Friday, 21 September 2012

FLYHT – A Robust 3rd Quarter


FLYHT Aerospace Solutions Ltd.
TSX Venture: FLY
Shares Issued: 139,386,166
Fully Diluted: 178,135,626

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In this morning’s news release, FLYHT describes its current quarter as being stronger than past third quarters.  It attributes the strength to its sales efforts and increased activity from “many different airlines and manufacturers.”

The company states that it has delivered seventeen kits, some to new and some to existing clients. The kits, made up of the framework, connectors and wiring, houses the AFIRS ™ technology. The AFIRS™ unit is shipped once the kits are installed to the aircraft.

Bill Tempany, the company’s President  & CEO, acknowledged the order of three kits from a new Chinese customer, and increased interests and support from the African airline industry.  Also, he asserted that FLYHT is making “progress with L3 Communications in providing a factory option solution for Airbus A320 . . .”

To view the full news release, please click here.........