Discovery Air Purchases Chilean Servicios Aéreos Helicopters

Yellowknife, NT, February 2, 2012 – Discovery Air subsidiary, Great Slave Helicopters Limited (GSH) announced today that it has completed the purchase of Servicios Aéreos Helicopters.cl Ltda (“SAL”) in Chile.

Founded in 2002, SAL provides helicopter services to domestic and multinational customers in the mining, power construction, and forestry sectors of the Chilean economy. With two main operating bases in north central and southern Chile, as well as operations in Argentina and Colombia, SAL operates a fleet of up to 10 intermediate and medium helicopters. SAL is ISO 9001, ISO 14001 and OHSAS 18001 certified. The current management team will continue on with SAL, to drive additional growth for Discovery Air and GSH in Chile and South America.

Adam Bembridge, Group President of Discovery Air Northern Services stated “We are very pleased to have SAL join our rotary services team, and feel they are an ideal partner for GSH in the Chilean market, and that SAL will further expand Discovery Air’s presence in South America. Both GSH and SAL will benefit from counter seasonal opportunities and fleet utilization going forward.”

“Opportunities for aviation services in Chile and the rest of South America are expanding rapidly, and joining the Discovery Air team will allow SAL to offer our clients an even greater portfolio of services. We are very happy to be joining a diverse and respected company like Discovery Air.” said SAL founder Carlos Lopez.

ABOUT DISCOVERY AIR AND ITS SUBSIDIARIES
Discovery Air Inc. is a Canadian specialty aviation company, operating over 140 aircraft with our 850 team members. We deliver airborne training to the Canadian military; airborne fire services; helicopter operations; fixed-wing air charter services; expediting and logistics support; and a range of maintenance, repair, overhaul, modification, engineering and certification services.

Discovery Air’s shares and debentures trade on the Toronto Stock Exchange (Symbols DA.A and DA.DB.A respectively).

For further information, please contact:

Investor Relations
Sheila Venman
Investor Relations
Sheila.Venman@discoveryair.com
(866) 903-3247

Note: Following the aquisition on 1 February, 2012 "SAL" has legally changed their name to Helicopters.cl SpA.

To download a PDF version of this press release, please click here.

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