FLYHT Strengthens Partnership with WestJet for AFIRS(TM) 228 Order on Boeing 737 MAX-10 Fleet
Rhea-AI Summary
FLYHT Aerospace Solutions has received an order from WestJet Airlines to install its TSO-approved AFIRS™ 228S satcom solution on WestJet's Boeing 737 MAX-10 fleet. The contract expansion, valued at approximately US$900,000, builds upon a previously announced 2020 agreement. The AFIRS system will provide long-range data and voice communications while maintaining fleet commonality across WestJet's aircraft types. The solution allows immediate installation and activation of safety services functions upon aircraft delivery.
Positive
- New contract expansion valued at US$900,000
- Strengthens existing partnership with major airline WestJet
- Expands AFIRS installation to additional aircraft model (737 MAX-10)
Negative
- None.
Calgary, Alberta - November 13, 2024 - FLYHT Aerospace Solutions Ltd. ("FLYHT") (TSX-V: FLY) (OTCQX: FLYLF) today announced that it received an order from WestJet Airlines, Ltd. to install the Company's TSO approved AFIRS™ 228S satcom solution on WestJet's fleet of Boeing 737 MAX-10 aircraft.
"As we execute on our fleet growth and modernization plan, FLYHT's Iridium satcom solution provides us with the long-range data and voice communications that we require, while enabling us to maintain fleet commonality across our aircraft types," said Gandeephan Ganeshalingam, WestJet Vice-President Technical operations. "We are pleased with FLYHT's solutions on our 737 MAX-8 and 737NG aircraft, and are confident to utilize the product following the delivery of our Boeing 737 MAX-10 aircraft."
"WestJet's order of the AFIRS 228S TSO for their fleet of Boeing 737 MAX-10 aircraft expands our long-standing and valued relationship and is the latest demonstration of the strength of our AFIRS 228 product line," commented Darrel Deane, Chief Revenue Officer at FLYHT. "The solution enables WestJet and other airlines with MAX-10 aircraft on order to install and activate the AFIRS 228S TSO for safety services functions immediately after delivery. This contract deepens our relationship with WestJet and opens up additional growth potential for FLYHT."
This increase to the contract previously announced in 2020 is valued at approximately US
About FLYHT Aerospace Solutions Ltd.
FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products, AFIRS™. Solutions include an aircraft satcom/interface device that enables cockpit voice communications, the transmission of aircraft data both inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. FLYHT's hardware products can also be interfaced with FLYHT's proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time. FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.
Cautionary Note Regarding Forward-Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to projected revenues and related matters. Although FLYHT believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. FLYHT cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are founded on the basis of expectations, assumptions and hypotheses made by the Company, including, but not limited to projected revenues. Such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include but are not limited to global economic conditions; industry conditions, and supply chain delays. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. FLYHT undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Contact Information:
FLYHT Aerospace Solutions Ltd. | FNK IR LLC |
Alana Forbes | Matt Chesler, CFA |
Chief Financial Officer | Investor Relations |
403.291.7437 | 646.809.2183 |
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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.
View the original press release on accesswire.com
FAQ
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