"This contract award from a major US regional operator is a significant win for DATS," commented Remy St-Martin, DATS VP Commercial Services. "We look forward to strengthening our relationship with this customer and extending the agreement to cover additional aircraft beyond this initial award."
In addition to the ERJ 135/145, Discovery Air Technical Services holds Transport Canada approvals for the DASH-8, Boeing 737 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 DISCOVERY AIR AND ITS SUBSIDIARIES 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 450 flight crew, maintainers and support staff to deliver a variety of air transport, maintenance and logistics solutions to a wide range of government, airline and business customers. The Company's Government Services segment includes three subsidiaries: 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; and Discovery Air Technical Services, which provides a range of maintenance, repair and overhaul solutions to customers from its Quebec City location. The Company's Northern Services segment includes three subsidiaries: 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; and Discovery Mining Services, which constructs and rents all-weather exploration camps and provides expediting and logistics support services.
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, 2010, 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 respectively).
<< -- 02/24/2011>>