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Bullboard - Stock Discussion Forum FLYHT Aerospace Solutions Ltd V.FLY

Alternate Symbol(s):  FLYLF

FLYHT Aerospace Solutions Ltd. provides solutions for the aviation industry. The Company's aircraft certified hardware products include Automated Flight Information Reporting System (AFIRS), AFIRS Edge, Tropospheric Airborne Meteorological Data Reporting (TAMDAR) and FLYHT-WVSS-II. AFIRS is an aircraft satcom/interface device, which enables cockpit voice communications, real-time aircraft state... see more

TSXV:FLY - Post Discussion

FLYHT Aerospace Solutions Ltd > Re: Q4 2023 results due out soon, and some STC news
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Post by CF105 on Apr 10, 2024 10:01am

Re: Q4 2023 results due out soon, and some STC news

It will be well into April, it seems, before we get to see the Q4 2023 results. If we are to receive the usual one week advance warning, news won't come out until at least the 17th. 

The last time I remember the results being released late was Q2 2015 when the news release came out on the 25th August 25th. I have always wondered, though, if management held that quarter back waiting for news to go with it. Big news did follow about a month later when FLYHT announced a contract with AVMAX for AFIRS to be installed on 146 aircraft over seven years.

With the acquisition of the STC for the Edge for Airbus received Feb. 25th, and the receipt of the STC for the Edge on Boeing anticipated any day now (per slide 9 in the March presentation), one would think good news, important news, is pending.

https://flyht.com/investors/news-and-media/view/flyht-receives-stc-certification-for-the-afirs-edgetm-on-airbus-a320-aircraft/

https://flyht.com/wp-content/uploads/2024/03/FLY_Invst_Pres_March-2024.pdf


--  --  --  


2024-04-08... A new STC for the Dash 8 400 series in Europe speaks to the extended life of the global fleet of DHC-8 aircraft.  https://www.easa.europa.eu/download/stc/STC_WebList.pdf

Look for "TCCA SA15-63 ISSUE 2", EASA page 1440 of 1881. In Canada, search for certificate # SA15-63. https://wwwapps.tc.gc.ca/Saf-Sec-Sur/2/nico-celn/c_s.aspx?lang=eng


Management no longer shows the STC table on the website, but it does still appear in the quarterly reports. Q3 2023's table shows a blank where the approval would be noted for the 400 under EASA if FLYHT had had it at that time.

The table just happens to be on that same slide 9 noted above.

The 400 is no longer being built (production ended in 2021), but the planes are very popular for what they can do and the 400's are likely to one day get the same service extension that the smaller 100's got recently.

I wonder if the airline that has brought up the need for this certification is in Africa. African countries do not have their own aviation jurisdiction so they may be using EASA or FAA standards.

How many aircraft this STC will apply to is not publicly known.


De Havilland: About Dash 8 Series Aircraft...

"The original De Havilland Canada Dash 8-100/200/300 aircraft, delivered from 1984 through the mid 1990's, established themselves as rugged and reliable turboprop aircraft. Capable of outstanding take-off and landing performance, even on unprepared airstrips, these aircraft are ideal for use by airlines operating in the high-frequency, short-haul regional airline environment."


"The Dash 8-400 aircraft has proven its reliability and flexibility in Africa’s most challenging environments, including the hot and sandy regions in North Africa and the Ethiopian Highlands. The aircraft’s hot and high operational capability, along with its jet-like speed and comfort -- while retaining turboprop economics -- are well suited for Africa and contribute to the aircraft’s diverse customer base."
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