Great Slave Helicopters will have multiple intermediate helicopters contracted to Peregrine Diamonds for the entire six- to seven-month 2011 field season.
"We are extremely pleased to be providing this level of support to Peregrine Diamonds in 2011," said Jeff Denomme, Great Slave Helicopters President. "Being selected for a contract of this scale on a project of this significance recognizes our ability as a company to conduct safe and efficient helicopter operations in the harsh Canadian Arctic."
The Chidliak Project, which is located about 120 km northeast of Iqaluit, will require Great Slave Helicopters to support the field activities of the roughly 75-person exploration team.
"For a high-utilization, advanced exploration project like Chidliak reliability is critical," added Denomme. "Our industry-leading team of Aircraft Maintenance Engineers and multi-million-dollar spare parts inventory ensure maximum serviceability at all times and avoid situations where field crews are stuck in camp for extended periods."
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 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).
<< -- 03/02/2011>>
