FLYHT Signs New AFIRS 220 Contract With Nigerian Airline

CALGARY, ALBERTA—(Marketwired – Sept. 23, 2013) – FLYHT Aerospace Solutions Ltd. (“FLYHT”) (TSX VENTURE:FLY) reported today that it has signed a contract with a Nigerian airline for the Automated Flight Information Reporting System (“AFIRS™”) 220.

The contract requires FLYHT to install the AFIRS 220 on four Boeing 737. The airline will use AFIRS to provide real-time flight data monitoring. The customer will benefit from all AFIRS 220 features including automated Out, Off, On and In times, airframe and engine exceedances, flight tracking, automated engine data collection for real time trending, fuel management and satellite voice communications.

FLYHT will provide equipment and services to the airline over a five year contract with automatic yearly renewals after the initial term. Installations are anticipated to begin in the fourth quarter of 2013. If FLYHT completes installation on all contracted aircraft and provides recurring service for the full term of the agreement, gross revenue to FLYHT will be approximately $636,000 USD, excluding optional services.