Discovery Air - Making Ideas Fly

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  Discovery Air is a Tier One sponsor of the Discovery Air Hawk One Project – Celebrating 100 years of powered flight in Canada! To learn more, please visit www.hawkone.ca.

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  Headquartered in Yellowknife, Northwest Territories, Great Slave Helicopters and its group of companies is one of the largest helicopter operators in Canada.

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  Discovery Mining Services is a mining service and expediting company serving the needs of companies operating throughout Canada.

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  Air Tindi operates a diversified fleet of fixed-wing aircraft and offers air ambulance, tourism, cargo transport, charter flying and scheduled service across Canada’s north.

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  Discovery Air Defence Services is the prime supplier of Airborne Training services to the Canadian Army, Navy and Air Force.

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  Discovery Air Inc.’s Class A common voting shares and unsecured debentures trade on the Toronto Stock Exchange (symbols DA.A and DA.DB.A, respectively).

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  Discovery Air Technical Services (DATS) is a Transport Canada Approved Maintenance Organization (AMO 23-10)  with a wide range of capabilities. We are authorized to perform maintenance and modifications on all U.S. registered aircraft as listed in the U.S./Canada bilateral agreement (Ref. CFR 43.17) and under EASA 145 (European Aviation Safety Agency). 

Financial Highlights

Selected Financial Information

The unaudited interim condensed consolidated financial statements for Q4/13, including required comparative information, have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting. 

The table below summarizes selected financial information for the current and comparative periods:

Forward-looking information and statements are included in this earnings release.  Please refer to the statement regarding forward-looking statements contained in the Corporation’s Management’s Discussion and Analysis for the year ended January 31, 2013, which are incorporated herein by reference.  That statement provides an explanation as to what forward-looking statements are, and the specific factors, uncertainties and potential events that the Corporation has identified for the attention of readers.  When relying on forward-looking information and statements to make decisions, investors and others should carefully consider these factors and other uncertainties and potential events.

The Corporation’s audited consolidated financial statements and MD&A for the year ended January 31, 2013, have been filed concurrently and are available on the Corporation’s website at www.discoveryair.com and on SEDAR at www.sedar.com.  The reader is encouraged to review the audited financial statements and MD&A for the year ended January 31, 2013 for more complete disclosure on the Corporation’s financial condition and results of operations.

The Corporation’s Class A common voting shares and unsecured convertible debentures trade on the Toronto Stock Exchange under the symbols DA.A and DA.DB.A, respectively.

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  Both Great Slave Helicopters and Air Tindi are co-sponsors of the Government of the Northwest Territories Aviation Bursary Program that provides eight $5,000 scholarships to young Northerners looking to pursue a career in aviation within the NWT industry each year.

  

  If you would like to concentrate on flying aircraft while knowing you are in the safest hands around, our team of maintainers will take care of all aspects of managing your fleet.

• Discovery Air Fire Services operates with four divisions

  
  

  Discovery Air Fire Services has been active in the aviation industry for over 60 years and is organized into four operating divisions; Fire, Charter, Imagery and Training.

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  Discovery Air International was established to expand Discovery Air’s range of specialty aviation services domestically and internationally and will focus initially on executive charter, medevac and repatriation services out of Western Canada with its primary base and main operations based out of Calgary, Alberta.

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  The Northlinx Network brings together many of the Great Slave Helicopters Aboriginal Joint-Venture Partnerships allowing all participants to benefit from pan-territorial mega-projects requiring helicopter services in the North. Presently there are twelve partnerships operating in this profitable model around the NWT and Nunavut. On top of that, Air Tindi has an additional four Aboriginal partnerships and Discovery Mining Services has two.

  

  We are committed to providing our customers with specialty aviation solutions whenever and wherever they are required. Our pilots, maintainers, logisticians and administrators operate with precision and pride in some of the most challenging environments in the world.

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  Discovery Air is committed to recruiting and retaining the best talent in aviation industry. By joining Discovery Air you will have the opportunity to participate in a unique and dynamic environment focused on growth, entrepreneurship, innovation and teamwork.

  

  Discovery Aviation Academy is a flight school based in Sudbury, Ontario that offers many different types of pilot flight training to meet the needs of all aspiring aviators.