FLYHT CEO Interview on BNN – Now Available Online

Earlier today, in response to Sunday’s loss of AirAsia flight 8501, FLYHT CEO Bill Tempany appeared on Business News Network and spoke with host Greg Bonnell about FLYHT’s Automated Information Reporting System (AFIRS™).

In the segment, Mr. Tempany discussed flight 8501 and how AFIRS works in an emergency situation.

Here are some key points from the interview:

  • Mr. Tempany started the interview by providing a brief overview of AFIRS, “The product was intended to help airlines improve operational efficiency and maintenance costs, provide communications tools to the crew, but it has the added benefit of being able to stream all of the data that is stored on the black box in real-time in the event of abnormal operating conditions.”
  • Following the introduction, Mr. Tempany continued by stating, “I firmly believe that the work going on today with the various industry groups around flight tracking and black box data transmission make our technology a timely discussion point in the industry.” He continued, “The intent of our product is to get information faster about where the aircraft might be, information about what may have caused the incident and to give the pilots the opportunity to communicate to try to get help if there is a problem.”
  • “We certainly believe that our technology would enhance the capability of both the Government Agencies and Airline to have better information at their fingertips so they know what’s going on,” stated Tempany.
  • When asked if he thought that the tragedies this year would speed up the regulatory process, Mr. Tempany rounded out the interview by stating, “We hope it does. We’re very active with all of the regulatory groups. As a regular flyer, I really hope it speeds up the regulation and airlines get onboard with this technology very quickly. It’s a concern for me that people don’t know where the aircraft is when I’m traveling around the globe.”
  • AFIRS has been in service for 7-8 years and is currently aboard 400 aircraft belonging to 45 Airlines. It was not installed aboard flight 8501

To view the BNN interview, please  click here.

FLYHT CEO To Appear On BNN

Tomorrow, Tuesday, December 30th at 12:40 (Eastern), FLYHT CEO Bill Tempany is scheduled to appear on Canada’s Business News Network (BNN). He will be interviewed by Greg Bonnell. The segment will discuss the ongoing search for the missing AirAsia aircraft, the continuing regulatory progress around flight tracking, and FLYHT’s Automated Flight Information Reporting System (AFIRS™).

On Sunday, December 28th AirAsia Flight QZ8501 disappeared between Indonesia and Singapore. The search continues for the aircraft and the 162 people onboard. FLYHT issued the following statement following the incident:

“FLYHT is following the development of the missing AirAsia A320, flight QZ8501. We are being asked whether the aircraft is equipped with the Automated Flight Information Reporting System (AFIRS™) FLYHTStream. It is not equipped with AFIRS FLYHTStream and we have no real-time information on the event. At this time our thoughts are with the crew, the passengers and the families of the missing aircraft, and we hope for the best outcome possible.” http://flyht.com/airasia-statement/

An archive of the interview will be available on BNN’s website (www.bnn.ca) approximately 30 minutes after the segment has aired.

FLYHT was also featured in a number of articles today:

CNN Money – Why planes don’t live stream data
The Independent – Missing AirAsia flight QZ8501: Anger grows over flight tracking lessons not learnt as Indonesian authorities conclude plane is on the seabed
CBC – AirAsia Flight QZ8501: Why airlines don’t live-stream black box data

FLYHT Announces Approved Debenture Extension and Warrant Extension

Calgary, Alberta – December 22, 2014 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) announces that its Debenture Extension, announced in a press release on December 10, 2014, has been approved by the necessary majority of the debenture holders in accordance with the trust indenture; and that final approval has been received from the TSX Venture Exchange.

“We appreciate the strong support of the debenture holders,” stated Bill Tempany, CEO of FLYHT. “We wish all of our shareholders, customers and partners a Merry Christmas and a Happy and Prosperous New Year.”

The approval of the extensions will:

  • Extend the maturity date of the Company’s debentures (the “Debentures”) that were originally issued on December 23, 2010 from four (4) years to six (6) years from the date of issuance in accordance with Exchange policies. The outstanding Debentures that are the subject of the extension consist of an aggregate of $3,101,000 Debentures.  The application approved by the Exchange extends the maturity date until December 23, 2016.  The Debentures continue to bear interest at a rate of 8% per annum and continue to be convertible at any time at the election of the debenture holder into common shares of the Corporation (“Common Shares”) at a conversion rate of $0.40 per share. The application approved by the Exchange extends the conversion right expiry date until December 23, 2015 (being one year prior to the proposed revised maturity date of the Debentures); and
  • Extend the term of the share purchase warrants (the “Debenture Warrants”) that were originally issued on December 23, 2010 in connection with the Company’s private placement of Debentures from four (4) years to five (5) years from the date of issuance in accordance with Exchange policies. The Debenture Warrants that are the subject of the extension application consist of an aggregate of 3,948,750 Debenture Warrants, each with an exercise price of $0.75 per warrant.  The application approved by the Exchange extends the expiry date until December 23, 2015.

For further information on the original issuance of the Debentures and the Debenture Warrants – please see the Company’s press release dated December 23, 2010.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CA
Chief Financial Officer
403-291-7425
nheale@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

Join us on social media!
www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FLYHT Announces Legendary Deal with Christmas Legend

The North Pole – December 23, 2014 – This morning, officials at Santa’s Workshop announced that an AFIRSTM 228 unit has been installed aboard Santa’s sleigh. Making use of the Iridium Satellite network, the AFIRS unit will track the worldwide distribution of Christmas toys and cheer. The addition of the AFIRS unit will enhance Christmas Ground Control (CGC) to Sleigh communication, track average stop duration and will track Mr. Claus’ progress against the flight plan. All cost savings realized by new efficiencies will be distributed to members of the “Nice List” in the form of additional Christmas cheer.

The deal, while fictitious in nature, is anticipated to generate a 10% increase in hearty chuckles and/or belly laughs from FLYHT supporters.

Following the announcement, FLYHT CEO Bill Tempany stated, “We are thrilled that such a trusted, longstanding industry leader has chosen to work with FLYHT. The AFIRS unit upgrades the sleigh’s current satcom capabilities to provide true worldwide coverage for voice, text and data communications, it allows CGC to track Mr. Claus’ progress and reindeer fuel consumption, and will automatically notify CGC of any unauthorized milk and cookies and/or mistletoe related stops.”

In response to the announcement, officials from Santa’s Workshop stated, “ Merry Christmas to all and to all a good FLYHT!”

FLYHT Applies For Debenture Extension And Warrant Extension

Calgary, Alberta – December 10, 2014 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) wishes to announce that it has made application to the TSX Venture Exchange (the “Exchange”) to:

  1. Extend the maturity date of the Company’s debentures (the “Debentures”) that were originally issued on December 23, 2010 from four (4) years to six (6) years from the date of issuance in accordance with Exchange policies. The outstanding Debentures that are the subject of the extension application consist of an aggregate of $3,101,000 of Debentures.  The Debentures are set to mature on December 23, 2014 and the application being submitted to the Exchange is to extend the maturity date until December 23, 2016.  The Debentures continue to bear interest at a rate of 8% per annum and continue to be convertible into common shares of the Corporation (“Common Shares”) at a conversion rate of $0.40 per share.   The conversion right is also set to expire on December 23, 2014 and the application being submitted to the Exchange is to extend the conversion right expiry date until December 31, 2015 (being one year prior to the proposed revised maturity date of the Debentures); and
  2. Extend the term of the share purchase warrants (the “Debenture Warrants”) that were originally issued on December 23, 2010 in connection with the Company’s private placement of Debentures from four (4) years to five (5) years from the date of issuance in accordance with Exchange policies. The Debenture Warrants that are the subject of the extension application consist of an aggregate of 3,948,750 Debenture Warrants, each with an exercise price of $0.75 per warrant.  The foregoing Debenture Warrants are set to expire on December 23, 2014 and the application being submitted to the Exchange is to extend the expiry date until December 23, 2015.

For further information on the original issuance of the Debentures and the Debenture Warrants – please see the Company’s press release dated December 23, 2010.

Completion of the Debenture extension is subject to: (i) the approval of the debenture holders in accordance with the trust indenture; and (ii) the final approval of the TSX Venture Exchange.  Completion of the Debenture Warrant extension is subject to the final approval of the TSX Venture Exchange.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CA
Chief Financial Officer
403-291-7425
nheale@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

Join us on social media!
www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

AFIRS 228 Approved For Use On Popular Boeing 767’s

This morning, FLYHT announced that the AFIRS 228 has been approved by the Federal Aviation Administration (FAA) for use aboard the Boeing 767-200/300 series aircraft in the United States. The Supplemental Type Certification (STC) gives current and potential customers the option of adding AFIRS 228 to existing or new aircraft. According to Wikipedia, as of July 2014 there were 795 of the Boeing 767 variants in service around the world with several major US based airlines utilizing the aircraft in their fleets.

Airline Boeing 767 Variants
Delta Airlines 95
UPS Airlines 59
American Airlines 58
United Airlines 51
ABX Air 33

As of July 2014 – Wikipedia

An STC is the regulatory approval to make changes to an aircraft’s design. In FLYHT’s case, this approval is required to install AFIRS equipment onboard commercial aircraft. The approval process is extensive, however FLYHT is designated as a “Design Approval Organization” by Transport Canada Civil Aviation. Few organizations reach this status, which allows FLYHT to speed up the approval process by using internal resources rather than contractors. That being said, one STC approval from one regulatory body typically takes three or more months and can cost up to $280,000.

To date, FLYHT has nearly 60 STC approvals through five regulatory bodies on more than 20 types of aircraft and has received at least one STC for either AFIRS 220 or 228 on all models of Boeing commercial aircraft currently in production, with exception to the 787 Dreamliner.

To view the news release please click here.

FLYHT Receives Boeing 767-200/300 Certification from the Federal Aviation Administration

Calgary, Alberta – December 9, 2014 FLYHT Aerospace Solutions Ltd. (“FLYHT” or the “Company”) (TSX-V: FLY) (OTCQX: FLYLF) reported today it has received a Supplemental Type Certificate (“STC”) for its Automated Flight Information Reporting System (“AFIRS™”) 228 on the Boeing 767 – 200/300 series aircraft from the Federal Aviation Administration (“FAA”) in the United States.

This certification will allow FLYHT customers to install AFIRS 228 on their 767 aircraft, including one new customer announced in a press release on November 13, 2014.

“FLYHT is pleased to add the AFIRS 228 STC for this popular aircraft type to the options available to our current and potential customers,” stated Matt Bradley, President of FLYHT.

A STC constitutes regulatory approval to modify an aircraft’s design while retaining airworthiness certification and is necessary to permit retrofit installation of aeronautical products such as AFIRS. A full list of FLYHT’s STCs is available on the company’s website.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information 

FLYHT Aerospace Solutions Ltd.
Nola Heale, CA
Chief Financial Officer
403-291-7425
nheale@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

Join us on social media!
www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.