FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) announced today that its Chinese airline Software as a Service (SaaS) launch customer has augmented their services with the Company’s FLYHTHealth aircraft monitoring system. The contract is worth approximately USD$1.1 million, assuming services are delivered over the 5-year contracted period and the airline adds aircraft to its existing fleet according to its capital expansion plan. This airline originally purchased FLYHTLog (previously announced on August 15, 2016), and will use FLYHTHealth to proactively monitor and enhance their aircraft maintenance regimen through real-time exceedance reporting for their fleet of Bombardier CRJ aircraft in the People’s Republic of China.
“We are extremely pleased that our customer has added FLYHTHealth to the services already in use on their fleet,” said Michael Fang, FLYHT vice president of China sales. “FLYHTHealth helps airlines maintain and improve operational safety and efficiency through proactive aircraft system health reporting. As seasoned airline operators know, the earlier the operations and maintenance teams can address, for example, an engine vibration that exceeds the aircraft’s specified operating tolerances, the less costly it is to repair such equipment.”
Source: FLYHT Aerospace Solutions Ltd.
Date: Nov 5, 2018