Breaking News: Flyht’s Arrangement Approved – A Major Milestone Achieved!
CALGARY, AB / ACCESSWIRE / December 18, 2024 / FLYHT Aerospace Solutions Ltd. (“FLYHT” or the “Company”) (TSXV:FLY)(OTCQX:FLYLF) today announced that, further to its new releases dated October 21, 2024, November 25, 2024 and December 16, 2024, the Court of King’s Bench of Alberta (the “Court”) granted the final order of the Court approving the previously announced plan of arrangement under the Canada Business Corporations Act (the “Arrangement”) pursuant to which Firan Technology Group Corporation (TSX:FTG) (OTCQX:FTGFF) (“FTG”) has agreed to acquire all of the issued and outstanding common shares of FLYHT in a cash and share transaction valued at approximately CAD$13.2 million.
The aviation industry is constantly evolving, with companies seeking innovative ways to improve their operations and services. One such company, FLYHT Aerospace Solutions Ltd., has recently reached a significant milestone with the approval of its arrangement by the Court of King’s Bench of Alberta. This marks a major achievement for FLYHT and sets the stage for a new chapter in its journey.
FLYHT’s agreement with Firan Technology Group Corporation to be acquired in a cash and share transaction valued at CAD$13.2 million demonstrates the confidence and potential that investors see in the company. This strategic move is expected to enhance FLYHT’s capabilities, expand its market reach, and position it for further growth and success in the aviation sector.
With this development, FLYHT is poised to strengthen its position in the industry and capitalize on new opportunities for collaboration and innovation. The merger with FTG represents a coming together of complementary strengths and expertise, paving the way for enhanced solutions and services for customers worldwide.
As FLYHT embarks on this new chapter, it is set to unlock fresh possibilities and drive value for its stakeholders. By joining forces with FTG, FLYHT can leverage synergies, resources, and technology to deliver cutting-edge products and solutions that meet the evolving needs of the aviation market.
Overall, FLYHT’s approved arrangement signifies a momentous achievement that underscores its commitment to excellence, growth, and strategic development in the aviation industry. This milestone sets the stage for a promising future filled with innovation, collaboration, and success.
How this will affect me:
As a shareholder or investor in FLYHT Aerospace Solutions Ltd., the approved arrangement with Firan Technology Group Corporation represents a positive development that can potentially enhance the value of your investment. The merger with FTG could lead to increased growth opportunities, expanded market reach, and improved offerings that benefit both companies and their stakeholders.
How this will affect the world:
The approved arrangement between FLYHT Aerospace Solutions Ltd. and Firan Technology Group Corporation has the potential to impact the aviation industry on a global scale. The collaboration between these two companies could result in the development of innovative solutions, advanced technologies, and enhanced services that benefit airlines, passengers, and aviation stakeholders worldwide.
Conclusion:
In conclusion, the approval of FLYHT’s arrangement marks a significant milestone in the company’s journey and opens up new opportunities for growth, collaboration, and innovation. With the merger with FTG, FLYHT is well-positioned to drive value, deliver excellence, and make a lasting impact in the aviation industry. This achievement not only benefits the company and its stakeholders but also has the potential to bring positive advancements to the global aviation sector.
