Tuesday, 23 October 2012

FLYHT Lands Another Contract In Nigeria – Presence Growing in Africa

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

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FLYHT has secured a contract with another Nigerian airline for the installation of its AFIRS TM 228 technology. The units will be installed on five McDonnell Douglas MD-83 aircraft, which are twin-engine commercial jet airliners designed for short to medium-range destinations. 

The five year contract is worth just over one million dollars and includes services plus recurring monthly revenues, which comprise the majority of the contract value. Installation is expected to begin sometime during the first quarter of next year providing all the necessary certifications are received on time.

Once the units are installed, the Nigerian operator will be able to utilize many of the AFIRS 228 features including satellite voice communication, flight tracking and engine trending. Today’s announcement brings the total number of AFIRS units contracted in Nigeria to 31, 13 of which have already been shipped. 

Dr. Harold Demuren, the Director of the Nigerian Civil Aviation Authority, is well-known for implementing policies and procedures in order to increase aviation safety within the country. Dr. Demuren has spoken highly of FLYHT’s technology in the past. FLYHT has been working with the NCAA for over two years. Most recently, a contract was signed with the organization this past April to provide a Safety Management System Dashboard enabling the NCAA to monitor all Nigerian registered aircraft equipped with satellite based tracking hardware. 

Increased safety practices are a constant trend in the aviation industry as operators and directors are continuously looking for improvements. Just last week Dr. Demuren and other representatives from Nigeria met with seven other countries in Abuja, the capital city of Nigeria, at the D-8 Working Group on Civil Aviation and Director Generals Meeting. The meeting was held in order for representatives from both the government and private sector in the aviation industry to discuss current problems, latest developments and new trends in aviation safety and security. Other countries involved in this meeting included Bangladesh, Egypt, Iran, Indonesia, Malaysia, Pakistan and Turkey. Click here for more information on the D-8 meeting - 

To view today’s news release, please click here....