Discovery Air Inc. announces purchase of wheel division assets of Walsten Air Service

    LONDON, ON, March 15 /CNW/ - David Taylor, President & C.E.O. of
Discovery Air Inc. is pleased to announce its wholly owned subsidiary, Hicks &
Lawrence Limited ("H&L"), completed the purchase of the wheel division of
Walsten Air Service (1986) Ltd., including a fleet of four Beech King Air
aircraft, hangar facility located in Kenora, Ontario and intangibles related
to the business.
    Mr. Taylor stated, "The addition of the Walsten aircraft, and especially
the Walsten employees, will be of great benefit to the Hicks & Lawrence
business, allowing it to expand and improve its contracted government

    DA's goal is to consolidate the fragmented Canadian niche aviation
industry to realize synergies and economies of scale, thereby creating a
profitable and diversified company able to deliver safe, professional air
service to clients in selected niche markets.
    DA's Class A common shares trade on the Toronto Stock Exchange under the
symbol DA.A.

For further information:

For further information: Wade MacBain, Director of Investor Relations,
Phone: (519) 913-2204, ext. 358, Toll-free: (866) 903-3247, ext. 358, E-mail:

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890