SOURCE: FLYHT Aerospace Solutions Ltd.

FLYHT Aerospace Solutions Ltd.

November 28, 2016 09:32 ET

FLYHT Contracts with a Maintenance Repair Company in China

CALGARY, AB--(Marketwired - November 28, 2016) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the "Company" or "FLYHT") today announced a contract with Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO) to provide repair services to FLYHT's customers in the People's Republic of China (China). GAMECO specializes in aircraft and airborne component maintenance, repair and overhaul (MRO).

Pursuant to the contract, GAMECO will operate a repair depot located in Guangzhou to service the Automated Flight Information Reporting System (AFIRS™) units purchased by FLYHT's customers in the region. The contract appoints GAMECO as the sole service centre in China for FLYHT supplied and serviced products.

"With the growth of the market for AFIRS in China, we wanted to introduce maintenance support in the region to provide service alternatives for our customers," remarked FLYHT's VP, Operations and Customer Fulfillment Matieu Plamondon. "FLYHT's business in China has grown significantly in the last few months. We currently have a total of 19 customers and continue exploring new relationships with other interested parties in the region."

Contracting for repair depot services in China was an important milestone in the 2016 "FLYHT Plan", the Company's annual goals.

"GAMECO is very excited about entering this partnership with FLYHT Aerospace Solutions. We are committed to delivering excellent service on FLYHT's products. Together, we want to benefit customers, offering them an easy support solution right here in the region. This is an important step for us in our future development," stated GAMECO's Manager of the component business centre, Jin Yao Ming. "Nowadays, GAMECO is putting more focus on developing markets abroad."

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT's proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT's UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.3 million aggregate flight hours and 1.5 million flights on customers' aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

About GAMECO

Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO), established in October 1989 at Guangzhou Baiyun International Airport, is a joint venture between China Southern Airlines Co. Ltd. (CSN) (50%) and Hutchison Whampoa (China) Ltd. (HWCL) (50%) from Hong Kong, that specializes in aircraft and airborne component maintenance, repair and overhaul.

As a MRO approved by CAAC, FAA, EASA and many other aviation authorities in the Asia-Pacific Region, and as a Civil Aircraft Designated Modification Design Organization Representative (DMDOR) and with a CAAC-PMA Certificate approved by the Central & Southern Regional Administration of CAAC, GAMECO is capable of performing multi-levels of aircraft maintenance checks, modification and engineering services on multiple aircraft types of Boeing, Airbus and Embraer aircraft. The company operates a state-of-art Component Business Center, providing extensive component repair & overhaul services to customers and supporting very competitive, internal maintenance schedule commitments.

Join us on social media!

www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

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.

Contact Information

  • Contact Information
    FLYHT Aerospace Solutions Ltd.
    Nola M. Heale, CPA, CA
    Chief Financial Officer
    403-291-7425
    nheale@flyht.com

    Investor Relations
    The Howard Group Inc.
    Dave Burwell
    Vice President
    (888) or (403)-221-0915
    dave@howardgroupinc.com