FLYHT Reports Fourth Quarter and Full Year 2020 Results, Provides Corporate Update - Seite 3

Additional Information

FLYHT’s 2020 Annual Report, which contains more detailed information including the CEO’s Letter to Shareholders, Management Discussion and Analysis and Financial Statements, can be accessed on the Company’s website. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

Corporate Update

Barry Eccleston, Executive Chairman of FLYHT, has decided to not run for re-election at the AGM. Barry says, “It has been a pleasure working with the board and staff at FLYHT and that I feel confident that the recent changes in management have the company on a strong course to thrive as the airline business recovers from the pandemic. I have always believed in the FLYHT technology and the need the industry has for it and the current direction with Actionable Intelligence, using JetBridge technology, will serve the company’s customers and prospects well to emerge healthier and more agile than pre-pandemic. It has been a pleasure to serve the shareholders of FLYHT and I wish the company, its staff, customers and shareholders every success in the coming years.”

Bill Tempany, Interim CEO stated, “It has been a pleasure to work with and get to know Barry over the last 7 years. For him to be able to carve out the time and energy to give a small company like ours the insights he has of the industry, business and trends has been an immeasurable help to me and to the staff, and has given us a foundation to build on. We will all miss having Barry’s insights, humour and guidance but also understand that after 5 plus decades of hard work, retirement is supposed to mean taking time for your own passions and family. We wish Barry many days of clear skies while he perfects his flying techniques, zero IROP issues while he and Valerie enjoy their many planned activities once the COVID beast is defeated and many years to take advantage of the time well earned while helping aviation in general become a safe, clean, great industry.”

The board will leave the vacancy unfilled and a chairman will be elected from among the elected directors after FLYHT’s AGM in May.

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.