FLYHT Aerospace Solutions Ltd.
OTCQX : FLYLF
TSX VENTURE : FLY

FLYHT Aerospace Solutions Ltd.

July 20, 2015 07:04 ET

FLYHT Hires Vice President Sales and Marketing, David Perez

CALGARY, ALBERTA--(Marketwired - July 20, 2015) - FLYHT Aerospace Solutions Ltd. ("FLYHT" or the "Company") (TSX VENTURE:FLY) (OTCQX:FLYLF) is pleased to announce Mr. David Perez has joined FLYHT as Vice President Sales and Marketing effective July 20, 2015.

Mr. Perez has over 25-years of accomplishments in the aviation industry. Most recently he served as Director of Travel and Transportation at Hewlett-Packard ("HP"), where he leveraged his industry expertise to secure many strategic aviation agreements. Prior to HP, David was with EDS where he assisted aviation clients in identifying cost saving opportunities. He also brings added experience from his career at two industry leaders, Sabre and American Airlines.

"FLYHT is thrilled to add a VP Sales and Marketing of David Perez's caliber to our team," remarked Matt Bradley, President of FLYHT. "He brings deep experience and knowledge of the aviation industry and aviation systems along with a background in client relationship building. His leadership, along with the recent additions to the sales team and the Ascend Group's efforts, will extend FLYHT's presence in the industry and launch greater awareness of AFIRS' capabilities."

"I'm excited by the valuable opportunities FLYHT brings to the aviation industry, as well as the potential of creating additional profitable revenue streams that will enhance the Company's shareholder value," commented Mr. Perez. "FLYHT is uniquely positioned to provide global flight tracking and data analysis to the aviation market."

As part of his appointment as FLYHT's VP Sales and Marketing, Mr. Perez will be granted incentive stock options of the Corporation for a total of 250,000 common shares of the Corporation at a price determined by the board of directors at their next meeting, expiring on December 31, 2018, under the formal stock option plan approved at the Annual General Meeting held in June 2015, subject to regulatory approval. A maximum of 10% of the issued shares are reserved for issuance under the Corporation's Stock Option Plan. The options vest immediately and are subject to a four month hold period.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT's triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT's latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

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