, IDZ CEO said
“The signing of this alliance agreement demonstrates a strong vision for growth of both indoor and outdoor skydiving industries in Australia. Early alignment ensures commercial objectives for both parties have a fantastic opportunity to be realised.”
Mr Brad Turner, CEO of APF said today
“We are very excited to be involved with IDZ and
look forward to working with them to drive the growth of indoor & outdoor skydiving in this
country.”
Visit the APF website: www.apf.asn.au/