FLYHT updates sales deal worth US$6.94 million
FLYHT Aerospace Solutions Ltd. has announced it has signed an amendment to the contract announced on Oct. 3 with an Information Technology (IT) company that implements data solutions for Chinese commercial aviation operators in the People's Republic of China.
November 15, 2016 By Marketwired
The contract amendment is for the sale of the Automated Flight Information Reporting System (AFIRS) 228S for an increase to an approximate value of US $6.94 million, from the initial sales agreement of US $4.26 million, assuming FLYHT provides the hardware over the full term of the five-year agreement. FLYHT’s data services may be added in the future, further increasing the value of the contract. The other terms of the contract remain unchanged.
“FLYHT is pleased to sign an amendment to our current agreement with this IT company. The airline client of the IT company has decided to purchase more aircraft than planned and wants AFIRS on their fleet. This amendment will cover the revised fleet size,” remarked Michael Fang, FLYHT’s vice president China sales.