FLYHT Aerospace Solutions Ltd.
TSX Venture: FLY
Shares Issued: 140,386,166
Fully Diluted: 179,132,626
Yesterday afternoon Alex Ruus, Portfolio Manager at Blumont Capital, briefly discussed FLHYT Aerospace Solutions while speaking on the popular BNN program Market Call.
A caller asked Mr. Ruus his opinion on another publicly traded company in the aerospace industry called Guestlogix (GXI.V), which manages credit card transactions, onboard store technology and merchandising solutions on airplanes. While Mr. Ruus said he likes Guestlogix’s business model, he prefers FLYHT, as he feels the company offers a better long-term opportunity.
Mr. Ruus described FLYHT’s AFIRS technology as the “smart” black box that beams data through satellites from the airplane to the ground and noted the significance the technology offers aviation safety by mentioning the difference it could have played in the Air France Flight 447 disaster of 2009.
To view the clip, please click the link. Please note, the comments on GuestLogix begin at the 4 minute mark and lead into FLYHT at 5:05.