Calgary, Alberta – December 21, 2022 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today regrets to announce that William T. “Bill” Tempany, the Company’s Interim CEO and a member of the Company’s Board of Directors, passed away unexpectedly on December 20, 2022.

The Board of Directors issued the following statement: “We are deeply saddened by the untimely passing of Bill Tempany. Our hearts go out to Bill’s family, friends, and his beloved and loyal team. He was truly a larger-than-life figure and a software and aviation pioneer, who enjoyed a long and distinguished career as a serial entrepreneur including leading the capital pool which initially took FLYHT public in 2003. Bill re-assumed the CEO role at FLYHT just over two years ago and quickly refocused the Company on a software-first strategy, introducing the Actionable Intelligence suite of solutions to help the aviation industry  operate more efficiently. While we take a moment to grieve and reflect, we remain laser-focused on safeguarding Bill’s legacy and building on the fantastic momentum he generated over the past couple of years.”

Nina Jonsson, FLYHT’s Executive Chairman, added, “Bill viewed the success of FLYHT as an important life mission and leaves the company in excellent hands. Under Bill’s leadership and dedication, FLYHT developed the Edge family of products that incorporates over 20 years of intellectual property development bundled in a 5G capable aviation solution. Perhaps Bill’s greatest legacy is his hand-picked bench of talent. For the past two years he steadfastly retained the ‘Interim’ title while he focused on strategy, M&A and capital markets.”

The Company has named Kent Jacobs, President, as Interim Chief Executive Officer. Mr. Tempany had promoted Mr. Jacobs in November 2021, to oversee day-to-day operations and to launch and commercialize the Edge. Mr. Jacobs is an aviation industry veteran of more than 25 years, and has worked side by side with Mr. Tempany for over two decades. He holds a B.Sc. in Computer Science from the University of Calgary and was also a commercial pilot, flying charters for several years. Mr. Jacobs was instrumental in the design and commercialization of FLYHT’s launch products, the AFIRS 220 and UpTime.

“Today is a sad day as I mourn the loss of my friend and mentor. I am honored and committed to carrying forward his remarkable legacy,” said Kent Jacobs.

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, which 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.

CrossConsense, FLYHT’s wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation. 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 22, 2022 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) announced today that management will participate at the Emerging Growth Conference which will be held virtually on November 30, 2022. Bill Tempany, CEO, is scheduled to host a virtual presentation on Wednesday, November 30 at 1:10 PM ET (11:10 AM MT), followed by a Q&A session. All existing and prospective shareholders are invited to listen to the webcast to learn more about the Company.

DATE: Wednesday, November 30, 2022

TIME:  1:10 PM ET (11:10 AM MT)

LINK:  https://goto.webcasts.com/starthere.jsp?ei=1575088&tp_key=b1fead5049&sti=flylf

An archived webcast of the presentation will be made available on www.emerginggrowth.com and in the Investors section of the FLYHT website at www.flyht.com/investors.

For more information about the conference or to schedule a meeting with the FLYHT management team, please contact FLYHT’s investor relations team at flyht@fnkir.com.

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, which 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.

CrossConsense, FLYHT’s wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation. For more information, visit www.flyht.com.

Contact Information:

Join us on social media!

www.twitter.com/flyhtcorp

https://www.linkedin.com/company/flyht/

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.

Company Delivers Record Revenue, Positive EBITDA and Net Income

Calgary, Alberta – November 9, 2022 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today reported financial results for the third quarter ended September 30, 2022 (“Q3 2022”). All figures are Canadian dollars unless otherwise stated.

Financial Summary

Management Commentary

“FLYHT delivered its strongest quarter in years in Q3 2022, demonstrating that the aviation industry is finally waking up to our solutions as it shifts focus from cost savings to improving efficiency and profitability,” said Bill Tempany, Interim CEO. “We generated record revenue along with positive EDITDA and positive Net Income. Revenue was $6.7 million, up 112% over last year, driven by continued SaaS growth and fulfilling on the purchase order of modems from our long-time OEM partner. EBITDA was $925k, the first positive quarter since the COVID-19 pandemic.”

Continued Tempany, “The AFIRS^TM Edge is on the verge of being a qualified product which should set the stage for large scale commercialization in 2023. We are in the final stages of lab testing before the device gets in the air for additional testing at altitude, and development on the A320 and B737 Supplemental Type Certificates (STC’s) is well underway. We are currently working on multiple large-scale requests for proposals (RFPs) for several major industry players. With the only device coming to market capable of 3G/4G/5G transmission as 3G sunsets across the globe, we believe we are in a strong position to pursue a meaningful share of the 25,000 aircraft that require these data services. This opportunity would be transformational for us.”

Concluded Tempany, “With the expected certification of the AFIRS Edge around the corner, I couldn’t be more excited about what’s in store for FLYHT. We look forward to finishing out the year with strong performance and then building on our momentum into 2023 and beyond.”

Operating Results

Revenue increased by 112% to $6,725,373 in Q3 2022 compared to Q3 2021, driven by growth in SaaS, Licensing and Technical Services.

SaaS revenue increased by 37.5% to $2,073,284 in Q3 2022. The addition of CrossConsense SaaS revenues more than offset a decrease of 2.2% in AFIRS SaaS revenues resulting from a drop in customers’ flight hours and active aircraft in some geographies. Licensing revenue increased by 252% to $3,536,153 due to increases in the number of modems and associated license fees ordered for delivery in comparative periods, as the Company began delivering on an order received in mid-Q2 2022 for US$5.65 million. Technical Services revenue increased by 577.1% to $635,872 with contributions from CrossConsense services offsetting a decrease of 15.2% from traditional services. Hardware revenue decreased by 15.4% to $480,064 offsetting a portion of the large increases in hardware shipments seen in Q1 2022. A total of 53 installation kits were shipped YTD 2022 compared with 45 shipped YTD 2021.

Gross margin was 72.4% of revenue in Q3 2022 compared to 68.2% in Q3 2021. The increase in gross margin was due primarily to changes in the mix of revenue sources during the quarter.

Operating expenses increased by 29% from Q3 2021, driven by a 53% increase in Distribution expenses and a 52% increase in Administration expenses. Research and Development and certification engineering expenses decreased by 2% compared to Q3 2021. These increases were largely driven by the addition of personnel and expenses associated with the March 2022 acquisition of CrossConsense.

Positive EBITDA[1] totaled $924,680 in Q3 2022 compared to an EBITDA loss of $811,966 in Q3 2021.

Net Income was $703,765 in Q3 2022 compared to a Net loss of $1,107,195 in Q3 2021.

Balance Sheet and Liquidity

Cash and short-term investments were $1,779,074 at September 30, 2022, compared to $4,520,591 at December 31, 2021.

Trade and other receivables increased by 157% to $4,090,042 compared to YE 2021, and Trade payables and accrued liabilities increased by 56% to $2,652,525 compared to YE 2021. The increased sales in Q3 2022 and associated costs resulted in an increase in both the receivables and payables balances.

Conference Call Information

FLYHT will host a conference call to discuss its financial results for Q3 2022 on Thursday, November 10, 2022, at 7:30 a.m. MT (9:30 a.m. ET). The conference call will include a brief presentation from FLYHT’s Interim CEO Bill Tempany and CFO Alana Forbes followed by a question-and-answer session. To access the conference call by phone within Canada and the U.S., the toll-free number is 1-800-319-4610. Outside Canada and the U.S., dial 1-604-638-5340.

Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call can do so by pressing *1. Questions can be emailed in advance or during the conference call toinvestors@flyht.com. An archive of the conference call will be posted on the Investor Communications section of FLYHT’s website following the meeting.

Additional Information

FLYHT’s Q3 2022 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.

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, which 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.

CrossConsense, FLYHT’s wholly-owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation. 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:

Join us on social media!

www.twitter.com/flyhtcorp

https://www.linkedin.com/company/flyht/

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.

[1] EBITDA: defined as earnings before interest, income tax, depreciation and amortization (a non-GAAP financial measure). 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.

Calgary, Alberta – November 3, 2022 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced that it will host a conference call to discuss results for its third quarter ended September 30, 2022 on Thursday, November 10, 2022 at 7:30 a.m. MT (9:30 a.m. ET). The conference call will include a brief presentation followed by a question-and-answer session with Bill Tempany, Interim CEO, and Alana Forbes, CFO.

To access the conference call by phone within Canada and the U.S., the toll-free number is 1-800-319-4610. Outside Canada and the U.S., dial 1-604-638-5340. Callers should dial in five to ten minutes prior to the scheduled start time. Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call can do so by pressing *1. Questions can be emailed in advance or during the conference call to investors@flyht.com.

An archive of the conference call will be posted on the Investor Relations section of FLYHT’s website as soon as it is available from the conference call provider.

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, which 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.

CrossConsense, FLYHT’s wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation. For more information, visit www.flyht.com.

Contact Information:

Join us on social media!

www.twitter.com/flyhtcorp

https://www.linkedin.com/company/flyht/

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 29, 2022 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced that its management team will participate in two upcoming investor conferences.

• OTC Markets Small Cap Virtual Investor Conference, taking place virtually on October 6, 2022. Interim CEO Bill Tempany will present at 2:00 p.m. ET (12:00 p.m. MT) followed by a question and answer session. To register: https://bit.ly/3QdrNKE.
• Windy City Roundup 2022, taking place in Chicago on October 12-13, 2022. Chairman of the Board Nina Jonsson and President Kent Jacobs will present on Wednesday, October 12, at 12:00 p.m. ET (10:00 a.m. MT). To register: https://microcaprodeo.com.

A live audio webcast and archive of both presentations will be available using the webcast links above and in the Investors section of the FLYHT website at www.flyht.com/investors.

For more information about either conference or to schedule a meeting with the FLYHT management team, please contact FLYHT’s investor relations team at flyht@fnkir.com.

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, which 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.

CrossConsense, FLYHT’s wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation. 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 – August 31, 2022 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced that it has retained Satichi Consulting Inc. (“Satichi”) for corporate development and capital markets communications services. Pursuant to an agreement between the parties, Satichi will be responsible for, among other matters, developing and executing a comprehensive and strategically aligned investor relations program focused on: (i) raising awareness in the financial community across Canada and enhancing visibility of the Company; (ii) coordinating investor roadshows in the United States in tandem with FNK IR LLC; and (iii) assisting in the preparation of corporate materials.

Based in Toronto, Ontario, Satichi is an independent consulting company, wholly owned and managed by Daniel Kim. Mr. Kim has been in the investment banking industry for 25 years and was the head of research at his previous investment boutiques and was the lead technology research analyst. Mr. Kim has an M.B.A. from Queen’s School of Business and a B.Sc. from the University of Toronto.

Under the terms of the agreement, Satichi will receive CAD$5,000 per month from FLYHT with an initial term of 12 months and thereafter on a month-to-month basis. Either party may terminate the agreement by providing 60 days written notice. Subject to TSX approval, under this agreement, Satichi will be granted 120,000 stock options at an exercise price per share equal to the Company’s market price of the shares on the date of issuance and subject to the pricing rules of the TSX Venture Exchange in relation to options. The options will be subject to the vesting of 30,000 per quarter over the calendar year and shall be exercisable until August 10, 2026. The options are subject to the terms of the Company’s stock option plan and the stock option agreement and will be subject to regulatory hold periods.

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, which 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.

CrossConsense, FLYHT’s wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation. 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, Canada – August 30, 2022 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced that the company has joined IATA’s Aviation Cyber Security Strategic Partnerships program.

A safe and secure airline industry is a key priority for FLYHT. As an IATA Strategic Partner, FLYHT will be at the forefront of industry initiatives to ensure the highly effective mitigation of cyber security risks. This includes contributing to the development of industry standards, influencing the cyber security regulatory environment for aviation, and collaborating with other aviation leaders on mutual concerns and emerging issues.

Jeff Viens – Director of Security for FLYHT, stated, “Security threats against airlines and airports continue to evolve.  And with the increasing digitization of the industry – including the progression towards the ‘connected aircraft’ – airlines and their industry partners are working diligently to protect aircraft, data, and technological systems against a range of digital threats. It’s exciting for FLYHT to be collaborating with other industry leaders in this effort through IATA’s Strategic Partnerships program. It gives us such a great opportunity to make a meaningful contribution to the future of aviation cyber security.”

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, which 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.

CrossConsense, FLYHT’s wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation. 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 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:

FLYHT Aerospace Solutions Ltd.               FNK IR LLC                       

Alana Forbes                                                  Matt Chesler, CFA

Chief Financial Officer                                   Investor Relations

403.291.7437                                                   646.809.2183

aforbes@flyht.com                                         flyht@fnkir.com

investors@flyht.com

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.

Scott Chambers named VP Sales and Marketing and Murray Skelton named VP Business Development

Calgary, Alberta – August 11, 2022 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced two additions to its leadership team effective September 1, 2022. Both additions bring significant experience and expertise to its commercial organization and improve the Company’s go-to-market position.

• Scott Chambers has been named Vice President Sales and Marketing. Scott brings over a quarter of a century of aviation sales and market experience, most recently as Director of Sales, Americas at Teledyne Controls.
• Murray Skelton has been named Vice President Business Development. Murray adds 23 years of aviation product development, marketing and direct sales experience. He formerly served as Senior Director of Business Development and headed the EMEA (Europe, Middle East, Africa) sales effort for the last two years at Teledyne Controls. He brings a wealth of customer and market knowledge to FLYHT through more than two decades of aviation experience in product development, direct marketing and a proven sales record.

Bill Tempany, Chief Executive Officer of FLYHT, stated, “Attracting the caliber of individuals such as Scott and Murray to our organization is important, occurring at a critical time as the aviation industry continues to recover and as FLYHT asserts its growing prominent position. As we execute on our U.S. and European sales growth strategy, we are building a team of highly experienced industry executives and these two new team members are an invaluable addition.”

Mr. Chambers commented, “FLYHT has tremendous potential, between its technology, products and people, and I look forward to collaborating with the entire team to convert that potential into a reality.”

Mr. Skelton added, “The team at FLYHT are innovative, motivated and with new products launching in the market very soon, I am excited about the prospects. It is also going to be great working with former colleagues again.”

Derek Taylor will transition from VP Sales and Marketing to VP Strategic Opportunities. This change for Mr. Taylor will allow him to focus more directly on the types of opportunities that he has so successfully closed for FLYHT in the past. “As FLYHT expands our Sales team, working closely with Scott and Murray represents an opportunity for FLYHT to engage the industry in a powerful way. I am excited to welcome them to our team and to begin working together.”

In keeping with previous practice, FLYHT has granted incentive options for an aggregate of 40,000 common shares, subject to regulatory approval under the stock option plan approved at the Annual and Special Meeting held on May 4, 2022. The stock options are exercisable at a price of $0.82 per share. These options will vest 1/3 on each of August 10, 2023, 2024 and 2025, and will expire on August 10, 2026. A maximum of 10% of the issued and outstanding shares are reserved under the Company’s stock option plan. The options, and any common shares issued upon exercise of the stock options, are subject to a four-month resale restriction.

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, which 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.

CrossConsense, FLYHT’s wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation. For more information, visit www.flyht.com.

Contact Information:

FLYHT Aerospace Solutions Ltd.                FNK IR LLC                       

Alana Forbes                                                  Matt Chesler, CFA

Chief Financial Officer                                   Investor Relations

403.291.7437                                                    646.809.2183

aforbes@flyht.com                                         flyht@fnkir.com

investors@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 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.

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.