FLYHT Named to the TSX Venture Exchange “Venture 50”

Calgary, Alberta – February 21, 2023 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced that the Company has been named to the 2023 TSX Venture 50, an annual ranking of the top performers on the TSX Venture Exchange (the “Exchange”).

Kent Jacobs, Interim CEO commented, “FLYHT is thrilled to be recognized as a Top 50 performer of the 1,700 TSX listed companies for superior market capitalization growth, share price appreciation, and shareholder returns. With our continued focus on transitioning to SaaS and rolling out the 5G enabled AFIRS Edge, we look forward to further driving operational excellence in the aviation industry and expanding our weather products with sustainable environmental solutions.”

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 inflight. 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.

CrossConsense, FLYHT’s wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation. For more information, visit http://www.flyht.com.

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