FLY Flyht Aerospace Solutions Ltd

(TSX VENTURE:FLY) - FLYHT Aerospace Solutions Ltd. ("FLYHT") reported today that
it has signed a contract with a Nigerian airline for the Automated Information
Reporting System ("AFIRS(TM)") 228.


The contract requires FLYHT to install the AFIRS 228 on five McDonnell Douglas
MD-83 aircraft for a domestic operator in Nigeria. The airline will use AFIRS to
provide real-time flight data monitoring and to assist in achieving maintenance
and operational efficiencies. The customer will benefit from all AFIRS 228
features including automated Out, Off, On and In times, engine trending,
airframe and engine exceedances, flight tracking and satellite voice
communications. 


The airline is another operator in Nigeria taking steps to follow the
recommendations of the Nigerian Civil Aviation Authority ("NCAA"), to implement
an intelligent flight tracking system to increase safety and improve efficiency.


"FLYHT is pleased to continue to support the Nigerian aviation community's
initiatives to increase safety and efficiency," said Bill Tempany, CEO of FLYHT.
"This contract continues to build on the NCAA's vision for the Nigerian aviation
industry. We are very happy to support the initiatives being taken by the
regulators to improve operational safety through visibility of real time
information on aircraft owned and operated in their airspace."


FLYHT will provide equipment and services to the airline over a five year
contract. Installations are anticipated to begin in the first quarter of 2013.
If FLYHT completes installation on all contracted aircraft and provides
recurring service for the full term of the agreement, gross revenue to FLYHT
will be approximately $1,008,250 USD, excluding optional services. The
installations will commence upon AMA receiving all necessary certifications and
no issues are anticipated for the completion of the certification.


AFIRS 228 is FLYHT's next-generation flagship product. It will provide a fully
certified avionics platform capable of meeting all air navigation communications
requirements in Europe, the United States and other jurisdictions around the
world. It will also provide the input and outputs necessary to enhance the value
of real-time data for FLYHT's customers globally. The AFIRS 228S will be the
first safety services certified platform on the planet to provide black box data
streaming via FLYHTStream(TM), FLYHT's patent pending solution.


About FLYHT Aerospace Solutions Ltd. 

FLYHT provides proprietary technological products and services designed to
reduce costs and improve efficiencies in the airline industry. The Company has
patented and commercialized three products and associated services currently
marketed to airlines, manufacturers and maintenance organizations around the
world. Its premier technology, AFIRS(TM) UpTime(TM), allows airlines to monitor
and manage aircraft operations anywhere, anytime, in real time. If an aircraft
encounters an emergency, FLYHT's triggered data streaming mode, FLYHTStream(TM),
automatically streams vital data, normally secured in the black box, to
designated sites on the ground in real-time. In May 2012 the trading symbol was
changed from AMA to FLY in conjunction with a name change from AeroMechanical
Services Ltd. to FLYHT Aerospace Solutions Ltd.


AFIRS, UpTime, FLYHT, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace
Solutions Ltd.


Join us on social media! 

www.facebook.com/flyht 

www.twitter.com/flyhtcorp 

www.slideshare.net/flyhtcorp 

www.youtube.com/flyhtcorp

www.flyht.com 

FOR FURTHER INFORMATION PLEASE CONTACT: 
FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com


The Howard Group Inc.
Dave Burwell, Senior Associate
Investor Relations
(888) or (403)-221-0915

Flyht Aerospace Solutions (TSXV:FLY)
Historical Stock Chart
From Jun 2024 to Jul 2024

Flyht Aerospace Solutions (TSXV:FLY)
Historical Stock Chart
From Jul 2023 to Jul 2024