IQALUIT, NU, Sept. 26, 2011 /CNW/ - Discovery Air Inc. subsidiaries Air
Tindi Ltd. and Great Slave Helicopters Ltd. have formed a new
partnership - Auyuittuq Aviation - with a group of Inuit shareholders
from the Kivalliq and Baffin regions of Nunavut to better serve the
needs of the burgeoning mining industry on Baffin Island.
"The mining and exploration industries in Nunavut are growing rapidly
and new opportunities are being created almost daily," said Auyuittuq
Aviation President Simon Merkosak. "It is critical that our local
businesses also evolve and expand so that we have the resources and
expertise to serve these industries if our local and territorial
economies, as well as Nunavummiut, are to benefit from this new period
The majority Inuit-owned joint venture will provide rotary and
fixed-wing charter services with minority owners Air Tindi and Great
Slave Helicopters conducting all flight operations.
"We are proud to partner with national and industry leaders in the
aviation field in this new venture," added Merkosak. "The expertise of
our partners allows us to offer the best of both worlds in the aviation
industry drawing on their fleets of approximately 75 helicopters and 21
Auyuittuq Aviation will primarily operate out of its main office in
Iqaluit, the administrative and transportation hub of the Qikiqtaaluk
Region. It will focus its efforts on the transportation of workers and
freight for the mining and exploration sectors as well as charter work
and wildlife surveys for the Government of Nunavut.
"Discovery Air subsidiaries Great Slave Helicopters and Air Tindi have a
proven track record operating in the harsh environment of Canada's
North and creating wealth for our Aboriginal partners," said Discovery
Air Executive Vice President Chuck Parker. "We look forward to working
with these new Inuit shareholders from the Kivalliq and Baffin regions
and Auyuittuq President Simon Merkosak as we strive to build our new
ABOUT DISCOVERY AIR AND ITS SUBSIDIARIES
Founded in 2004, Discovery Air 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.
Discovery Air's subsidiaries include 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; Discovery Air Technical Services, which provides a
range of aircraft maintenance, repair, overhaul, modification,
engineering and certification services; Great Slave Helicopters, one of
the largest VFR helicopter operators in the country; Air Tindi, the
largest fixed-wing aircraft charter provider based in Northern Canada;
Discovery Mining Services, which supplies all-weather exploration camps
as well as expediting and logistics support services; and Discovery Air
Innovations, the innovations arm of Discovery Air that identifies and
captures large, new market opportunities.
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.
Discovery Air's shares and debentures trade on the Toronto Stock
Exchange (Symbols DA.A and DA.DB respectively).
SOURCE Discovery Air Inc.
For further information:
Marketing Manager, Discovery Air - Northern Services
President, Auyuittuq Aviation
Vice President of Human Resources and Communications, Discovery Air
Toll Free (866) 903 3247