FLYHT Signs Waltzing Matilda Aviation’s New Brand, Connect Airlines
May 04 2021 - 7:04AM
FLYHT Aerospace Solutions Ltd. (TSX-V: FLY)
(OTCQX: FLYLF) (the “Company” or “FLYHT”), a leader in providing
real-time insights and actions to improve global aviation
operations and profitability, today announced a multi-year contract
with U.S. charter operator Waltzing Matilda Aviation for its new
scheduled air carrier branded, Connect Airlines.
Under the terms of the five-year agreement,
FLYHT will install AFIRS and Actionable Intelligence (“AI”)
services on Connect Airlines’ entire fleet of DHC-8-Q400 turboprop
aircraft. FLYHT’s Actionable Intelligence solution includes voice
and text communications, engine and airframe exceedances,
situational display as well as automatic movement messages in the
initial installation. Future AI services are expected to include
fuel management, turn and airport apron operations, integrated
flight plan and emissions tracking, as well as features currently
under development with other AI launch customers. The initial
installs will commence within 45 days and will be part of the
certification of the new airline brand. The contract is expected to
generate revenue of approximately USD $1.0 million to FLYHT,
provided that all services are delivered over the 5-year term of
the agreement.
Bill Tempany, CEO of FLYHT, said, “We are
excited to begin a new relationship with Waltzing Matilda for their
new brand, Connect Airlines. As a provider of critical
infrastructure for communications and operational insights for
Connect Airlines, we are committed to providing the products and
services needed to support their launch and subsequent business
growth for years to come. It is also great to be part of the
unfolding recovery of aviation in North America.”
David Marcontell, COO of Connect Airlines, said,
“After an exhaustive review of alternatives, we chose FLYHT because
it provided our flight crew and operations team the technology,
data, and analytics to operate a highly efficient and reliable
airline, right out of the box. We look forward to a long and
mutually beneficial relationship with FLYHT as we connect our
guests to family, friends and colleagues with the highest standards
of air transportation service and reliability.”
Connect Airlines, a new airline commencing
operations in October 2021, will offer convenient service ideal for
the day-tripping US business traveler direct into Toronto’s
downtown Billy Bishop airport
About FLYHT Aerospace Solutions
Ltd.
FLYHT provides airlines with Actionable
Intelligence to transform operational insight into immediate,
quantifiable action, delivering industry leading solutions to
improve aviation safety, efficiency and profitability. This unique
capability is driven by FLYHT’s patented aircraft certified
hardware products including AFIRS™, a satcom aircraft interface
device which enables real-time streaming of flight information,
cockpit voice and black box data streaming and TAMDAR™, which
aggregates and streams airborne weather data in real-time. FLYHT is
headquartered in Calgary, Canada with an office in Littleton,
Colorado, and is an AS9100 Quality registered company. For more
information, view our latest presentation here, or
visit www.flyht.com
About Connect Airlines
Boston-based charter operator Waltzing Matilda
Aviation (WMA) is planning to launch a new scheduled airline later
this year targeting business traffic.
Connect Airlines will be based at Toronto’s
downtown Billy Bishop City Airport (YTZ), offering routes to points
in the northeast and Midwest US using Q400 turboprop aircraft. It
is hoped the start-up will be operational by October 2021.
Cautionary Note Regarding
Forward-Looking Statements
Except for statements of historical fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
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information in this press release includes, but is not limited to,
statements with respect to the anticipated/projected revenues and
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reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be
correct. We cannot guarantee future results, performance or
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actual results achieved will be the same, in whole or in part, as
those set out in the forward-looking information.
Forward-looking information is based on the
opinions and estimates of management at the date the statements are
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a variety of risks and uncertainties and other factors that could
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cautioned not to place undue reliance on forward-looking
information.
Contact Information:
FLYHT Aerospace Solutions
Ltd. |
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FNK IR LLC |
Alana Forbes |
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Matt Chesler, CFA |
Chief Financial Officer |
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Investor Relations |
403.291.7437 |
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646.809.2183 |
aforbes@flyht.com |
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flyht@fnkir.com |
investors@flyht.com |
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