FLYHT Aerospace Solutions Ltd. Announces Management Change

FLYHT Aerospace Solutions Ltd. Announces Management Change

Calgary, Alberta – June 5, 2017 – FLYHT Aerospace Solutions Ltd. (“FLYHT”) (TSX-V: FLY) (OTCQX: FLYLF) today announced that Nola Heale will not be continuing in her position of CFO & VP Finance of FLYHT. The Company has appointed Paul Takalo, the Board of Director’s Audit Committee Chair, to serve as the interim CFO & VP Finance. FLYHT will pursue a permanent replacement to fill the position.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 70 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRSTM), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTimeTM ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.5 million aggregate flight hours and 1.7 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Paul Takalo
Interim Chief Financial Officer
403-291-7425
ptakalo@flyht.com
Investor Relations

The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com
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Total Customer Flights

As of June 30, 2018

Flight hours with AFIRS onboard

As of June 30, 2018

FLY.V on TSX.V

 Updated: 2018-07-19 - 16:00:00 Symbol: FLY.V 
Open: $1.27
Volume: 10654
Last: $1.30
Day Hi: $1.3
Change: $+0.03
Day Low: $1.27

FLYLF on OTC QX

 Updated: 2018-07-19 - 16:00:00 Symbol: FLYLF 
Open: $0.97
Volume: 1000
Last: $0.97
Day Hi: $0.97
Change: $-0.08
Day Low: $0.97