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May 20, 2019 FLYHT Research Report Updated by KRC Insights.
March 17, 2019 FLYHT Financial Research Report prepared by KRC Insights. Author Bruce Krugel is an active participant in the Canadian small cap market with over 22 years’ experience, formerly both as an Equity Research Analyst and an Equity Salesperson at Canadian institutional brokerages. This background allows him to provide a unique perspective to his consulting clients by merging his in-depth experience in the capital markets with his love of macro-economic trends and valuation knowledge.
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.
FLYHT’s unique ability to capture, process, and transmit data, coupled with real-time alerts provides airlines with direct insight into the operational status and health of their aircraft and enables them to take corrective action in order to maintain the highest standard of operational control.
Customers have benefited from the real-time data provided by the AFIRS technology to help streamline their operations and improve their safety while saving them money.
PROBLEM: In one case, an AFIRS notification of high engine vibrations prompted a customer to take the aircraft out of service to examine the engine. Upon inspection, a serious mechanical flaw was found in the turbine that would have resulted in engine failure if it had continued to operate.
SOLUTION: AFIRS provided monetary and safety benefits to the customer, directly avoiding outlay of $5.2 million for a replacement engine and instead affording the customer the option to expend $780,000 on a timely engine repair.