Monday, 9 December 2013

FLYHT Draws Media Attention – Technica Pro & BNN

FLYHT Aerospace Solutions Ltd.
TSX Venture: FLY
Shares Issued: 142.5 million
Fully Diluted: 182.1 million

Technica Pro News recently published an article on FLYHT titled, “Real Flight Data Technology Installed on New Planes in China”. The online newsletter article references FLYHT’s news release from December 3rd, which announced the Chinese company Datang Mobile Aviation and FLYHT have agreed to install Automatic Flight Information Reporting Systems (AFIRS™) on all AJR21 aircraft. The manufacturer of the AJR21 expects to begin production of ARJ21 aircraft by the end of 2014 and already has orders for 415 planes.

The article also states “In the next 5 years, ‘Real Time Data Communications’ will be standard equipment on new planes – as ubiquitous as the rear view mirror in an automobile.” This would put FLYHT into a very good position considering its recent successes in the aviation market.

Additionally, late last Friday, Alex Ruus, Portfolio Manager for Arrow Capital Management (formerly BluMont Capital), was asked a question on FLYHT Aerospace during his appearance on Canada’s Business News Network’s popular show, Market Call Tonight. Mr. Ruus said amongst other things, that in his opinion he expects FLYHT to be “one of these monopolistic type businesses in about five years where they will have 95% market share.”

To view the segment, click here and select Part Two.

As of the writing of this blog, today’s volume for FLYHT’s is over 1.4 million shares and the price is up approximately 10% from Friday’s close.