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FLYHT Aerospace Solutions Ltd. (FLYLF) is a leading provider of aviation safety, efficiency, and profitability solutions for airlines. The company offers patented aircraft certified hardware products, including AFIRS™, an aircraft satcom/interface device for cockpit voice communications and real-time aircraft data analysis. FLYHT's innovative technology supports voice and data communications on Airbus aircraft worldwide through the Iridium® satellite network. With a focus on delivering actionable intelligence, the company helps airlines transform operational insight into immediate, quantifiable action, enhancing safety and performance.
FLYHT Aerospace Solutions Ltd. (FLYLF) has partnered with Swoop Airlines to reduce emissions by minimizing Auxiliary Power Unit (APU) usage, supported by a $150,000 grant from Alberta Innovates. This real-time APU monitoring program aims to decrease CO2 emissions and provide cost savings by optimizing APU run times, which consume about 250 lbs of fuel per hour. The initiative leverages FLYHT's AFIRS technology, enhancing operational efficiency for more than 80 airline customers worldwide. The collaboration underscores a commitment to environmental sustainability in aviation.
FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) has secured approval from the TSX Venture Exchange for the acquisition of CrossConsense GmbH & Co. KG, a strategic move aimed at enhancing FLYHT's maintenance capabilities and expanding its market presence in Europe and the Middle East. The deal, valued at CAD$1,250,000 in cash and 1,900,000 common shares, is anticipated to close following final approval from the German government. This acquisition aligns with FLYHT's objective to boost operational efficiency and capitalize on new market opportunities.
FLYHT Aerospace Solutions Ltd. (OTCQX:FLYLF) has appointed aviation expert Bruce Gowling as the Director of Digital Transformation & Data Solutions. With nearly 30 years of industry experience, Gowling is expected to enhance FLYHT's Actionable Intelligence offerings, particularly through new capabilities from the pending acquisition of CrossConsense. His role aims to accelerate the adoption of FLYHT's solutions in commercial aviation, thereby positioning the company as a leading SaaS provider.
FLYHT Aerospace Solutions Ltd. announced its participation in the Winter Wonderland Best Ideas Investor Conference, scheduled for February 8-9, 2022. Management, including President Kent Jacobs and CFO Alana Forbes, will present on February 8 at 1:30 PM ET, followed by a Q&A session. One-on-one meetings with investors will occur on February 10-11, 2022. Interested shareholders can access the webcast via the provided link. FLYHT specializes in aviation solutions that enhance safety and efficiency through patented technologies.
FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) has announced a reseller agreement with SITA for its AIRCOM® Cockpit Services, targeting the Iridium Certus market. This partnership aims to enhance inflight satellite internet connectivity for FLYHT's AFIRS Edge customers. SITA integrated Iridium Certus into its portfolio last year, supporting over 18,000 aircraft globally. FLYHT anticipates that this collaboration will improve fuel efficiency and reduce emissions, further broadening its service reach to smaller regional airlines.
FLYHT Aerospace Solutions Ltd. (FLYLF) has announced its acquisition of CrossConsense GmbH & Co. KG for CAD$1,250,000 and 1,900,000 common shares. This transaction aims to enhance FLYHT's maintenance capabilities and strengthen its presence in European and Middle Eastern markets. CrossConsense, based in Frankfurt, specializes in aviation maintenance management software, which will complement FLYHT's offerings. The deal is expected to close pending approvals and will bolster customer service capabilities for over 100 airline clients.
FLYHT Aerospace Solutions Ltd. announced its participation in the 2022 Small Cap Growth Conference on February 2-3, 2022. Management will host a virtual presentation on February 2 at 3:00 PM ET, followed by a Q&A session for shareholders. The event will be accessible via a live audio webcast. FLYHT specializes in providing actionable intelligence to airlines, enhancing safety and efficiency through patented hardware products. More details and registration for the conference can be found on their website.
FLYHT Aerospace Solutions Ltd. announced it has achieved the Amazon Web Services (AWS) Travel and Hospitality Competency status, demonstrating technical proficiency in enhancing operational efficiency for airlines. This designation positions FLYHT as a trusted partner within the AWS ecosystem, aiding airlines in modernization efforts through real-time data connectivity that reduces costs and CO2 emissions. Azur Air is a notable customer utilizing FLYHT's solutions for operational visibility. The VP of Sales emphasizes the potential to expand their customer base and enhance ties within the aviation industry in 2022.
FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) has announced a new agreement with Coral Jet to equip its future fleet of seven A319/320 aircraft with AFIRS™ technology and SaaS services from FLYHT's Actionable Intelligence suite. This contract is expected to generate approximately US$760,000 over five years, with potential revenue increases as Coral Jet expands its fleet. Installations are set to begin in Q2 2022. FLYHT aims to support Coral Jet in enhancing operational efficiency and safety, reinforcing fuel management practices essential for their new operations.
FLYHT Aerospace Solutions has announced an enhancement to its AFIRS Edge avionics product through the integration of IoT data capture and real-time connectivity for in-flight aircraft. The incorporation of Iridium Certus technology enables global data coverage, providing access to hundreds of aircraft parameters and IoT sensor data. The new system is expected to be available in early 2022, allowing airlines to enhance operational efficiency and safety. This upgrade expands FLYHT's existing customer base, with over 2,800 equipped aircraft.
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