The parties (FLYHT Aerospace Solutions Ltd. (formerly AeroMechanical Services Ltd.), Star Navigation Systems Group Ltd., Star Navigation Systems Inc., Peter Verbeek, and Viraf Kapadia) have agreed to a dismissal of their existing litigation in Ontario on a without costs basis, with no admissions of liability.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Company has been publicly traded on the TSX Venture Exchange since 2003 and recently changed its trading symbol from AMA to FLY. Shareholders approved a Company name change from AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd. in May 2012.

AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com

Join us on social media!

www.facebook.com/flyht 
www.twitter.com/flyhtcorp 
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp

www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

“We have received positive feedback about the name change from investors and stakeholders,” commented Bill Tempany, President and CEO of FLYHT. “We think FLY is a great trading symbol because it stands out and also represents the new name, our business and the market we’re in. This change marks another milestone in the Company’s evolution.”

FLYHT has received the necessary approvals from the Government of Canada and the Alberta Government.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Company has been publicly traded on the TSX Venture Exchange since 2003 and recently changed its trading symbol from AMA to FLY. Shareholders approved a Company name change from  AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd. in May 2012.

AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com

Join us on social media!

www.facebook.com/flyht 
www.twitter.com/flyhtcorp 
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp

www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

The stock options are exercisable at an exercise price of $0.25 per share. They also feature immediate vesting and expire on December 31, 2015. A maximum of 10% of the issued and outstanding shares are reserved under the Company’s stock option plan.  The options, and any common shares issued upon exercise of the stock options are subject to a four-month resale restriction.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Company has been publicly traded on the TSX Venture Exchange since 2003 and recently changed its trading symbol from AMA to FLY. Shareholders approved a Company name change from  AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd. in May 2012.

AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com

Join us on social media!

www.facebook.com/flyht 
www.twitter.com/flyhtcorp 
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp

www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

“The Company has been operating under the FLYHT brand name for the past five years, so the name is already established in the industry,” remarked President and CEO Bill Tempany. “We believe that the name change throughout the whole Company will have a positive outcome on our business because there will be consistency among all stakeholder groups in operations, marketing and investor relations.”

AeroMechanical Services Ltd. was formed in 1998 and began trading as “AMA” on the TSX Venture Exchange in 2003. Since that time, the Company’s business has grown and evolved. Originally, the Company sold parts, maintenance and certification services for aircraft. When the Company recognized aircraft operators needed to be better connected with their aircraft, it shifted its focus to providing real-time data and satellite communications.

In 2007, the FLYHT brand name was introduced to as a way to differentiate products and services in the marketplace and create a new image for the Company. The Company has undergone efforts to increase marketing under the name with a launch of a new website in the first quarter of 2011 and a new logo in the third quarter of 2011.

“The origin of the FLYHT name comes from the old English spelling of the word flight and was chosen as a fitting and unique title for a company in the aerospace industry,” added Mr. Tempany.  

After the name change, the Company’s organizational structure and operating standards will remain the same. Over the next couple days, the updated name will appear on the TSX Venture Exchange and other trading websites. All efforts have been made to ensure a smooth transition through the change for people searching both the old and new Company name.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Company has been publicly traded on the TSX Venture Exchange since 2003 and recently changed its trading symbol from AMA to FLY. Shareholders approved a Company name change from  AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd. in May 2012.

AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information 

FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com

Join us on social media!

www.facebook.com/flyht 
www.twitter.com/flyhtcorp 
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp

www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

AMA’s 2012 First Quarter Report contains the President and CEO’s Message, Management Discussion and Analysis and Financial Statements.  The Report has been posted to the Company’s website and can be accessed at http://www.flyht.com/investors/financial-reports-results-centre/. The MD&A and Financial Statements have also been sent to SEDAR and will be accessible at www.sedar.com. 

Due to time commitments for the Annual General Meeting there will be no conference call associated with the Q1 results, though management is always available to accept questions by telephone and e-mail.  Questions can be forwarded to investors@flyht.com or you can reach the office at 1-866-250-9956.

About AeroMechanical Services

AeroMechanical Services Ltd., under the brand name FLYHT^TM, provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, AMA’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real time. The company has been publicly traded on the TSX Venture Exchange since 2003 under the trading symbol AMA.

AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of AeroMechanical Services Ltd.

Contact Information

 AeroMechanical Services Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com

Join us on social media!

www.facebook.com/flyht 
www.twitter.com/flyhtcorp 
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp

www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Follow this link to read the full blog post.

The SMS Dashboard is an enhancement to the flight following system the Company installed in 2011, as announced April 7, 2011. The SMS Dashboard will expand the current tracking and real-time alerts for the NCAA to monitor all Nigerian registered aircraft equipped with satellite based tracking solutions and data collection hardware. The information will also feed into AMA’s UpTime system, where it can be reviewed as needed.

“AeroMechanical Services has been a valuable partner,” stated Dr. Harold Demuren, Director General of the NCAA. “The Company continues to support our initiatives to improve aviation safety inNigeria. The unique SMS Dashboard will significantly aid in our goal for increased real-time aircraft monitoring and build on the systems previously established.”

The SMS Dashboard works to further leverage the data collected from aircraft. Not only does the SMS Dashboard report aircraft exceedance and operation alerts to the airlines, it allows the NCAA, as the regulatory body in the country, to use the data to identify and manage risks. With the data at its fingertips, the NCAA can improve aviation safety by monitoring the compliance of all airlines in the country.

“We are happy to expand our services for the NCAA,” stated Derek Taylor, Sales Director at AMA. “The extension of the flight following centre into an SMS Dashboard allows multiple users to benefit from the data coming off aircraft.”

AMA will provide equipment, services and training to the NCAA over a five-year contract. The SMS Dashboard installation will commence immediately. When AMA completes installation, the gross revenue to AMA will be approximately $406,525 USD.

This disclosure as it relates to this agreement is subject to the following disclaimer:

Fulfillment of the contract terms may be affected if there are any changes to government statutes, regulations or rules of the applicable governing bodies. The contract terms and values disclosed herein are based on the original information available to AMA upon execution of the contract and are subject to change. For the actual revenue earned, please see AMA’s financial statements including its revenue recognition policy disclosed within the notes to the Consolidated Annual Financial Statements.

About AeroMechanical Services

AeroMechanical Services Ltd., under the brand name FLYHT^TM, provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time. If an aircraft encounters an emergency, AMA’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The company has been publicly traded on the TSX Venture Exchange since 2003 under the trading symbol AMA. 

AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of AeroMechanical Services Ltd.

Contact Information 

AeroMechanical Services Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com

Join us on social media!

www.facebook.com/flyht 
www.twitter.com/flyhtcorp 
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp

www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Bill Tempany, President and Chief Executive Officer, and Tom French, VP Finance and Chief Financial Officer will answer questions about the results on the call.  A video presentation on the results is now available at http://flyht.com/investors/videos/2011-q4yearend-video/. The video will serve as the presentation and the conference call will be a question and answer period only.

AMA’s 2011 Annual Report To Shareholders contains the CEO’s Message, Management Discussion and Analysis and Financial Statements.  The Report has been posted to the Company’s website and can be accessed at http://www.flyht.com/investors/financial-reports-results-centre/. The MD&A and Financial Statements have also been sent to SEDAR and will be accessible at www.sedar.com. 

To access the conference call by phone within Canada and the U.S. the toll-free number is 1-800-319-4610.  Outside Canadaand the U.S., dial 1-604-638-5340.  (Callers should dial in five to 10 minutes prior to the scheduled start time).

Management will accept questions by telephone and e-mail.  Questions can be forwarded in advance or during the conference call to investors@flyht.com and may be posed live by dialing one of the above numbers and pressing *1 on a touch-tone phone. 

About AeroMechanical Services

AeroMechanical Services Ltd., under the brand name FLYHT^TM, provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, AMA’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real time. The company has been publicly traded on the TSX Venture Exchange since 2003 under the trading symbol AMA.

AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of AeroMechanical Services Ltd.

Contact Information

AeroMechanical Services Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com

Join us on social media!
www.facebook.com/flyht 
www.twitter.com/flyhtcorp 
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp

www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

The airline operates Canadian domestic and international charter flights for a variety of organizations and groups.

“We welcome this operator as our ninth Canadian customer,” commented Matt Bradley, VP of Business Development at AMA. “Our customer base is made up of airlines from around the world, and we are always happy to support and provide services to a fellow Canadian.” 

The airline will benefit from all of the AFIRS services in their operation. AFIRS will enable Out, Off, On and In times, real-time flight following and 24/7 connectivity between the aircraft and operations through the Iridium satellite communications system. Other optional services include engine trending, and airframe and engine exceedances. The AFIRS 228B is provisioned to integrate with other equipment on the aircraft and will provide a future ready capability for the operator.

AMA will provide equipment and services to the airline over a three-year contract. Installations are scheduled to begin in the second quarter of this year. If AMA completes installation on all contracted aircraft and provides recurring service for the full term of the agreement, gross revenue to AMA will be approximately $136,000 USD, excluding optional services. The installations will commence upon AMA receiving all necessary certifications for the Boeing 737-700 and no issues are anticipated for the completion of the certifications.

This disclosure as it relates to this agreement is subject to the following disclaimer:

When a contract is initially signed, the intended number of aircraft, pricing and potential installation schedules is agreed to by the parties. The actual installation schedules as well as the number and types of aircraft are often revised throughout the term of the agreement as the airline realigns its fleet of aircraft with its business requirements. Delays in installations can and do occur which can affect the total value of the contracts such that the revenues noted above may not be fully achieved. Fulfilment of the contract terms may also be affected if there are any changes to government statutes, regulations or rules of the applicable governing bodies. The contract terms and values disclosed herein are based on the original information available to AMA upon execution of the contract and are subject to change. For the actual revenue earned, please see AMA’s financial statements including its revenue recognition policy disclosed within the notes to the Audited Annual Financial Statements.

About AeroMechanical Services

AeroMechanical Services Ltd., under the brand name FLYHT^TM, provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time. If an aircraft encounters an emergency, AMA’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The company has been publicly traded on the TSX Venture Exchange since 2003 under the trading symbol AMA.

AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of AeroMechanical Services Ltd.

Contact Information

AeroMechanical Services Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com

Join us on social media!

www.facebook.com/flyht 
www.twitter.com/flyhtcorp 
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp

www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

The Company and NetJets Europe have engaged in a collaborative in-service evaluation of the AFIRS 220, its Fuel Initiative Reporting System Tracker (“FIRST^TM”), and FLYHTStream^TM programs over the past two-and–a-half-years. During that time, a Supplemental Type Certificate (“STC”) was obtained from the European Aviation Safety Agency (“EASA”) for the AFIRS 220, applicable to the Hawker Beechcraft 987 series of business jets. The initial installations will consist of the Company’s next generation AFIRS 228B, which will be updated to the AFIRS 228U to provide compliance with Europe’s new air traffic control regulations (“Link 2000+”) for Protected Mode Controller Pilot Data Link Communication (“PM CPDLC”). The AFIRS 228U upgrade will be implemented when certification activities are completed, well before the February 2015 compliance deadline.

“NetJets Europe is the European leader in business aviation and we are proud to have met their standards and expectations through our collaborative in-service evaluation,” said Bill Tempany, President and CEO of AMA. “AMA recognizes NetJets’ commitment to safety, quality, and customer service. We look forward to serving NetJets Europe and its customers, enabling greater fleet productivity and safety.”

NetJets Europe, financially backed by Berkshire Hathaway, operates 150 aircraft.  It has selected the entire suite of AFIRS services to provide real-time data from its Hawker Beechcraft 750/800XP aircraft fleet as well as enhanced flight data monitoring (“FDM”), fuel management, and Electronic Flight Bag (“EFB”) connectivity. AMA’s FIRST program will quantify and monitor operating procedures to reduce fuel consumption and emissions, aiding NetJets Europe’s Climate Initiative, which aims to reduce NetJets Europe’s environmental impact. NetJets Europe and AMA will also work together to adapt AFIRS’ unique FLYHTStream position and data streaming capability to serve the operator’s need for enhanced troubleshooting and emergency management.

AMA will provide equipment and services to NetJets Europe over a five-year contract. The installations for Hawker Beechcraft 750/800XP will commence in April 2012 and activation will occur when AMA receives all necessary certifications. No issues are anticipated in completion of the certifications. AMA will receive initial payments totaling between $1.0M – $2.0M USD over the first few months of the contract and payments for recurring revenue services as incurred. If AMA completes installation on all contracted aircraft and receives appropriate EASA STCs, with recurring service for the full term of the agreement, gross revenue to AMA will total in excess of $6.0M USD, excluding optional upgrades and services. The exact amounts of the contract have not been disclosed at the customer’s request.

The Company has previously received a provisions-only STC for AFIRS 228 on the Hawker Beechcraft 750/800XP from EASA and a flight test was successfully conducted on January 26, 2012, in order to obtain the full activation STC. It is anticipated the Company will receive the activation approval and STC from EASA within eight weeks of the flight test.

AMA first announced an AFIRS 220 installation on a NetJets Europe’s aircraft on September 9, 2009. It was the Company’s first business jet installation.

FLYHT's Director of Product Development, Steve Harke, with NetJets' aircraft and the AFIRS 228

This disclosure as it relates to this agreement is subject to the following disclaimer:

When a contract is initially signed, the intended number of aircraft, pricing, and potential installation schedules are agreed to by the parties. The actual installation schedules as well as the number and types of aircraft are often revised throughout the term of the agreement as the operator realigns its fleet of aircraft with its business requirements. Delays in installations can and do occur which can affect the total value of the contracts such that the revenues noted above may not be fully achieved. Fulfillment of the contract terms may also be affected if there are any changes to government statutes, regulations or rules of the applicable governing bodies. The contract terms and values disclosed herein are based on the original information available to AMA upon execution of the contract and are subject to change. For the actual revenue earned, please see AMA’s financial statements including its revenue recognition policy disclosed within the notes to the Audited Annual Financial Statements.

About AeroMechanical Services

AeroMechanical Services Ltd., under the brand name FLYHT^TM, provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, AMA’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real time. The company has been publicly traded on the TSX Venture Exchange since 2003 under the trading symbol AMA.

The AFIRS 228U is a safety services version of the AFIRS 228S that includes a second hardware module that provides Protected Mode-Controller-Pilot Data Link Communication (“PM-CPDLC”) required underEurope’s Link 2000+ regulation.

AFIRS, UpTime, FLYHT, FLYHTStream, FIRST, and aeroQ are trademarks of AeroMechanical Services Ltd.

About NetJets Europe

NetJets Europe was founded in 1996 and today is the largest business jet company in Europe. As the only pan-European operator with its own fleet, NetJets Europe through NetJets Transportes Aéreos (NTA) is uniquely capable of delivering a consistent, world-class service with an unparalleled commitment to safety and security. NTA was the first business jet operator to be awarded the IOSA certificate, the highest safety accreditation in the world. NetJets Europe employs a total workforce of more than 1,500 and has over 150 aircraft. NetJets Europe is the marketing agent of NetJets Transportes Aéreos S.A., an EU air carrier. www.netjetseurope.com

Contact Information

AeroMechanical Services Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com

www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.