ISAG – Agreement with Australian Parachute Federation

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.

To read the full ASX Release please click on the document below.