Discovery Air

Delay of Contracted Airborne Training Services Contract (CATS) Solicitation

YELLOWKNIFE, NWT, March 25, 2011 - Discovery Air Inc. announced today that its subsidiary, Top Aces, has been notified by Public Works and Government Services Canada (PWGSC) of PWGSC’s intention to retender a new Request For Proposal (RFP) under the current CATS procurement. PWGSC made the decision to cancel the current solicitation as they determined that the period for submitting proposals under the RFP process which closed in January 2011 was insufficient.  This decision could have the effect of delaying the award of the new CATS long term contract, and Top Aces remains ready to provide the long term CATS requirement.

Top Aces will continue to deliver services to the Crown under the current Interim Contracted Airborne Training Services (ICATS) framework through to June 2012.  The Government has the option to extend the ICATS framework for an additional 12 months to June 2013, or until such earlier time as PWGSC awards a new long term CATS contract.

President of Top Aces, Didier Toussaint, stated “Top Aces continues to deliver combat support services to train the men and women of the Canadian Forces and to assist in ensuring they are ready for their commitments worldwide.   We are confident that we will provide an excellent, cost effective solution for Canada.”

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 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 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 supplies all-weather exploration camps as well as expediting and logistics support services.


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

For further information, please contact:

 For further information, please contact us at InvestorRelations@DiscoveryAir.com or:

Sheila Venman 
Investor Relations 
sheilavenman@discoveryair.com 
1-866-903-3247 

Rolf S. dawson
Vice President, Corporate Finance and Administration
rolf.dawson@discoveryair.com
(867) 873-5350 Ext. 304

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


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