Discovery Air Technical Services Inc. Announces Multi-year Contract with Piedmont Airlines for Dash-8 fleet maintenance

William Arndt, Vice-President of Maintenance for Piedmont Airlines said: "Discovery Air Technical Services provided us with the most competitive proposal for our Dash-8 aircraft.  So far our independent audits show us that the quality standards of DATS and their ethics meet Piedmont's high standards."

"Piedmont Airlines is the largest North American Dash-8 operator with 44 active aircraft.  We are thrilled to have earned the trust of its management team, and we will exceed their expectations," said Remy St-Martin, DATS Vice President Commercial Services. ''We continue to make important gains in the Regional aircraft MRO market and are proving once again that our strength is our experience.''

In addition to the Dash-8, Discovery Air Technical Services holds Transport Canada approvals for the ERJ 135/145, Boeing 737, CRJ 100/200 and SAAB 340 aircraft, and will soon add additional aircraft types to its catalog of capabilities. DATS' Quebec City maintenance facility provides a wide range of capabilities including welding, avionics, engineering, machining, heat treatment, composite and sheet metal repairs.

ABOUT PIEDMONT AIRLINES

Piedmont Airlines, Inc. operates as a US Airways Express carrier and is a wholly owned subsidiary of US Airways Group, Inc., the 6th largest airline in the United States. Today, Piedmont operates nearly 350 daily departures to 53 cities throughout the eastern United States and Canada, operating 44 deHavilland DHC-8 turbo prop aircraft. Piedmont Airlines employs some 5,500 aviation professionals.

ABOUT DISCOVERY AIR

Founded in 2004, Discovery Air Inc. is a specialty aviation services company operating across Canada and in select locations internationally. With over 130 aircraft, it is one of the largest air operators in Canada, employing more than 600 flight crew, maintainers and support staff to deliver a variety of air transport, maintenance and logistics solutions to its government, airline and business customers. The Corporation's subsidiaries include: Top Aces, which delivers airborne training and special mission services to the Canadian military; Hicks & Lawrence, a supplier of airborne fire management services to the Ontario government and charter services to government agencies and corporate customers; Discovery Air Technical Services, which provides a range of maintenance, repair, overhaul, modification, engineering and certification services; Great Slave Helicopters, the second-largest VFR helicopter operator in the country; Air Tindi, the largest fixed-wing aircraft charter provider based in Northern Canada; Discovery Mining Services, which supplies all-weather exploration camps as well as expediting and logistics support services; and Discovery Air Innovations, the innovation arm of Discovery Air that identifies and captures large, new market opportunities.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Discovery Air's public communications may include written or oral forward-looking statements (as defined in applicable securities laws) regarding the future performance of the company and/or its subsidiaries. Forward-looking statements by definition are based on assumptions and are as a result 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, 2011, 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.

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

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