FLYHT signs key contract with Maldivian airline
May 15, 2013, Calgary - FLYHT Aerospace Solutions Ltd. reported today that it has signed a contract with a scheduled Maldivian airline for the Automated Information Reporting System 220 and 228B.
The contract requires FLYHT to install the AFIRS 220 on one Boeing 757 and AFIRS 228B on two Boeing 767 aircraft for an operator in the Maldives. The airline will use AFIRS to provide real-time flight data monitoring. The customer will benefit from all AFIRS 220 features including automated Out, Off, On and In times, airframe and engine exceedances, flight tracking and satellite voice communications.
FLYHT will provide equipment and services to the airline over a five year contract with automatic yearly renewals after the initial term. Installations are anticipated to begin in the second quarter of 2013. If FLYHT completes installation on all contracted aircraft and provides recurring service for the full term of the agreement, gross revenue to FLYHT will be approximately U.S. $480,000, excluding optional services. The agreement includes the option to upgrade, at an additional charge, to the AFIRS 228S technology if the customer wishes. FLYHT has all necessary certifications to commence installations immediately.