Flyht Receives Order from China Express to Factory Install AFIRS on ARJ 21 Aircraft and Announces China Express as a Launch P...
September 09 2020 - 7:00AM
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 Forbes |
Matt Chesler, CFA |
Chief Financial Officer |
Investor Relations |
403.291.7437 |
646.809.2183 |
aforbes@flyht.com |
flyht@fnkir.com |
investors@flyht.com |
|
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