Wednesday, 23 April 2014

FLYHT Achieves Major Milestone With Millionth Flight & Cantech Article


On the tailwinds of recent media attention, FLYHT recently announced that clients have flown one million flights using their Automated Flight Information Reporting System (AFIRS). “The steady growth is exciting," noted CEO Bill Tempany. In addition to this increased usage, the company is adding value with additional services that have been well received by customers. In particular the Fuel Initiative Reporting System Tracker (FIRST), which helps airlines optimize their fuel efficiency has received very positive feedback.

To view the news release, please click here.

The growth of FLYHT has not gone unnoticed. A recent Cantech Letter article written by Nick Waddell highlights a recent buy recommendation published by Clarus Securities. The letter highlights an anticipated 103% upside from its current trading range and one year target of $1.10 and attributes the target to FLYHT having access to the Airbus supply chain (OEM and retrofit), strong entry to China and a worldwide concern for improved in flight communications.

To view the CanTech article click here.

Shares Issued: 142.5 million
Fully Diluted: 182.1 million