Calgary, Alberta – December 16, 2024 – FLYHT Aerospace Solutions Ltd. (“FLYHT” or the “Company”) (TSX-V: FLY) (OTCQX: FLYLF) is pleased to announce that holders (the “Company Shareholders”) of its common shares (the “Common Shares”) have voted in favour of the previously announced acquisition of FLYHT by Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) (“FTG”) by way of plan of arrangement under the Canada Business Corporations Act (the “Arrangement”) at FLYHT’s special meeting of shareholders (the “Meeting”) held on December 16, 2024. The completion of the Arrangement required the approval of at least two‐thirds of the votes cast at the Meeting in person or by proxy by Company Shareholders.

The voting results from the Meeting are as follows:

Subject to receipt of a final order in respect of the Arrangement from the Court of King’s Bench of Alberta and satisfaction or waiver of the other conditions to closing contained in the arrangement agreement between FLYHT and FTG dated October 21, 2024, the Arrangement is expected to close on or about December 20, 2024.

About FLYHT Aerospace Solutions Ltd.
FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products, AFIRS™. Solutions include an aircraft satcom/interface device that enables cockpit voice communications, the transmission of aircraft data both inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. FLYHT’s hardware products can also be interfaced with FLYHT’s proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time. FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

About Firan Technology Group Corporation
FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units:

FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts and a joint venture in Tianjin, China.

FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and electronic assemblies for original equipment manufacturers of aerospace and defence equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, and Tianjin, China.

FTG’s common shares are traded on the Toronto Stock Exchange under the symbol FTG.

Cautionary Note Regarding Forward-Looking Statements
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. Although FLYHT believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. FLYHT 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 founded on the basis of expectations, assumptions and hypotheses made by the Company, including, but not limited to projected revenues. Such forward-looking information is 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 global economic conditions; industry conditions, and supply chain delays. 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. FLYHT undertakes 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.

Contact 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.

Calgary, Alberta – December 12, 2024 – FLYHT Aerospace Solutions Ltd. (“FLYHT” or the “Company”) (TSX-V: FLY) (OTCQX: FLYLF) today announced that it has signed a multi-year contract renewal to provide recurring software services for a military customer located in the Middle East. The renewed agreement will help the end customer to continue to improve flight operations and maximize its efficiency.

The customer is renewing a suite of software, voice and data services across its fleet of 23 C-130 Hercules aircraft. This includes FLYHTLog TM (automated block and flight times), FLYHTFollow TM (global flight tracking and alerting), two-way text messaging and satcom voice. “We are honored to extend these services to support the end customer’s military operations,” commented Derek Taylor, VP Strategic Opportunities at FLYHT. “This multi-year renewal further validates the value of the AFIRS solution for their ongoing operational requirements and missions.”

This contract renewal is valued at approximately US$1.9 million, provided that all services are delivered over the three-year term of the agreement.

About FLYHT Aerospace Solutions Ltd.
FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products, AFIRS™. Solutions include an aircraft satcom/interface device that enables cockpit voice communications, transmission of aircraft data both while inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. FLYHT’s hardware products can also be interfaced with FLYHT’s proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

Cautionary Note Regarding Forward-Looking Statements
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 projected revenues and related matters. Although FLYHT believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. FLYHT 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 founded on the basis of expectations, assumptions and hypotheses made by the Company, including, but not limited to projected revenues. Such forward-looking information is 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 global economic conditions; industry conditions, and supply chain delays. 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. FLYHT undertakes 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.

Contact 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.

Calgary, Alberta – November 25, 2024 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced that it has sent (via courier), to all registered FLYHT shareholders, the management information circular (the “Circular”) and related materials for the special meeting (the “Meeting”) of FLYHT shareholders (the “Company Shareholders”) to be held at 9:00 a.m. (Calgary time) on December 16, 2024 to approve the previously announced plan of arrangement under the Canada Business Corporations Act (the “Arrangement”), pursuant to which Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) (“FTG”) will, if the Arrangement becomes effective, acquire all of the issued and outstanding common shares of FLYHT (the “Common Shares”) in a cash and share transaction valued at approximately CAD$13.2 million, all as more particularly described in the Circular (the “Transaction”) and FLYHT’s news release dated October 21, 2024. The Circular and related materials for the Meeting have also been filed on FLYHT’s profile on SEDAR+ at www.sedarplus.ca and have also been posted to the FLYHT’s website at www.flyht.com/investors/financial-reports/.

FLYHT is aware that, as a result of the national strike commenced by the Canadian Union of Postal Workers on November 15, 2024 (the “Strike”), Canada Post’s operations have shut down. In order to facilitate the delivery of the Circular and related materials for the Meeting to non-registered Company Shareholders in the event that the Strike, lockout or similar or related events prevent, delay or otherwise interrupt delivery of Circular and related materials for the Meeting to non-registered Company Shareholders in Canada in the ordinary course by the applicable intermediaries, FLYHT will deliver, by email, a copy of the Circular and related materials for the Meeting to each registered or non-registered Company Shareholder who requests (please direct any requests for copies of the Circular and related materials for the Meeting to: investors@flyht.com).  Non-registered Company Shareholders are also encouraged to contact the proxy department at their broker or other intermediary (where their Common Shares are held) who can assist them with the voting process. Non-registered Company Shareholders must follow the voting instructions provided by their broker or other intermediary and will need their specific 16-digit control number to vote via www.proxyvote.com.

Under the Arrangement, FLYHT shareholders may elect to receive, for each Common Share held (i) CAD$0.1103 in cash and 0.0333 common shares of FTG (“FTG Shares”), (ii) CAD$0.3379 in cash, or (iii) 0.0495 FTG Shares, in each case subject to pro-ration (collectively, the “Consideration”). The Consideration will be subject to maximum aggregate cash consideration of CAD$4.3 million and 1,300,000 FTG Shares. Shareholders who do not make an election will be deemed to have elected to receive a combination of cash and FTG Shares for their Common Shares.

The Meeting is scheduled to be held virtually on December 16, 2024 at 9:00 a.m. (Calgary time) via virtual audio teleconference call (FLYHT shareholders must pre-register at least 48 hours in advance at https://dpregister.com/sreg/10194147/fdde44ae8d ).  Company Shareholders of record as of the close of business on November 6, 2024 are entitled to receive notice and vote at the Meeting.

The board of directors of FLYHT, after evaluating the Arrangement with management and FLYHT’s advisors, including receipt of a fairness opinion from KSV Advisory Inc., has unanimously determined the Arrangement is in the best interests of FLYHT and is fair to Company Shareholders and unanimously recommends that Company Shareholders vote FOR the Arrangement.

On November 8, 2024, the Court of King’s Bench of Alberta (the “Court”) granted an interim order providing for the calling and holding of the Meeting and certain other matters related to the Meeting and the Arrangement. A copy of the interim order is included in the Circular.  Such interim order was amended by the Court on November 19, 2024 (to facilitate the delivery of the Circular and related materials for the Meeting to non-registered Company Shareholders via email where requested).  The hearing date for the application for the final order of the Court (the “Final Order”) is December 18, 2024. Subject to obtaining the required approval of the Company Shareholders at the Meeting, the Final Order and the satisfaction or waiver of other customary closing conditions contained in the arrangement agreement entered into between FLYHT and FTG on October 21, 2024, the Arrangement is anticipated to be completed in the fourth quarter of 2024.  The Circular provides important information on the Arrangement and related matters, including voting procedures and instructions for shareholders unable to attend the Meeting. Company Shareholders are urged to read the Circular and its schedules carefully and in their entirety. The Circular, the related materials for the Meeting and the amended interim order are all available on SEDAR+ under FLYHT’s profile at www.sedarplus.ca. Company Shareholders who have questions regarding the Arrangement or require assistance should consult their financial, legal, tax or other professional advisor.

About FLYHT Aerospace Solutions Ltd.
FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products, AFIRS™. Solutions include an aircraft satcom/interface device that enables cockpit voice communications, transmission of aircraft data both while inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. FLYHT’s hardware products can also be interfaced with FLYHT’s proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time. FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

About Firan Technology Group Corporation
FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units:

FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts and a joint venture in Tianjin, China.

FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and electronic assemblies for original equipment manufacturers of aerospace and defence equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, and Tianjin, China.

FTG’s common shares are traded on the Toronto Stock Exchange under the symbol FTG.

Cautionary Note Regarding Forward-Looking Statements
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. Although FLYHT believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. FLYHT 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 founded on the basis of expectations, assumptions and hypotheses made by the Company, including, but not limited to projected revenues. Such forward-looking information is 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 global economic conditions; industry conditions, and supply chain delays. 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. FLYHT undertakes 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.

Contact 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.

Calgary, Alberta – November 13, 2024 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today reported financial results for the third quarter ended September 30, 2024 (“Q3 2024”). All figures are Canadian dollars unless otherwise stated.
Financial Summary

Three Months Ended September 30

Nine Months Ended September 30

Operating Results
Revenue decreased by 14% to $4,398,225 in Q3 2024 compared to Q3 2023, driven by declines in SaaS and Licensing, which more than offset increases in Hardware and Technical Services. SaaS revenue decreased by 22% to $2,167,003, driven by a decrease in TAMDAR soundings, and Licensing revenue decreased by 95% to $22,889 due to differences in orders from our long-term OEM customer. Hardware revenue increased 6% to $1,061,822 with a total of 11 installations kits shipped in Q3 2024 compared to 18 kits shipped in Q3 2023, mainly due to installation schedules for our contracted AFIRS 228 product and per kit pricing variances. Technical Services revenue increased by 41% to $1,146,511 due to an increased amount of AMOS data migration work completed and an increase in certification services provided.

Gross margin was 56.8% of revenue in Q3 2024 compared to 58.7% in Q3 2023. The increase in gross margin was due primarily to changes in the mix of revenue sources during the quarter.

Operating expenses increased by 24% from Q3 2023, mainly driven by $719,508 of non-recurring expenses associated with the restructuring. Excluding the non-recurring costs, operating expenses would have increased by 4%. Distribution expenses increased by 13%, reflecting an increased focus on sales and marketing for our Edge products. Research, Development and Certification Engineering expenses increased by 8%, mainly driven by contract labour reflecting the final push required to complete the AFIRS Edge+ and FLYHT-WVSS-II development work, moving those products into their new phase of commercialization, including required certifications. Administration expenses increased by 62% mainly due to the restructuring.

Negative Adjusted EBITDA[1] totaled $1,034,678 in Q3 2024, excluding $719,508 of non-recurring restructuring expenses, compared to negative EBITDA of $430,865 in Q3 2023.

Net loss was $2,244,504 in Q3 2024 compared to a net loss of $728,655 in Q3 2023.

Balance Sheet and Liquidity
Cash and short-term investments totaled $1,289,217 at September 30, 2024, compared to $1,542,203 at December 31, 2023.

Trade and other receivables decreased by 25% to $2,175,408 compared to YE 2023, and Trade payables and accrued liabilities increased by 13% to $3,505,481 compared to YE 2023.

Additional Information
FLYHT’s Q3 2024 Report, which contains more detailed information including the CEO’s Letter to Shareholders, Management Discussion and Analysis and Financial Statements, can be accessed on the Company’s website. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

[1] Adjusted EBITDA: defined as earnings before interest, income tax, depreciation and amortization, less non-recurring restructuring costs (a non-GAAP financial measure). Adjusted EBITDA is provided to aid in analysis and profitability comparisons among companies and industries, by segregating operating results from the effects of financing and capital expenditures.

About FLYHT Aerospace Solutions Ltd.
FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products. These include AFIRS™, an aircraft satcom/interface device that enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight. The AFIRS Edge is a state-of-the-art 5G Wireless Quick Access Recorder (WQAR), Aircraft Interface Device (AID), and Aircraft Condition and Monitoring System (ACMS). The Edge can be interfaced with FLYHT’s TAMDAR probe or the FLYHT-WVSS-II relative humidity sensor to deliver airborne weather and humidity data in real-time.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

Contact 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.

Calgary, Alberta – November 13, 2024 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced that it received an order from WestJet Airlines, Ltd. to install the Company’s TSO approved AFIRS™ 228S satcom solution on WestJet’s fleet of Boeing 737 MAX-10 aircraft.

“As we execute on our fleet growth and modernization plan, FLYHT’s Iridium satcom solution provides us with the long-range data and voice communications that we require, while enabling us to maintain fleet commonality across our aircraft types,” said Gandeephan Ganeshalingam, WestJet Vice-President Technical operations. “We are pleased with FLYHT’s solutions on our 737 MAX-8 and 737NG aircraft, and are confident to utilize the product following the delivery of our Boeing 737 MAX-10 aircraft.”

“WestJet’s order of the AFIRS 228S TSO for their fleet of Boeing 737 MAX-10 aircraft expands our long-standing and valued relationship and is the latest demonstration of the strength of our AFIRS 228 product line,” commented Darrel Deane, Chief Revenue Officer at FLYHT. “The solution enables WestJet and other airlines with MAX-10 aircraft on order to install and activate the AFIRS 228S TSO for safety services functions immediately after delivery. This contract deepens our relationship with WestJet and opens up additional growth potential for FLYHT.”

This increase to the contract previously announced in 2020 is valued at approximately US$900,000, provided that all products and services are delivered over the contract term.

About FLYHT Aerospace Solutions Ltd.
FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products. These include AFIRS™, an aircraft satcom/interface device that enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight. The AFIRS Edge is a state-of-the-art 5G Wireless Quick Access Recorder (WQAR), Aircraft Interface Device (AID), and Aircraft Condition and Monitoring System (ACMS). The Edge can be interfaced with FLYHT’s TAMDAR probe or the FLYHT-WVSS-II relative humidity sensor to deliver airborne weather and humidity data in real-time.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

Cautionary Note Regarding Forward-Looking Statements

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 projected revenues and related matters. Although FLYHT believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. FLYHT 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 founded on the basis of expectations, assumptions and hypotheses made by the Company, including, but not limited to projected revenues. Such forward-looking information is 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 global economic conditions; industry conditions, and supply chain delays. 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. FLYHT undertakes 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.

Contact 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.

Airline Partner to Leverage FLYHT’s Weather Solutions to Provide NOAA with Critical Real-Time Humidity Data

Calgary, Alberta – September 19, 2024 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced that WestJet Airlines has agreed to collaborate with the Company and the National Oceanic and Atmospheric Administration (NOAA) to improve the accuracy of weather forecasts and the prediction of localized severe weather in North America. The partnership with WestJet will focus initially on providing NOAA with additional humidity, temperature and wind observations in the data sparse regions over the Pacific where the airline flies routes.

As the airline partner to this important NOAA weather program, WestJet will install FLYHT’s weather solutions on three Boeing 737 MAX and two Boeing 737-800NG aircraft flying Pacific routes. Each installation will include a package of FLYHT-WVSS-II atmospheric water vapor sensors to continuously monitor environmental conditions around the aircraft during flight. The sensors will be fully integrated with FLYHT’s Edge multi-channel WQAR and Certus SatCom for real-time in-flight communication and data transmission. Thereafter, the aircraft-based observations (ABO) data will flow through the National Mesonet Program to provide NOAA with enroute data as well as vertical profiles of wind, temperature and moisture.

The readings will provide NOAA with valuable atmospheric data to fill in coverage gaps provided by other observing systems. One such gap is the geographic region off the West Coast of the United States and extending westward and southward into the central tropical Pacific Ocean – an area well-known for the “Atmospheric River” phenomena which can occasionally result in flooding rainfalls and heavy mountain snows in the Western U.S. Quantifying the amount of moisture in the atmosphere will result in better forecasts that will be of great value for public safety and water resources communities.

“We’re honored to welcome WestJet as the airline partner for FLYHT’s expanded weather program with NOAA,” commented Murray Skelton, VP Business Development and Weather Solutions. “WestJet is a forward-thinking organization that flies routes over data sparse regions of the Pacific Ocean, making them ideally suited to capture the coverage gaps that exist with the current humidity observations being provided to NOAA. We’re excited to move this initiative with NOAA forward and expand our relationship with WestJet.”

“WestJet is proud to partner with FLYHT and NOAA, as we leverage their innovative solutions to improve our weather forecasting accuracy, which further enhances our ability to increase safety and improve fuel efficiency through optimized flight planning,” said Scott Wilson, WestJet, Vice-President, Operations.

Said Curtis Marshall, Ph.D., Director of the NWS Commercial Data Program and Chair of the WMO Expert Team on Aircraft Based Observations, “We are pleased to partner with FLYHT and WestJet for the installation of water vapor sensors on aircraft, the first such installations in a decade on aircraft to provide meteorological observations to NWS, and in this data void region of the Pacific where we expect additional observations to improve our forecasts.”

The initial hardware installs are expected to commence in early 2025 and are being funded with FY 2023 appropriations of $500,000 that FLYHT was awarded in September 2023 (see here).

About FLYHT Aerospace Solutions Ltd.

FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products, AFIRS™. Solutions include an aircraft satcom/interface device that enables cockpit voice communications, the transmission of aircraft data both inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. FLYHT’s hardware products can also be interfaced with FLYHT’s proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

Cautionary Note Regarding Forward-Looking Statements

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 anticipated/projected revenues and related matters. 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 founded on the basis of expectations, assumptions and hypotheses made by the Company, including, but not limited to projected revenues. Such forward-looking information is 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: general economic conditions in Canada, the United States and globally; industry conditions, and supply chain delays. 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.

Contact 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.

Calgary, Alberta – September 18, 2024 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced the successful integration of the Company’s industry leading 5G AFIRS EdgeTM solution with Air North, Yukon’s Airline into their Boeing 737 NG operations bringing efficiencies such as automated post-flight data download for their flight safety program, Aircraft Interface Device (AID) functionality to connect the pilots to key aircraft data, and power over Ethernet to charge iPads to enhance cockpit crew operation. FLYHT’s AFIRS 228 Iridium SatCom will power Air North’s real-time access to FLYHTHealth™, FLYHTLog™, aircraft tracking, and voice services, while the Edge provides reports on aircraft system health and flight data downloads.

Per the agreement signed in October 2023, Air North has agreed to purchase FLYHT’s innovative hardware and software services as part of the Yukon airline’s fleet renewal plans. In June 2024, Air North was the STC partner on Boeing 737 NG aircraft for the AFIRS Edge.

“The commencement of Edge 5G data transfer operations at Air North validates the technology that we have pioneered with the flange version of the Edge,” commented Derek Taylor, Vice President of Strategic Opportunities at FLYHT. “Air North has been our trusted STC partner, and we are excited to provide them with wireless access to their aircraft data.”

Joe Sparling, Air North’s President and CEO, said, “The next generation technology provided by the Edge allows us to meet our goals to improve connectivity and realize greater operational efficiencies. We look forward to installing the solution on additional aircraft as we modernize our B737 Classic fleet.”

Find out more here about the AFIRS Edge, the world’s first 5G wireless quick access recorder (WQAR) and aircraft interface device (AID): https://flyht.com/airborne-hardware/afirs-edge/.

About Air North, Yukon’s Airline

Based out of Whitehorse, Yukon, Canada, Air North operates a fleet of Boeing 737 jets and ATR 42 turboprops on routes throughout Yukon and to the Northwest Territories, British Columbia, Alberta, and seasonally to Ontario. The airline was founded in 1977 and is 49% owned by the Vuntut Gwitchin First Nation, with one in 15 Yukoners having an equity or employment stake in the airline. In 2020, Air North received the Travellers’ Choice Award for Best Airline in Canada and Best Airline (Specialty and Leisure) in North America based upon passenger reviews.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products, AFIRS™. Solutions include an aircraft satcom/interface device that enables cockpit voice communications, transmission of aircraft data both while inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. FLYHT’s hardware products can also be interfaced with FLYHT’s proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

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