FLYHT Aerospace Solutions Ltd. and Bermuda Aviation Asset Management Ltd. dba Coral Jet ("Coral Jet"), announced the signing of an agreement to equip Coral Jet's future fleet of seven A319/320 aircraft with AFIRSTM and to provide SaaS services from FLYHT's Actionable Intelligence suite of applications. Coral Jet is a start up airline that will serve the Caribbean, United States, and Canada with plans to increase its aircraft fleet over the coming years. Installations will start early in the second quarter of 2022.

The contract is expected to generate revenue of approximately USD 760,000 over the five year contract term, with potential for increases as Coral Jet's fleet grows.