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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).
Discovery Air Innovations announces expiry of aircraft delivery options
Yellowknife, NT, August 6, 2012 - Discovery Air Innovations Inc. (“DAI”), a wholly-owned subsidiary of Discovery Air Inc. (“Discovery Air”), and Hybrid Air Vehicles Limited (“HAV”) have agreed to allow their commercial agreement, previously announced in August 2011, to expire in accordance with its terms. Under that agreement, DAI had secured aircraft delivery options which were subject to the fulfilment of certain conditions.
Paul Bouchard, President of DAI, stated “The commercial agreement provided a helpful framework for our initial collaboration, but we have concluded that the option structure does not align with our current investment horizon. We remain excited about this technology’s potential and intend to continue working with HAV to promote the commercialization of heavy lift Hybrid Air Vehicles.”
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Public communications of Discovery Air and/or its subsidiaries may include written or oral forward-looking statements (as defined in applicable securities laws) regarding the future performance of Discovery Air and/ or its subsidiaries. Forward-looking statements by definition are based on assumptions and, as a result, are subject to risks and uncertainties, including those identified in the Management’s Discussion and Analysis section of Discovery Air’s financial statements for the fiscal year ended January 31, 2012 and the first quarter of fiscal year 2013, both of which are available at www.sedar.com. As a result of such risks and uncertainties, actual results may differ materially from those discussed in forward-looking statements, and readers should not place undue reliance on such statements. Forward-looking statements represent expectations as of the date they are made, and Discovery Air disclaims any intention or obligation to update or revise any forward-looking statements it may make, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
ABOUT DISCOVERY AIR AND ITS SUBSIDIARIES
Discovery Air is a Canadian specialty aviation company, operating over 150 aircraft with 850 team members. We deliver airborne training to the Canadian military; air ambulance services; 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.
The Discovery Air’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.
For further information, please contact:
Discovery Air Innovations Inc.
Paul Bouchard, President
paul.bouchard@da-innovations.com
(514) 694-5565, ext. 231
To download a PDF version of this press release, please click here.
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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.
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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.
Read MoreDiscovery 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.
