FLYHT signs US 740K deal expansion with Azur Aviation

FLYHT signs US 740K deal expansion with Azur Aviation

Calgary, Alberta – January 14, 2019 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce that existing customer Azur Havacilik A.S (Azur Aviation), based in Antalya, Turkey has selected FLYHT to add additional capabilities to meet Future Air Navigation System (FANS) regulatory requirements. This represents an expansion of the ongoing relationship between FLYHT and Azur Aviation (previously announced October 17, 2017), with this additional Automated Flight Information Reporting System (AFIRS) hardware contract that is valued at US$740,000, expected to be delivered this year.

The latest FANS technology will enable Azur Aviation to fly the most efficient oceanic routes to save both time and fuel, thus improving their global operations. “FLYHT continues to provide advanced solutions to Azur, enabling our mixed fleet to reduce costs relating to long-range communication through innovative product design. Moreover, FLYHT is not solely an equipment provider such as their competitors. FLYHT also has the capability to generate the installation engineering package, which makes this co-operation so strong” said Salih Dinç, Azur’s Engineering Manager.

“We are excited about deepening our relationship with Azur Aviation, fostering a value-added partnership” said Jeff Rex, FLYHT’s Vice President, Sales and Marketing. Mr. Rex added “In keeping with our strategic plans, the Middle East continues to represent a region where we feel FLYHT can grow”.

FLYHT’s customers who already have AFIRS installed can easily add a FANS solution utilizing an existing antenna, without the requirement of an additional antenna hull penetration.

 

About FLYHT Aerospace Solutions Ltd.

FLYHT’s mission is to improve aviation safety, efficiency and profitability. Globally, for over 20 years, airlines, leasing companies, fractional owners and original equipment manufacturers have installed FLYHT’s aircraft and enterprise-based solutions to deliver real-time, flight-deck, satellite connectivity for tracking, health monitoring, and streaming of operational, maintenance and weather data. FLYHT is based in Calgary, Canada with an office in Littleton, Colorado and is an AS9100 Quality registered company.

For more information visit www.flyht.com.

Contact Information:

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

Adelaide Capital Markets Inc.
Deborah Honig
Investor Relations
647-203-8793
deborah@adelaidecapital.ca

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Total Customer Flights

As of June 30, 2019

Flight hours with AFIRS onboard

As of June 30, 2019

FLY.V on TSX.V

 Updated: 2019-07-17 - 10:47:20 Symbol: FLY.V 
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FLYLF on OTC QX

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