Mr. Kent Jacobs reports

FLAIR AIRLINES AND FLYHT PARTNER FOR FUEL EFFICIENCY AND GREENHOUSE GAS EMISSIONS-RELATED HARDWARE AND SERVICES

Flair Airlines, Canada's leading independent ultralow-cost airline, and Flyht Aerospace Solutions Ltd. have signed an agreement for the purchase of Flyht's innovative hardware and services. Flyht will enable Flair to closely monitor its fuel and greenhouse gas emissions for every phase of flight operations, including when an aircraft is at the gate, taxiing, at idle, during takeoff and at cruise. The data allow Flair to find opportunities to increase fuel efficiency and reduce the carbon footprint on its fleet of Boeing 737 Max aircraft.

The two companies are headquartered in Alberta, Canada, with Flair headquartered in Edmonton, and Flyht headquartered in Calgary. Flair Airlines serves dozens of cities across Canada, the United States and Mexico with an ultralow-cost model and an expanding fleet of Boeing 737 Max aircraft.

"Flair is Canada's greenest airline, and so we are excited to initiate this program with Flyht, whose AFIRS Edge suite of products support our greenhouse gas emissions tracking and aggressive reductions targets," said Stephen Jones, president and chief executive officer of Flair Airlines. "We're proud to support a fellow Albertan aerospace company, headquartered in Calgary, which is a new base of operations for us and one of increasing importance. We also look forward to realizing benefits from the resulting improvements in operational insight and efficiencies in both customer service and on-time performance."

"This order is a significant milestone for Flyht as we have now formally begun to commercialize our innovative 5G-enabled AFIRS Edge solution," said Kent Jacobs, president and interim CEO of Flyht. "We look forward to supporting Flair Airlines as they seek to take full advantage of the power of our real-time data solutions to support their decision making."

This is the first agreement for Flyht's AFIRS Edge product to be installed on a Boeing 737 Max aircraft. The AFIRS Edge is an industry-first, 5G-enabled, wireless quick access recorder, which transmits data on the ground through cellular networks. The AFIRS Edge also provides aircraft interface device functionality and allows for remote system configuration and health management as well as over-the-air updates.

The agreement includes recurring software-as-a-service for ClearPort, FuelSense and AFIRS Gateway services. ClearPort is a turn management optimizer that helps improve on-time performance and provides auxiliary power unit fuel burn management. By maximizing the efficiency of turns, aircraft utilization can be increased and continual improvement opportunities can be identified. FuelSense provides insight into how airlines are performing against their operational standards, providing additional guidance toward fuel efficiency and emissions reductions. Finally, the AFIRS Gateway system provides a portal for data and device configuration, distribution and management.

The contract is valued at approximately $3.6-million (U.S.), provided that all products and services are delivered over the five-year term of the agreement. Flyht's AFIRS Edge products were developed with the support of Alberta Innovates and with repayable funding support from PrairiesCan through its Western Innovation initiative.

About Flyht Aerospace Solutions Ltd.

Flyht provides airlines with actionable intelligence to transform operational insight into immediate, quantifiable action, and delivers industry-leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by a suite of patented aircraft-certified hardware products. These include AFIRS, an aircraft satcom/interface device that enables cockpit voice communications, real-time aircraft state analysis and the transmission of aircraft data while in flight. The AFIRS Edge is a state-of-the-art 5G wireless quick access recorder (WQAR), aircraft interface device (AID), and aircraft condition and monitoring system (ACMS). The Edge can be interfaced with Flyht's TAMDAR probe or the Flyht-WVSS-II relative humidity sensor to deliver airborne weather and humidity data in real time.

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