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    Headquartered in Yellowknife, Northwest Territories, GSH 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 medevac equipped air services, 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). 

Discovery Air Updates Market

Toronto, ON March 6, 2017 - Discovery Air Inc. (“Discovery Air” or the “Company”) (TSX: DA.A), announced, at the request of Market Surveillance on behalf of the TSX, that the Company has been approached on a preliminary basis regarding a potential corporate transaction. The Company has not received a binding proposal and is in discussions as to the viability of such potential transaction.

There can be no assurances that a definitive transaction will result from any such proposal, and there may be limited available alternative transactions having regard to the Company’s current ownership structure. The Company does not intend to comment further upon any potential corporate transaction, or alternative thereto, unless and until it deems further disclosure is appropriate, or required by law.

Forward-Looking Statements

Certain statements included above are forward-looking in nature. Such statements can be identified by the use of forward-looking terminology such as “expects,” “may,” “will,” “should,” “intend,” “plan,” or “anticipates” or the negative thereof or comparable terminology. Forward-looking statements include plans, expectations, or other statements that are not statements of fact, including with respect to any corporate or similar transaction and alternative thereto. Although Discovery Air believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Discovery Air's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Discovery Air makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made, except as required by applicable law.

About Discovery Air

Discovery Air is a global leader in specialty aviation services. We deliver exceptional air combat training, medevac equipped aircraft services, airborne fire services, air charter services, helicopter operations, and transport and logistics support to ensure operational readiness, health, safety and vital lifelines for our clients and the communities we serve.

Discovery Air Fire Services Inc. currently provides, and has provided for almost three decades, aerial fire surveillance, airspace and aircraft management, and air transport services in support of the Ontario government's forest fire management program. As well, DAFS' provides court-related air transport services to a variety of provincial government agencies which operate in northwestern Ontario (carried on by DAFS' charter division, Walsten Air).

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

Discovery Air Inc.
Paul Bernards
Chief Financial Officer
416-246-2684 ext. 3814
pbernards@discoveryair.com

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    Every year, residents of the Northwest Territories and Nunavut pursuing an aviation-related career in the North can each receive one of 16 $5,000 scholarships from a fund sponsored by the NWT Department of Transportation, Nunavut Department of Economic Development and Transportation, Discovery Air, Keewatin Air, North-Wright Airways, and First Air. The scholarships are offered to full-time residents of the Northwest Territories and Nunavut (two year minimum residency - a combination of continuous residency in both territories would be accepted to meet the residency requirement) pursuing full-time aviation-related studies. The studies can be related to airline or airport operations or management, aircraft maintenance, and pilot training.

    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 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.

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    The Northlinx Network brings together many of the GSH 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.

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    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.

  • dats.JPG

    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.