This morning, investors woke up to details on a substantial order that President Matt Bradley mentioned on FLYHT’s second quarter conference call.
Here are the details:
- Single largest order in company history.
- Avmax owns six aircraft and will equip its current and future leased fleet, for a total fleet size of 146 aircraft over a seven-year term.
- The revenue during the seven years to FLYHT will be approximately $4.3 million USD, “optional” services could up the total to $8.3 million USD.
- This order once fully realized increases FLYHT’s install base by over 35%
Of special note, Avmax Canada and R1 Airways Vice President Al Young, provided FLYHT’s technology with a glowing endorsement in the news release, “Avmax did an extensive review of products in the market and AFIRS was selected because it met all of our business needs. FLYHT’s solution was superior to the other products we evaluated in the market,”
To view the full news release, please click here.