FLYHT Aerospace Solutions Ltd. (the “Company” or “FLYHT”) is excited to announce it has entered into an agreement with an Information Technology (IT) Company that implements data solutions for Chinese commercial aviation operators in the People’s Republic of China for the sale of the Automated Flight Information Reporting System (AFIRSTM) 228S.
The initial contract for the sale of AFIRS 228S hardware is valued at approximately USD $4.26 million assuming FLYHT provides the hardware over the full term of the five (5) year agreement. FLYHT data services may be added in the future, further increasing the value of the contract.
“FLYHT is pleased to announce this contract which shows strategic growth in China,” remarked Michael Fang, FLYHT’s Vice President China Sales. “Our IT customer contracted this hardware purchase for just one of their airline customers using Embraer 190 and 195 aircraft. Should they choose to enable FLYHT’s real-time data, they will see enhanced benefits by feeding data to applications that manage, monitor and track aircraft. We look forward to future growth of this relationship as we explore opportunities to support their other airline customers.”
Installations are anticipated to begin once the necessary approvals of FLYHT’s Supplemental Type Certificates (STC’s) for the Embraer aircraft are received. It is anticipated that the General Administration of Civil Aviation of China’s (CAAC) approval for the E190 STC will be received in early 2017 and the application for the E195 STC will begin in early 2017.
Source: FLYHT Aerospace Solutions Ltd.
Date: Oct 3, 2016