Calgary, Alberta – May 10, 2021 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce it has granted incentive stock options for an aggregate 248,355 common shares, subject to regulatory approval, to employees, officers and directors under the stock option plan approved at the Annual and Special Meeting held on May 6, 2021.
The stock options are exercisable at a price of $0.57 per share. The options will vest 1/3 on each of May 6, 2022, 2023 and 2024 and will expire on May 6, 2025. 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, delivering industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by FLYHT’s patented aircraft certified hardware products including 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, view our latest presentation here, or visit www.cn.flyht.com
— Cash Balance Steady with Last Year Due to Disciplined Cost Control —
— SaaS Revenue Represented 57% of Total, Driving 57% Gross Margins —
— Preparing for “Go Live” with First Actionable Intelligence Launch Partner–
Calgary, Alberta – May 5, 2021 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today reported financial results for the first quarter ended March 31, 2021.
“The first quarter results reflect what we expect to be the worst of the pandemic’s impact on travel and our business,” said Bill Tempany, Interim CEO. “We are already observing many of our customers actively readying their operations for the expected return of passengers to the skies. FLYHT will be there to support their recovery with existing and new solutions, executing on our exciting strategic initiatives. We expect to show significantly improved financial performance over the coming quarters as vaccinations unleash pent-up demand for travel, and as airlines recover their ability to deliver services to their customers. The impact of trained pilots, suitable aircraft configuration sand government regulations all will continue to be factors.
Tempany continued, “As has been the case in prior quarters, we saw mixed performance across geographies, customer categories and service lines. This is likely to continue even in recovery and reflects the strategic diversification of our global business and uneven pace of the recovery. Strength in cargo and specialty carriers, which collectively represent approximately 19% of our business, was more than offset by a lack of international and business travel which remain restricted due to closed borders and continued social distancing. Despite this, we shipped 17 AFIRS hardware kits in the first quarter which was up from only 3 in Q1 2020; licensing improved sequentially from the prior two quarters; and even with these headwinds, we held the line on cash compared to last year.”
“There is a lot of excitement in the halls at FLYHT. We are launching new products and services within our Actionable Intelligence suite and the AFIRS family of products which cover a wide spectrum of aircraft, communication methods, and geographies. As we announced on May 4 we have also recently signed on a new customer, Waltzing Matilda.”
Concluded Tempany, “We are well-positioned, given our cash reserves and current recovery trends, to see a significant improvement in our operating results as we move through 2021 and 2022 as the vaccination rollout continues and pandemic related travel restrictions dissipate.”
First Quarter 2021 Financial Overview
Total revenue decreased by 49% to $2,691,275 compared to the first quarter of 2020. This decline was attributable to decreases in SaaS and Licensing revenue partially offset by increases in Hardware and Technical Services revenue. SaaS revenue decreased by 44% from a record high in Q1 2020 to $1,539,825 and Licensing revenue decreased by 92% from Q1 2020 to $182,181. Hardware revenue increased 265% from Q1 2020 to $831,704 and Technical Services revenue increased by 111% from Q1 2020 to $137,565.
Gross margin was 57% of revenue compared to 75% in the first quarter of 2020. The decrease in gross margin was due primarily to changes in the mix of revenue sources during the quarter, as Q1 2021 revenue included a larger contribution from Hardware, which has the lowest gross margin among revenue sources, compared to Q1 2020.
Operating expenses decreased by 49% from the first quarter of 2020, with all categories contributing to the decrease. Distribution expenses by 52%, Administration expenses by 30%, and Research and Development and certification engineering expenses by 1%. This decrease reflects the Company’s cost containment efforts.
Negative EBITDA[1] totaled $1,000,616 in the quarter compared to positive EBITDA of $729,438 in the first quarter of 2020.
Net Loss was $912,068, compared to a net profit of $686,022 in Q1 2020.
Balance Sheet and Liquidity
FLYHT’s balance sheet ended the quarter with cash and short-term investments balances of $3,871,741, a decrease from 2020’s ending balance of $5,127,963, and comparable to Q2 2020’s ending cash balance of $3,702,824.
Trade and other receivables increased by 14% from 2020 year-end, and customer deposits increased by 75% since December 31, 2020.
Conference Call Information
FLYHT will discuss its first quarter 2021 financial results at its Annual and Special Meeting to be held virtually at 2:00 pm MT (4:00 pm ET) on Thursday, May 6, 2021. The meeting will be held online, accessible at:
The meeting is also accessible by phone at:
An archived video of the meeting will be posted on the Investor Communications section of FLYHT’s website, following the meeting.
Questions submitted to investors@flyht.com before 1:00 pm MT (3:00 pm ET) on May 6, 2021 will be answered during the meeting.
Additional Information
FLYHT’s Q1 2021 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, delivering industry leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by FLYHT’s patented aircraft certified hardware products including 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, view our latest presentation here, or visit www.cn.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:
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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.
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[1] EBITDA: defined as earnings before interest, income tax, depreciation and amortization (a non-GAAP financial measure).
Calgary, Alberta – May 04, 2021 – FLYHT Aerospace Solutions Ltd.(TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”), a leader in providing real-time insights and actions to improve global aviation operations and profitability, today announced a multi-year contract with U.S. charter operator Waltzing Matilda Aviation for its new scheduled air carrier branded, Connect Airlines.
Under the terms of the five-year agreement, FLYHT will install AFIRS and Actionable Intelligence (“AI”) services on Connect Airlines’ entire fleet of DHC-8-Q400 turboprop aircraft. FLYHT’s Actionable Intelligence solution includes voice and text communications, engine and airframe exceedances, situational display as well as automatic movement messages in the initial installation. Future AI services are expected to include fuel management, turn and airport apron operations, integrated flight plan and emissions tracking, as well as features currently under development with other AI launch customers. The initial installs will commence within 45 days and will be part of the certification of the new airline brand. The contract is expected to generate revenue of approximately USD $1.0 million to FLYHT, provided that all services are delivered over the 5-year term of the agreement.
Bill Tempany, CEO of FLYHT, said, “We are excited to begin a new relationship with Waltzing Matilda for their new brand, Connect Airlines. As a provider of critical infrastructure for communications and operational insights for Connect Airlines, we are committed to providing the products and services needed to support their launch and subsequent business growth for years to come. It is also great to be part of the unfolding recovery of aviation in North America.”
David Marcontell, COO of Connect Airlines, said, “After an exhaustive review of alternatives, we chose FLYHT because it provided our flight crew and operations team the technology, data, and analytics to operate a highly efficient and reliable airline, right out of the box. We look forward to a long and mutually beneficial relationship with FLYHT as we connect our guests to family, friends and colleagues with the highest standards of air transportation service and reliability.”
Connect Airlines, a new airline commencing operations in October 2021, will offer convenient service ideal for the day-tripping US business traveler direct into Toronto’s downtown Billy Bishop airport
About FLYHT Aerospace Solutions Ltd.
FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, delivering industry leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by FLYHT’s patented aircraft certified hardware products including 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. FLYHTis headquartered in Calgary, Canada with an office in Littleton, Colorado, and is an AS9100 Quality registered company. For more information, view our latest presentation here, or visit www.flyht.com
About Connect Airlines
Boston-based charter operator Waltzing Matilda Aviation (WMA) is planning to launch a new scheduled airline later this year targeting business traffic.
Connect Airlines will be based at Toronto’s downtown Billy Bishop City Airport (YTZ), offering routes to points in the northeast and Midwest US using Q400 turboprop aircraft. It is hoped the start-up will be operational by October 2021.
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: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. 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.
FLYHT Aerospace Solutions Ltd.
Alana Forbes
Chief Financial
403.291.7437
aforbes@flyht.com
investors@flyht.com
FNK IR LLC
Matt Chesler, CFA
Investor Relations
646.809.2183
flyht@fnkir.com
Join us on social media!
www.twitter.com/flyhtcorp
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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.
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Calgary, Alberta – April 29, 2021 – FLYHT Aerospace Solutions Ltd.(TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) will discuss its first quarter 2021 financial results at its Annual and Special Meeting to be held virtually at 2:00 pm MT (4:00 pm ET) on Thursday, May 6, 2021.
The meeting will be held online, accessible at:
The meeting is also accessible by phone at:
An archived video of the meeting will be posted on the Investor Communications section of FLYHT’s website, following the meeting.
Questions submitted to investors@flyht.com before 1:00 pm MT (3:00 pm ET) on May 6, 2021 will be answered during the meeting.
About FLYHT Aerospace Solutions Ltd.
FLYHTprovides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, delivering industry leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by FLYHT’s patented aircraft certified hardware products including 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. FLYHTis headquartered in Calgary, Canada with an office in Littleton, Colorado, and is an AS9100 Quality registered company. For more information, view our latest presentation here, or visit www.cn.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.
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Calgary, Alberta – April 26, 2021 – FLYHT Aerospace Solutions Ltd.(TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) announced today that the Companyhas executed a settlement agreement and mutual release (in respect of any claims between the parties) in respect of the litigation between Thomas R. Schmutz (former CEO of FLYHT) and the Company, asfirst announced on June 30, 2020. The parties have agreed upon a final settlement whereby FLYHT will pay Mr. Schmutz $225,000 CAD and 250,000 common shares in FLYHT. All of the common shares issued pursuant to the settlement agreement are subject to a 4-month hold period. The settlement is conditional upon final approval for the issuance of the common shares by the TSX Venture Exchange.
About FLYHT Aerospace Solutions Ltd.
FLYHTprovides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, delivering industry leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by FLYHT’s patented aircraft certified hardware products including 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, view our latest presentation here, or visit www.cn.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.
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— Strong Cost Control Contributes to Increase in Cash Balance –
— SaaS Represented 54% of 2020 Revenue, Driving Gross Margin Expansion to 68% —
— Company Expects Launch Partners to Deploy Actionable Intelligence Software in Q2 –
Calgary, Alberta – April 7, 2021 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today reported financial results for the fourth quarter and full year ended December 31, 2020.
“We are encouraged by recent trends for short-haul travel and cargo activity in the current environment and are relieved to have 2020 behind us,” said Bill Tempany, CEO. “While it was a challenging year for FLYHT and the commercial aviation industry, we feel that we have weathered the storm relatively well. Given that we serve a client base that has seen a 40% to 75% reduction in revenue, unprecedented financial losses and staff reductions, the revenue slip experienced by FLYHT is better than the industry as a whole and testament to the critical value that our solutions bring to airline operations.”
Tempany continued, “During the fourth quarter, we started to see signs of recovery across our business. We have seen clients that had experienced financial distress early in the pandemic return to the skies with equipped with FLYHT solutions. Additionally, we shipped 24 AFIRS hardware kits in the fourth quarter which was up from only one in the third quarter, and have a solid pipeline of additional units committed for deliveries in 2021. While still down on a year over year basis, overall revenue increased 76% sequentially from the third quarter of 2020.”
“We enter 2021 with an expanded suite of solutions that leverage FLYHT’s historical core strength in real-time aircraft data with additional insights and actions from our Actionable Intelligence suite of SaaS applications. We expect to have at least three clients using the AI software suite in the second quarter of 2021 and to start generating incremental revenue from these services beginning in the third quarter.”
Concluded Tempany, “We are well-positioned, given our cash reserves and current recovery trends, to see a significant improvement in our operating results in 2021 and 2022 as the vaccination rollout continues and pandemic related travel restrictions dissipate.”
Fourth Quarter 2020 Results
Full Year 2020 Results
FLYHT’s balance sheet ended the year with:
Conference Call
FLYHT will host a live conference call to discuss its fourth quarter and full year 2020 financial results on Thursday, April 8, 2021 at 7 am MT (9 am ET, 6 am PT). The conference call will include a brief presentation about FLYHT’s fourth quarter and full year financial results followed by a question and answer period with Bill Tempany, Interim CEO and Alana Forbes, CFO.
To access the conference call by phone within Canada and the U.S., dial 1-800-319-4610 (toll free). Outside Canada and the U.S., dial 1-604-638-5340. (Callers should dial in five to 10 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 Communications section of FLYHT’s website as soon as it is available from the conference call provider.
Additional Information
FLYHT’s 2020 Annual 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.
Corporate Update
Barry Eccleston, Executive Chairman of FLYHT, has decided to not run for re-election at the AGM. Barry says, “It has been a pleasure working with the board and staff at FLYHT and that I feel confident that the recent changes in management have the company on a strong course to thrive as the airline business recovers from the pandemic. I have always believed in the FLYHT technology and the need the industry has for it and the current direction with Actionable Intelligence, using JetBridge technology, will serve the company’s customers and prospects well to emerge healthier and more agile than pre-pandemic. It has been a pleasure to serve the shareholders of FLYHT and I wish the company, its staff, customers and shareholders every success in the coming years.”
Bill Tempany, Interim CEO stated, “It has been a pleasure to work with and get to know Barry over the last 7 years. For him to be able to carve out the time and energy to give a small company like ours the insights he has of the industry, business and trends has been an immeasurable help to me and to the staff, and has given us a foundation to build on. We will all miss having Barry’s insights, humour and guidance but also understand that after 5 plus decades of hard work, retirement is supposed to mean taking time for your own passions and family. We wish Barry many days of clear skies while he perfects his flying techniques, zero IROP issues while he and Valerie enjoy their many planned activities once the COVID beast is defeated and many years to take advantage of the time well earned while helping aviation in general become a safe, clean, great industry.”
The board will leave the vacancy unfilled and a chairman will be elected from among the elected directors after FLYHT’s AGM in May.
About FLYHT Aerospace Solutions Ltd.
FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, delivering industry leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by FLYHT’s patented aircraft certified hardware products including 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, view our latest presentation here, or 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:
FLYHT Aerospace Solutions Ltd.
Alana Forbes
Chief Financial Officer
403.291.7437
aforbes@flyht.com
investors@flyht.com
FNK IR LLC
Matt Chesler, CFA
Investor Relations
646.809.2183
flyht@fnkir.com
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 – April 6, 2021 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) announced today that Alana Forbes, CFO, and Michael Li Fang, Vice President of China Operations, will present at the Global Chinese Financial Forum (GCFF) on Thursday, April 15, 2021, at 8:10 AM PT (9:10 AM MT).
EVENT: Global Chinse Financial Forum, Investing in Innovation
DATE: Thursday, April 15, 2021
TIME: 8:10 AM PST (9:10 AM MT)
REGISTER: https://gcff-apr-2021.eventbrite.ca/?aff=FLY
GCFF is the largest conference that caters to the Chinese investment community in North America. Hosted by NAI Interactive Ltd., the bilingual online event will feature public and private company investment opportunities and will be broadcast in English and Mandarin Chinese.
The conference is virtual, with no cost or restrictions to attend. For more information on GCFF, please visit https://nai500.com/events/ or contact FLYHT’s IR team at flyht@fnkir.com.
An archived link to the presentation will be made available approximately one week after the live event under the investors section of FLYHT’s website at www.flyht.com/investors.
About FLYHT Aerospace Solutions Ltd.
FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, delivering industry leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by FLYHT’s patented aircraft certified hardware products including 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, view our latest presentation here, or visit www.flyht.com
Contact Information:
FLYHT Aerospace Solutions Ltd.
Alana Forbes
Chief Financial Officer
403.291.7437
aforbes@flyht.com
investors@flyht.com
FNK IR LLC
Matt Chesler, CFA
Investor Relations
646.809.2183
flyht@fnkir.com
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 – March 31, 2021 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) sets fourth quarter and fiscal year 2020 conference call for Thursday, April 8, 2021 at 7:00 a.m. MT (9:00 a.m. ET).
The conference call will include a brief presentation about FLYHT’s fourth quarter and full year financial results followed by a question and answer period with Bill Tempany, Interim CEO and Alana Forbes, CFO.
To access the conference call by phone within Canada and the U.S.A., the toll-free number is 1-800-319-4610. Outside Canada and the U.S.A., dial 1-604-638-5340. Callers should dial in five to 10 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 Communications 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, delivering industry leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by FLYHT’s patented aircraft certified hardware products including 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, view our latest presentation here, or visit www.flyht.com
Contact Information:
FLYHT Aerospace Solutions Ltd.
Alana Forbes
Chief Financial Officer
403.291.7437
aforbes@flyht.com
investors@flyht.com
FNK IR LLC
Matt Chesler, CFA
Investor Relations
646.809.2183
flyht@fnkir.com
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.
