AeroMechanical ServicesQ2 2011 Results

DisclaimerForward Looking Statements

This discussion includes certain statements that may be deemed “forward-looking statements” that are subject to risks and uncertainty. All statements, other than statements of historical facts included in this discussion, including, without limitation, those regarding the Company’s financial position, business strategy, projected costs, future plans, projected revenues, objectives of management for future operations, the Company’s ability to meet any repayment obligations, the use of non-GAAP financial measures, trends in the airline industry, the global financial outlook, expanding markets, research and development of next generation products and any government assistance in financing such developments, foreign exchange rate outlooks, new revenue streams and sales projections, cost increases as related to marketing, research and development (including afirs 228), administration expenses, and litigation matters, may be or include forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on a number of reasonable assumptions regarding the Canadian, U.S., and global economic environments, local and foreign government policies/regulations and actions and assumptions made based upon discussions to date with the Company’s customers and advisers, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include production rates, timing for product deliveries and installations, Canadian, U.S., and foreign government activities, volatility of the aviation market for the Company’s products and services, factors that result in significant and prolonged disruption of air travel worldwide, U.S. military activity, market prices, foreign exchange rates, continued availability of capital and financing and general economic, market, or business conditions in the aviation industry, worldwide political stability or any effect those may have on our customer base. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.

Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to have been correct. The Company cannot assure investors that actual results will be consistent with any forward-looking statements; accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are current only as of the date of this document. The Company disclaims any intentions or obligation to update or revise any forward-looking statements or comments as a result of any new information, future event or otherwise, unless such disclosure is required by law.

www.flyht.com AMA : TSX-V

Q2 Highlights

• AFIRSTM 228 contract update

• AFIRS 228 development schedule

• BEA Report

• Nigeria update

• Financial Summary

News from Q2

• Two new AFIRS 228 customer contracts

• Expanded certification approval capability from Transport Canada

• Charles Pollard joins board of directors

• Chinese Patent for AFIRS

AFIRS Contracts

AFIRS 220• Two Boeing 737-300 Aircraft

for a Middle Eastern OperatorAFIRS 228• Two Bombardier CRJ-900

Series Aircraft • Three Boeing 737-800 Aircraft

for ACARS over Iridium solution

• First commercial installs early Q4 2011

AFIRS 228 development schedule

• On budget and on schedule• 228B: Environmental testing first week of

September 2011• 228B: First commercial installs early Q4

2011• 228S (safety services certified):

Environmental testing first week of November 2011

• 228S: Completion Q2 2012

BEA Safety Recommendation• French government accident investigator’s

third interim report on AF447

• Recommends mandatory triggered data transmission on aircraft in flight

• AMA participated in the BEA data recovery and data transmission working groups

• Only group to demonstrate real-time streaming of black box data from flight

• When triggered, FLYHTStreamTM transmits data to the ground in real time

BEA Safety Recommendation

The BEA recommends:

“that EASA and ICAO make mandatory as quickly as possible, for airplanes making public transport flights with passengers over maritime or remote areas, triggering of data transmission to facilitate localisation as soon as an emergency situation is detected on board” (from page 81 of the report)

Nigeria

• Second operations centre

• US $400,000

• Continued sales and marketing efforts to airlines

Financial Summary- Q2 2011*

• GAAP Revenue increased 7.3% to $1.3 m

• Gross margin as % of revenue increased to 59.8% from 55.9%

• R&D costs decreased 61.3% to $0.6 m

* Comparisons are between Q2 2011 and Q2 2010

Financial SummaryCustomer growth in flight hours, flights and recurring revenueSix months ended June 30, 2006-2011

Financial Summary

Working Capital and Debt as at June 30 • Modified working capital $ 3.3 million

• Long term debt $ 2.7 million

Capitalization: Shares Outstanding• Basic 118,630,466

• Diluted 144,861,553

• Management, directors, officers > 5.5% of equity

Additional Information

• AMA’s updated Fact Sheet and full Q2 2011 Report are available at www.flyht.com

Questions

Conference call with Bill Tempany, CEO and Tom French, CFO and VP Finance

Monday, August 22, 2011 at 2 pm MT (4 pm ET)

Canada & USA Toll Free: 1-800-319-4610

Outside of Canada & USA call: +1-604-638-5340

Questions can be asked live or e-mailed to: investors@flyht.com