FLYHT Receives TSX Venture Exchange Approval for Warrant Price Amendment

CALGARY, ALBERTA--(Marketwired - Dec. 15, 2015) - FLYHT Aerospace Solutions Ltd. (the "Company" or "FLYHT") (TSX VENTURE:FLY)(OTCQX:FLYLF) has received approval from the TSX Venture Exchange (the "Exchange") to amend the exercise price of the share purchase warrants (the "Debenture Warrants") that were originally issued on December 23, 2010 in connection with the Company's private placement of Debentures, to $0.20 per Debenture Warrant. The Debenture Warrants that were approved for the amendment consist of an aggregate of 3,948,750 Debenture Warrants due to expire on December 23, 2015. The exercise price is now $0.20 per Debenture Warrant (previously the exercise price was $0.75 per Debenture Warrant).

For further information on the original issuance of the Debentures and the Debenture Warrants - please see the Company's press releases dated December 23, 2010, December 22, 2014 and December 8, 2015.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT's triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT's latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.