Category: Baystreet Newswire
Company: Financial Press
Date: Thursday, September 12, 2013
(Financial Press - Sept 12, 2013) - Did You know? :
For the first time in history, live data can be instantly streamed to and from an aircraft……..Anywhere in the world
There is a preconceived notion that aircraft anywhere in the world, at all times are connected with data and with voice to air traffic control on the ground. This is not the case.
Ground to air communications have changed little since the second world war and 75% of the world is absent of radar coverage for commercial aircraft.
The 2009 Air France 447 disaster revealed to the public, multiple weaknesses in modern aviation technology and safety.
Flight 447 was an airbus A330 aircraft that left Brazil enroute to France and disappeared over the Atlantic Ocean. It took 7 hours before ground operations in France knew the aircraft was in the water. They did not know where the plane went down. It seems impossible that in this day and age, we had a modern airliner crash into the ocean, and no one knew where it was. It took 2 years and over 100M Euros to recover the flight recorder.
Introducing the solution : Flyht Aerospace Solutions and its AFIRS technology
Flyht Aerospace Solutions ( TSXV:FLY ) :
Currently trading in the .37 cent range following a recent break out in the stock. Shipments from the Airbus factory likely to commence by year end.
See below for excerpts from Blumont Capital's Hugh Cleland’s annual update.
Click here for the complete update on FLY from Blumont Capital’s Fund Manager Hugh Cleland
Here is an Excerpt from the Flyht ( FLY ) Summary :
So why do I still believe that Flyht can be one of the big winners for the fund? The next 4 months promise to be the most exciting in the company's history, with many of the long-term, game-changing initiatives beginning to bear fruit simultaneously.
Perhaps the most significant from an industry standpoint is the beginning of assembly line installation at Airbus in Q3 (under the L-3 contract), with shipping from the Airbus factory to commence by the end of 2013. An equally significant opportunity is for the retrofit of existing Airbus fleets at major airlines: during the Q1 conference call on May 8, management was very specific that they expect to announce 2 fleet retrofits by the end of 2013; during the Q2 conference call, management stated that there are more than 2 such opportunities, and that, specifically, the 150+plane opportunity with a South American operator (discussed on the Q1 conference call) was "secured" with respect to the L3-to-end-customer side of the equation, and that the PO to Flyht would come "in due course". As to what Airbus’s future plans might be for the AFIRS system on the Airbus assembly line, a November 14, 2012 speech by Mr Marc Ballion (International Safety Program Director at Airbus) gave a tantalizing hint. He was quoted by a Nigerian newspaper, as follows: "Mr Marc Ballion said AFIRS would automatically be fixed on all Airbus planes from 2015…He said…'We have to be predictive and pro-active in our approach to the safety of airplanes and passengers…We don’t have to wait for an accident to occur before we take steps.'