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Press release from Marketwire

FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) Receives Exchange Approval to FLY

Thursday, May 17, 2012

FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) Receives Exchange Approval to FLY11:42 EDT Thursday, May 17, 2012CALGARY, ALBERTA--(Marketwire - May 17, 2012) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) ("FLYHT" or the "Company") has received confirmation from the TSX Venture Exchange that it will commence trading today under its new trading symbol "FLY". On May 9, 2012 the shareholders of FLYHT (formerly AeroMechanical Services Ltd. (TSX VENTURE:AMA) approved a corporate name change to FLYHT Aerospace Solutions Ltd. "We have received positive feedback about the name change from investors and stakeholders," commented Bill Tempany, President and CEO of FLYHT. "We think FLY is a great trading symbol because it stands out and also represents the new name, our business and the market we're in. This change marks another milestone in the Company's evolution."FLYHT has received the necessary approvals from the Government of Canada and the Alberta Government.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 Company has been publicly traded on the TSX Venture Exchange since 2003 and recently changed its trading symbol from AMA to FLY. Shareholders approved a Company name change from AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd. in May 2012. AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of FLYHT Aerospace Solutions Ltd.Join us on social media! FOR FURTHER INFORMATION PLEASE CONTACT: Thomas R. French, CGAFLYHT Aerospace Solutions Ltd.VP Finance and CFO403-291-7427tfrench@flyht.comwww.flyht.comNeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.