FLYHT Ships 2000th AFIRS Unit to Azur Aviation

FLYHT Ships 2000th AFIRS Unit to Azur Aviation

Calgary, Alberta – April 30, 2018 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce that the 2000th production unit of the Automated Flight Information Reporting System (AFIRSTM) has been shipped and received by Azur Havacilik A.S (“Azur”), for installation into their Boeing 767-300 aircraft.  Azur has purchased AFIRS equipment for their entire fleet.

Matieu Plamondon, FLYHT’s Chief Operations Officer, visited Azur in Antalya, Turkey to deliver a memorial keepsake and meet the team.

FLYHT’s COO, Matieu Plamondon (7th from the left) presents an award to Azur staff for purchasing the 2000th AFIRS unit.

At the time the contract was executed last October, Mr. Salih Dinc, Engineering Manager of Azur Havacilik stated, “FLYHT will provide an advanced and innovative solution for Azur’s long-range communication needs and for complying with GADSS standards.  In fact, our airline will exceed those standards with FLYHT’s solution.” Mr. Dinc added, “Their solution will also enable our mixed fleet of aircraft to transmit data in a similar format, helping us reduce downline costs related to translating data.”  Since that time, Azur has taken delivery of 23 units and FLYHT anticipates Azur will take delivery on the remainder of their fleet before the end of the year.

“It was great to visit the Engineering team at Antalya and discuss the capability of AFIRS and how it will benefit Azur,” remarked Mat Plamondon. “FLYHT values airlines, like Azur, that are looking for a solution that provides them with a competitive edge in the market.”

FLYHT has now shipped over 2000 AFIRS units since the Company’s inception in 1998. Approximately two-thirds of the units have been shipped to the A320/A330 production line and for retrofit through an Original Equipment Manufacturer partner as described in this press release dated July 15, 2014. The remainder have been sold directly to customers for retrofit via Supplemental Type Certificates or in post-production installations on Bombardier CRJ aircraft.

Information on AFIRS is shared on the FLYHT website, www.flyht.com.

An award to Azur for the 2000th AFIRS Unit.

About FLYHT Aerospace Solutions Ltd.

FLYHT’s mission is to improve aviation safety, efficiency and profitability (located in Calgary, Canada; publicly traded as: FLY:TSX.V; FLYLF:OTCQX). Airlines, leasing companies, fractional owners and original equipment manufacturers have installed the Automated Flight Information Reporting System (AFIRSTM) on their aircraft to capture, process and stream aircraft data with real-time alerts. AFIRS sends this information through satellite networks to the UpTimeTM cloud-based data center, which provides aircraft operators with direct insight into the operational status and health of their aircraft and enables them to take corrective action to maintain the highest standard of operational control.

Contact Information

FLYHT Aerospace Solutions Ltd.
Alana Forbes
Chief Financial Officer
403-291-7437
aforbes@flyht.com

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Reader Advisory

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.  In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the completion of the delivery of units pursuant to an agreement with a customer.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information.  Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: production rates, timing for product deliveries and installations, Canadian, U.S., and foreign government activities, volatility of the aviation market for FLYHT’s products and services, factors that result in significant and prolonged disruption of air travel worldwide, U.S. and other military activity, market prices, availability of satellite communication, foreign exchange rates, continued availability of capital and financing, and general economic, market, or business conditions in the aviation industry, worldwide political stability or any effect those may have on the FLYHT’s customer base; and the other factors.  Readers are cautioned that this list of risk factors should not be construed as exhaustive. 

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation.  Readers are cautioned not to place undue reliance on forward-looking information.

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

 

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Total Customer Flights

As of August 31, 2018

Flight hours with AFIRS onboard

As of August 31, 2018

FLY.V on TSX.V

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FLYLF on OTC QX

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