ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

FLY Flyht Aerospace Solutions Ltd

0.47
-0.03 (-6.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Flyht Aerospace Solutions Ltd TSXV:FLY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.03 -6.00% 0.47 0.465 0.53 0.475 0.47 0.475 31,401 21:00:05

Flyht Receives Order from China Express to Factory Install AFIRS on ARJ 21 Aircraft and Announces China Express as a Launch P...

09/09/2020 12:00pm

GlobeNewswire Inc.


Flyht Aerospace Solutions (TSXV:FLY)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Flyht Aerospace Solutions Charts.

FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “Flyht”) announced today that it has received an order for 20 AFIRS units that will be factory installed on the ARJ21 aircraft for China Express Airlines Co. Ltd., China’s first private regional airline. China Express will take delivery of the first 20 of an expected commitment for up to 100 of the newest aircraft type available in China over the next 5 years. China Express has also agreed to be a launch customer for Flyht’s Actionable Intelligence solution by integrating AFIRS data from both its current fleet and the incoming ARJ fleet with ground handling data from various systems.

Flyht currently has more than 2,800 aircraft equipped with the patented AFIRSTM system, and provides data analytics and reporting to more than 80 aircraft operators around the globe.

China Express stated, “Flyht has long been a valued technology partner with their AFIRS system installed on our existing fleet of CRJ and A320 aircraft. As we expand our fleet with new aircraft, we are having AFIRS installed by the manufacturer so that we can leverage real-time data immediately through the use of Flyht’s new Actionable Intelligence tools.”

Bill Tempany, Interim CEO of Flyht, said, “Our long-term relationships with our airline partners in China have been very successful and our integration into this new aircraft type being delivered as a factory installed option, is proof that our patience and dedication to this market and customer were well founded. We are also excited that China Express has agreed to be our strategic technology partner in China to take advantage of our Actionable Intelligence products.”

Based on the current installation schedule and product deployment plan, Flyht is expected to generate US$2 million in revenue from this contract over the next five years in a combination of hardware and data services. Additional revenues are expected as the Actionable Intelligence functionality is rolled out, which will be announced in due course.

About FLYHT Aerospace Solutions Ltd.

Flyht has been a pioneer in improving aviation safety, efficiency and profitability by providing insight into airline operations. Our products have allowed us to develop Actionable Intelligence tool kits based on our development of Flyht’s patented and unique aircraft certified hardware, AFIRS™, a satcom aircraft interface device which enables real-time streaming of flight information, cockpit voice and black box data streaming and TAMDAR™, which aggregates and streams airborne weather data in real-time. Flyht is headquartered in Calgary, Canada with an office in Littleton, Colorado and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

About China Express Airlines

China Express Airlines, also known as Huaxia Airlines, is China's first private regional airline. They have been a customer of Flyht since their first aircraft were delivered and take full advantages of all the features of the AFIRS system.

Contact Information:

FLYHT Aerospace Solutions Ltd.FNK IR LLC
Alana ForbesMatt Chesler, CFA
Chief Financial OfficerInvestor Relations
403.291.7437646.809.2183
aforbes@flyht.comflyht@fnkir.com
investors@flyht.com 

Join us on social media!

www.twitter.com/flyhtcorpwww.facebook.com/flyht www.slideshare.net/flyhtcorp www.youtube.com/flyhtcorp www.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.

1 Year Flyht Aerospace Solutions Chart

1 Year Flyht Aerospace Solutions Chart

1 Month Flyht Aerospace Solutions Chart

1 Month Flyht Aerospace Solutions Chart

Your Recent History

Delayed Upgrade Clock