YELLOWKNIFE, NT, June 20, 2012 /CNW/ - Discovery Air Inc. ("Discovery
Air" or the "Corporation") announced that Brian Semkowski was appointed
interim President and Chief Executive Officer upon David Jennings
stepping down. Concurrent with these changes, Mr. Semkowski resigned
his post as a director, and Mr. Jennings joined the Board.
Mr. Jennings served as the Corporation's President and Chief Executive
Officer since September 12, 2008. Prior to his appointment as
Discovery Air's President and Chief Executive Officer, Mr. Jennings
served as the Co-Chief Executive Officer of Top Aces Inc., a
wholly-owned subsidiary of Discovery Air, which he co-founded with two
other partners in 2001. During his time as President and Chief
Executive Officer, Mr. Jennings restructured the Corporation's balance
sheet, expanded its service offerings, and grew revenues and earnings.
Mr. Jennings is credited for leading Discovery Air through a difficult
period and establishing a solid foundation for future growth.
Mr. Bennett, Chairman of the Board, stated "We are grateful to Dave for
his significant contributions to the company over the years. His
contributions have made Discovery Air a stronger company with greater
opportunities than ever before."
In addition to serving as a director, Mr. Jennings will also serve as a
strategic advisor to Discovery Air. "Dave's insights and deep
relationships in our industry will be invaluable as we embark on this
next phase of Discovery Air's development," stated Mr. Bennett. Mr.
Jennings stated "This new role will enable me to focus on capturing the
growth opportunities available to Discovery Air, both in Canada and
Mr. Semkowski will serve as interim President and Chief Executive
Officer until a permanent replacement for Mr. Jennings is hired. Mr.
Semkowski, a director of Discovery Air since 2008, is an accomplished
business leader with considerable entrepreneurial and executive
experience. As interim President and Chief Executive Officer, Mr.
Semkowski will be responsible for all planning, operating and reporting
activities of the Corporation.
The Board intends to commence the search for Mr. Jennings' replacement
ABOUT DISCOVERY AIR AND ITS SUBSIDIARIES
Discovery Air Inc. is a Canadian specialty aviation company, operating
over 150 aircraft with approximately 850 team members. Its subsidiaries
provide airborne training to the Canadian military; air ambulance
services; airborne fire services; helicopter operations; fixed-wing air
charter services; expediting and logistics support; and a range of
maintenance, repair, overhaul, modification, engineering and
Discovery Air Inc.'s Class A common voting shares and unsecured
debentures trade on the Toronto Stock Exchange (symbols DA.A and
SOURCE Discovery Air Inc.