plans for Flyht28
Flyht Acquisition
Path Forward Post Closing
Reduce operating costs
Reduce internal costs - Flyht restructured in Sept significantly reducing labour costs
Product development efforts winding down
Eliminate public company costs
Total savings estimated at ~$4M annually
Aggressively sell all products against existing Supplemental Type Certificates (STCs)
STCs are required government approvals (Transport Canada, FAA, EASA, CAAC) to install equipment on
specific aircraft types in their jurisdiction
Satcom product has wide range of STCs
New product priority STCs are Boeing 737 and Airbus A320 variants
Pursue new STCs for additional aircraft types and countries
Evaluate deferred development accounting treatment on long lived investments
In-source product manufacturing to FTG site(s)
Shield future profits with existing tax losses at Flyht
Just the $4 million savings give a 3 year payback.