Finance News Network – Indoor Skydive Australia facility set to launch

Indoor Skydive Australia Group Limited (ASX:IDZ) says it is on track to deliver Australia’s first indoor skydiving facility at Penrith in New South Wales.

The skydiving and adventure sports-focussed company advises the commissioning process of the vertical wind tunnel has now started.

Following commissioning the company will begin fitting out surrounding areas of the tunnel such as training, spectator and customer service areas.

As Indoor Skydive Australia Group continues to build its training crew the company has flagged for operations start by the end of the month.

The Sydney-based company listed on the ASX in 2011 and has plans to construct similar facilities in Melbourne and Queensland’s Gold Coast.

Indoor Skydive Australia Group reported a net loss of $1.2 million in the first half of its 2014 financial year.

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Screenshot IDZ