FLYHT receives $2.8M WINN funding
November 27, 2018 By Helicopters Staff
FLYHT Aerospace Solutions Ltd., headquartered in Calgary, Alberta, received a $2.76 million interest-free WINN repayable loan by Western Economic Diversification Canada.
In early 2018, FLYHT applied for WINN funding to support the design and development of an updated Automated Flight Reporting System (AFIRS), designed to leverage the company’s investment in existing aircraft certifications (STCs), UpTime Cloud, and business intelligence applications.
FLYHT explains the focus of its development over the past two years, supported by the first WINN repayable contribution (previously announced in November 2016), was to update the Real-Time Aircraft Intelligence and Communications analytics software applications and its UpTime Cloud portal. These updates focused on alerts, notifications and to provide customers with actionable intelligence captured by the AFIRS product with data collected from the aircraft.
“Obtaining WINN funding for a second design and development project is validation that the work we are doing innovating aviation safety and business analytics is important,” said FLYHT’s program manager Flint Walters. “With support like this, we can grow and build our aerospace talent and expertise in Alberta and continue to deliver cutting edge products to our aviation customers.”
With the support of this federal funding, FLYHT explains it will design a new generation of AFIRS hardware and embedded software to address parts obsolescence issues and add new features. The new product will also leverage what FLYHT describes as its expansive library of STCs to provide a faster upgrade path for existing aircraft installations – making it easier for customers to access safety and business analytics.
“Innovation in digital technology is essential to growing our economy, attracting investment, and creating good, middle-class jobs. This is why the Government of Canada is supporting small- and medium-sized businesses like FLYHT in bringing new technologies and ideas to market,” said Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada.