FLYHT AEROSPACE SLTNS LTD - FLYLF STOCK NEWS

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.

FLYHT Aerospace Solutions Ltd. announced a partnership with Frontier Airlines to equip its A320 and A321 aircraft with FLYHT's AFIRS solutions. This agreement, valued at USD $680,000, aims to optimize Frontier's over-water routes by providing real-time fleet information, improving efficiency, and enhancing customer satisfaction. Frontier's commitment to reducing its carbon footprint aligns with FLYHT's mission of delivering actionable insights to airlines. This partnership increases FLYHT's client roster to over 85 airlines globally.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY, OTCQX:FLYLF) announced a request to amend the expiration date and exercise price of 2,667,610 outstanding warrants. The new expiry date is June 15, 2022, with a revised exercise price of $1.25, down from the original $1.75. This amendment follows market changes impacting FLYHT and the aviation sector due to the Covid pandemic, and is subject to approval by the TSX Venture Exchange.