FLYHT Signs USD $2.1 Million Sales Contract with Azur Aviation

FLYHT Signs USD $2.1 Million Sales Contract with Azur Aviation

Calgary, Alberta – October 17, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce the sale of its Automated Flight Information Reporting System (AFIRSTM) and FLYHTLogTM services to Azur Havacilik A.S (Azur Aviation), based in Antalya, Turkey.

The value of FLYHT’s agreement with Azur Aviation is USD $2.1 million, assuming the Company provides hardware over the full term of the five (5) year contract. Additional subscription data services may be added in the future, further increasing the value of the sales contract.

FLYHT has all of the necessary Supplemental Type Certificates (STC’s) to complete installation on Azur Aviation’s fleet of B767, B737 and B757 aircraft. Installations are anticipated to begin in the first quarter of 2018.

“FLYHT will provide an advanced and innovative solution for Azur’s long-range communication needs and for complying with GADSS standards,” said Mr. Salih Dinc, Engineering Manager of Azur Havacilik. “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.”

“Azur Aviation is FLYHT’s first customer in the Middle East for 2017, which was one of our corporate goals for this year,” said David Perez, the Company’s Vice President of Sales and Marketing. Mr. Perez added, “Azur is a recognized airline in the region and our agreement with them helps establish a firmer foothold for FLYHT in the region.”

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.
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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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 October 31, 2017

Flight hours with AFIRS onboard

As of October 31, 2017

FLY.V on TSX.V

 Updated: 2017-11-23 - 16:00:00 Symbol: FLY.V 
Open: $2.16
Volume: 33428
Last: $2.15
Day Hi: $2.24
Change: $-0.05
Day Low: $2.15

FLYLF on OTC QX

 Updated: 2017-11-22 - 16:00:00 Symbol: FLYLF 
Open: $1.82
Volume: 1000
Last: $1.77
Day Hi: $1.82
Change: $-0.08
Day Low: $1.74