Wednesday, 15 May 2013

FLYHT Announces Half Million Dollar Contract With A Maldivian Airline

FLYHT Aerospace Solutions Ltd.
TSX Venture: FLY
Shares Issued: 140,386,166
Fully Diluted: 179,132,626
Today FLYHT announced that it has signed a contract with a scheduled Maldivian airline that provides service to the Republic of the Maldives, an island nation in the Indian Ocean. The contract requires FLYHT to install the AFIRS 220 on one Boeing 757 and AFIRS 228B on two Boeing 767 aircraft (all necessary Supplemental Type Certificates are already in place). The total value of the contract will be approximately $480 thousand USD.
According to the news release, “The customer will benefit from all AFIRS 220 features including automated Out, Off, On and In times, airframe and engine exceedances, flight tracking and satellite voice communications.” This is significant because each feature that a customer chooses adds to the amount of monthly service fees FLYHT charges. Traditionally those fees range from $500 - $2,000/month/aircraft.

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