Discovery Air Inc. announces NWT Stanton Territorial Health Authority Air Ambulance Contract

LONDON, March 6, 2008/CNW/

pleased to announce that its wholly owned subsidiary, Air Tindi Ltd., in partnership with Aklak Air, has been awarded a five year contract with an option for an additional two years, to provide dedicated air ambulance services on behalf of the Northwest Territories Government through the Stanton Hospital in Yellowknife. Air Tindi has been the provider of this service to Stanton Territorial Health Authority for the last 12 years. This is the second long term contract that Air Tindi has secured over the last 12 months, the first, originally press released on April 23, 2007, being to provide passenger and cargo transportation in support of the Northwest Territories’ diamond mining industry.

Mr. Taylor stated, “We are very pleased to continue to support the Northwest Territories’ Government in the provision of this essential aviation service. Customers like Stanton Hospital are consistently demanding specialized services of enhanced quality and scope which often require our operating units to access new capital for the purchase of new assets and the development of enhanced infrastructure. Discovery Air was designed to provide just that - access to affordable capital to support business growth.”

Mr. Alex Arychuk, President of Air Tindi stated, “This contract award is not only a testament to Air Tindi’s capability as an aviation service solution provider, but also to the company’s long term commitment to supporting essential services which will benefit the citizens of the North. We live here and we work here, and we are committed to applying our experience and expertise to continually enhance the quality of life here in the North.”

Discovery Air's mission is to build shareholder value by creating an alliance of profitable aviation businesses that can realize synergies, economies of scale and deliver safe, professional air services to clients in selected niche markets.

Discovery Air’s Class A common shares trade on the Toronto Stock Exchange under the symbol DA.A.

Discovery Air’s Debentures trade on the Toronto Stock Exchange under the symbol DA.DB.

FOR FURTHER INFORMATION PLEASE CONTACT:

Wade MacBain

Director of Investor Relations

Phone: 519.951.3580

Toll-free: 866.903.3247 ext. 3580

E-mail: wadem@discoveryair.com

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