FLYHT signs contracts with six new airlines

FLYHT has signed contracts over the past six months with six new airlines including three in China, for a total of 13 aircraft, that will install the Automated Flight Information Reporting System (AFIRS) and/or sign up for UpTime products, generating recurring revenue. Aggregate revenue on all six contracts will be approximately US$615,000 provided FLYHT completes all installations and provides recurring revenue services for the full terms of the agreements. Optional services are available to the customers in addition to what has been ordered.