POINTE CLAIRE, QC, Nov. 17, 2011 /CNW/ - Top Aces Inc., a wholly owned
subsidiary of Discovery Air, announced today that it has been notified
by Public Works and Government Services Canada (PWGSC) that the
existing CATS solicitation has been cancelled. The Government has
stated their intention to re-issue a solicitation for the CATS
requirement at a later date.
Top Aces will continue to deliver services to the Crown under the
current Interim Contracted Airborne Training Services (ICATS) framework
through to June 2012, with a government option to extend the ICATS
contract an additional 12 months to June 2013.
President of Top Aces, Didier Toussaint, stated "Top Aces stands ready
to respond to the CATS long term requirement with an excellent, cost
effective solution for Canada. We will continue 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 worldwide commitments."
ABOUT DISCOVERY AIR AND ITS SUBSIDIARIES
Discovery Air Inc. is a Canadian specialty aviation company, operating
over 140 aircraft with our 850 team members. We deliver airborne
training to the Canadian military; airborne fire services; VFR
helicopter operations; fixed-wing air charter services; expediting and
logistics support; and a range of maintenance, repair, overhaul,
modification, engineering and certification services.
Discovery Air's shares and debentures are listed on the Toronto Stock
Exchange (Symbols DA.A and DA.DB respectively).
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.
SOURCE Discovery Air Inc.
For further information:
For further information, please contact us at InvestorRelations@discoveryair.com or: