FLYHT Aerospace Solutions Ltd V.FLY

Flyht Signs Actionable Intelligence Agreement with Coral Jet

[CF105]

Calgary, Alberta – January 11, 2022 – FLYHT and Bermuda Aviation Asset Management Ltd dba Coral Jet (“Coral Jet”), today announced the signing of an agreement to equip Coral Jet’s future fleet of seven A319/320 aircraft with AFIRS™ and to provide SaaS services from FLYHT’s Actionable Intelligence suite of applications. 

Coral Jet is a start up airline that will serve the Caribbean, United States, and Canada with plans to increase its aircraft fleet over the coming years.

Wes Gardner, Director of Flight Operations for Coral Jet, stated, “Our team has used the AFIRS solution in previous operations a65nd the flexibility of the hardware and software components, coupled with the reliability of the products and the professionalism of FLYHT staff, have always served us well. As a new operation, we have the ability to start with good habits. FLYHT’s Actionable Intelligence applications will reinforce the necessary fuel management practices we are striving for.”

Bill Tempany, FLYHT’s Chief Executive Officer, stated, “Coral Jet is the latest upstart airline to adopt FLYHT’s solutions to help them gain a competitive advantage in an increasingly competitive industry. Our team is committed to adding functionality to help Coral Jet, and our 80-plus customers, secure and maintain that market lead in their respective markets.”

Installations will start early in the second quarter of 2022. The contract is expected to generate revenue of approximately US$760,000 over the five year contract term, with potential for increases as Coral Jet’s fleet grows.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, delivering industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by FLYHT’s patented aircraft certified hardware products including AFIRS™, a satcom aircraft interface device which enables real-time streaming of flight information, cockpit voice and black box data streaming, AFIRS Edge, a state-of-the-art 5G WQAR and satellite data communications device, and TAMDAR™ and the FLYHT-WVSS-II™, which deliver airborne weather and humidity data in real-time. FLYHT is headquartered in Calgary, Canada with an office in Littleton, Colorado, and is an AS9100 Quality registered company. For more information, view our presentation here, or visit www.flyht.com.

[RipCrackle]

Great news, good job management What I like most is how trusted Flyht's products and services have become that it's a no-brainer for some to adopt on their fleets.

[RayDonovan78]

Yeah good job, market is VERY impressed with signing a junior start-up.

[Thylor09]

I think this is just a just part of a much bigger plan for actionable intelligence. Lets see how this part of the business develops over the rest of 2022.

[ARIMA11]

https://coraljet.com ;)

[ARIMA11]

https://www.aviationjobs.me/jobs/a320-first-officers-coral-jet-bermuda/

[Givmeabreak]

No it's not. Just a new story to peddle!

[Thylor09]

Givemeabreak After reviewing a number of your posts I see you do no real work on companies, so I will completely discount what you have to say.

[Givmeabreak]

Keep the dream alive for another 20+ years T. Wash, rinse, repeat....

[RayDonovan78]

Thylor, What I dont understand, if what you post here is true ???? Why would you invest such a large amount of money in this company that only has disappointed investors over they years when there is so many others that would almost gaurantee you gains ??? Most stocks are well over prepandemic highs except this.  Your investing strategy makes absolute no sense unless your gambling with other

[tannin]

At current market cap Ray, risk/reward is hugely positive. Coral sign up, like Frontier sign up, not huge in themselves, but significant, as is multi year agreement with Comac for factory installation into their C-919's.

[RayDonovan78]

And posters here have been saying that too for over 15 years only to disappear. Dont you think big institutional buyers would have figured that out by now or would have participated in the private placement ??  

[tannin]

Nope...big institutional buyers are, in general, very restricted in their choices, both by mandate, and because they rarely like to 'take chances' ....except where others of their field are taking the same chances, sort of, an approved gamble/long shot. Few step off the beaten path, and for a penny stock on junior exchange....almost never...take a brave money manager who is very sure of

[RayDonovan78]

exactly, they are smart enough not to answer the phone !!!

[Givmeabreak]

Not interested in a $.07 (pre-consolodation) stock that has a history of disappointing just about every investor. You have skin in the game? Try to unload your stock and see what happens to the SP. This things a mutt!

[tannin]

Another reason for fund not to invest, v hard to buy or sell any volume of shares without massively affecting sp. Not a negative reflection on FLY, just the reality of a small cap.

[RayDonovan78]

Keep trying Tannin.......Not true at all, there are MANY small caps on the venture that trade good volumes. If you actually followed flyht before managements disasterous decision to consolidate it used to trade with decent volume. I probably made 40-50K over a couple years day trading this 10 years ago, hence why I am sitting on "free" shares. You probably dont even know this trades in

[RayDonovan78]

I did not see a min hold period for the recent PP/Dilution. So maybe the smart ones already got out in the late August/Sept run up. Thylor, you should have taken the 15-20% and kissed this goodbye..If you bought a mill $$$, that would have been a quick gain of $150-$200K, instead now your in the hole.... 

[Thylor09]

Ray I am still long.  Bulk of my buying was onthe  75 cent deal, but i added some more little lower as well Curreny Cost 73.4 cents Current price 72/73 ps I am not in this for a quick flip pps Will add more on good news

[RayDonovan78]

But WHY ????  Lol.

[tannin]

But WHY....is what I ask you Ray. You hold FLY because they're 'free' shares.... that's money invested Ray; should be where it'll make the best return. Doesn't matter what the shares cost you. Every investment is the same, doesn't matter what it cost, or whether in profit or loss..only matters that it's where the best return is to be made. (only caveat relates to

[RayDonovan78]

Tannin the more you post the less knowledgeable you appear. These "free share's" are a very small fraction of what I hold and are just part of my gambling fun money, not an investment. I have made a killing on qualtity stocks which are blue chip investments. Tannin, you obviously will learn the hard way what an investment is and is not, most penny stocks on the venture are there for

[Thylor09]

Ray, Lets see how 2022 plays out for the company. Ray, I don't think you have done any detailed work on this company for a long time. I have done a lot of analysis on FLY and I think the company could close a number of deals this year. Some of them later in the year,ie. 3q/4q, could be very large.

[Coffeeme]

That would be great if that happened!  Thylor, what information do you have that shows that they are close to some big deals?  Talking to managment or just a hunch?  It has been my experience that bigger airlines can take 18 to 24 months to even decide to analyze the benefits to the airline never mind actually consider buying. Airline budgeting cycles can be 1 to 2 years in advance.

[RayDonovan78]

Thylor, You are absolutely right, I have not looked deep into this company for many years and why would I ?? I have listened to the noise in years past that the next quarter will be better...and sales this, and sales that..... All they do is disappoint shareholder over and over. I believe they had the first to market opportunity with their products 10 years ago but couldn't get the job done