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Last C$0.23 CAD
Change Today -0.005 / -2.17%
Volume 247.0K
FLY On Other Exchanges
As of 3:59 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

flyht aerospace solutions lt (FLY) Snapshot

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04/2/14 - C$0.72
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flyht aerospace solutions lt (FLY) Details

FLYHT Aerospace Solutions Ltd. designs, develops, and services real-time data communication solutions for the commercial, business, and military aircraft operators worldwide. Its solutions enable communication between pilots and ground support. It offers AFIRS UpTime, an automated flight information reporting system installed on aircraft that monitors functions from the plane and the black box, and provides voice and text messaging capabilities that enable pilots to communicate with ground support; and FLYHTStream, a technology that performs real-time triggered alerting and black-box data streaming in the event of an emergency on the aircraft. The company also offers FLYHT fuel management system, an interactive application that answers key questions by generating alerts and providing the user with the ability to identify trends; and fuel initiative reporting system tracker, a tool that eliminates uncertainty about the effectiveness of an airline’s fuel savings initiatives. In addition, it provides The Dragon, a portable satellite communications device, which allows real-time voice and data communications enabled by the Iridium satellite network connected through the cockpit and the pilot’s headset; and underfloor stowage unit that offers the flight crew with additional stowage space in the cockpit. The company was formerly known as AeroMechanical Services Ltd. and changed its name to FLYHT Aerospace Solutions Ltd. in May 2012. FLYHT Aerospace Solutions Ltd. was founded in 1998 and is headquartered in Calgary, Canada.

Founded in 1998

flyht aerospace solutions lt (FLY) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$192.0K
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2013.

flyht aerospace solutions lt (FLY) Key Developments

Flyght Aerospace Solution Ltd Presents at Cantech Investment Conference, Jan-15-2015 11:30 AM

Flyght Aerospace Solution Ltd Presents at Cantech Investment Conference, Jan-15-2015 11:30 AM. Venue: Metro Toronto Convention Centre, 255 Front Street West, Toronto, ON, M5V 2W6, Canada.

FLYHT Aerospace Solutions Ltd. Signs a Contract for the Automated Flight Information Reporting System

FLYHT Aerospace Solutions Ltd. reported that it has signed a contract for the Automated Flight Information Reporting System with a North American airline specializing in cargo operations. The AFIRS 220 is already installed on two of the airline's recently acquired Boeing 767-300 aircraft, which they purchased from another FLYHT customer. After understanding what the technology and its benefits were, the Customer purchased three additional AFIRS 228 for their B767-200 aircraft. The airline will take advantage of the suite of FLYHT's tools including automated Out, Off, On and In times, flight following, engine exceedance reports, quick access recorder flight data, global voice communications enabled by the Iridium satellite network and added AFIRS features on demand. FLYHT will provide equipment and services to the airline over a five-year contract with automatic yearly renewals after the initial term. The company has the necessary Supplemental Type Certificates for the B767-300s, though needs to secure an STC for the B767-200s, which is anticipated to take up to one month. The airline will be able to turn on services immediately for the aircraft already equipped with the AFIRS 220. If FLYHT completes installation on all five contracted aircraft and provides recurring service for the full term of the agreement, gross revenue to FLYHT will be approximately $593,250, excluding optional services.

FLYHT Aerospace Solutions Ltd. Reports Financial Results for the Third Quarter Ended September 30, 2014

FLYHT Aerospace Solutions Ltd. reported financial results for the third quarter ended September 30, 2014. For the quarter, the company reported revenue of $1,808,794. Net loss was $1,653,147, compared to $615,950 a year ago. Normalized net loss was $1,132,162 (before $520,985 one-time charges for severance, recruitment and relocation costs incurred in the quarter), compared to $1,909,782 in second quarter (before the SNC litigation settlement and one-time charges).


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