Discovery Air replaces operating lender

    LONDON, ON, April 13 /CNW/ - Discovery Air Inc. has successfully
refinanced its existing operating lines of credit through the establishment of
an asset-based lending facility with a new lender. This loan facility provides
availability of up to $15 million augmented by a limit bulge of up to $10
million during the company's seasonally busy period during which working
capital demands are higher. The loan facility is available to Discovery Air
and its operating subsidiaries, has a term of 14 months and carries an
interest rate of 18% per annum on the advances drawn.
    Dave Jennings, the corporation's Chief Executive Officer, stated, "We are
pleased to have concluded this short term bridge financing in this very
challenging credit environment. This facility not only provides Discovery Air
with the necessary liquidity to support its short term operational objectives
but also affords the company the necessary time to establish a long term
lending partner who can provide a comprehensive banking and working capital
financing solution."

    Discovery Air's Class A common shares trade on the Toronto Stock Exchange
under the symbol DA.A.
    Discovery Air's Debentures trade on the Toronto Stock Exchange under the
symbol DA.DB.

For further information:

For further information: Wade MacBain, Director of Investor Relations,
Phone: (519) 951-3580, Toll Free: (866) 903-3247 ext. 3580, Email:

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