10-Sep-2018Source: HeliHub.com
Investment firms are currently fighting over the assets of Great Slave Helicopters. The company, a subsidiary of Discovery Air, was given creditor protection until 4 October 2018. The company has lost $13.7M in the last two years, reports CBC News.... Read more
3-Apr-2018Source: HeliHub.com
Discovery Air, the parent company of Air Tindi, Discovrey Mining Services and Great Slave Helicopters, has been granted creditor protection under federal Companies’ Creditors Arrangement Act. This means that they are able to stay in business and avoid bankruptcy. However, they will be selling Air Tindi, Discovrey Mining Services and Great Slave Helicopters. Clairvest Group Inc.... Read more
6-Sep-2017Source: Discovery Air
Discovery Air Inc. (“Discovery Air” or the “Corporation”) (TSX: DA.DB.A) announced today the appointment of Alan D. Torrie as Chief Executive Officer (“CEO”) effective August 29, 2017. Mr. Torrie is an accomplished and experienced business leader and was most recently the President and Chief Executive Officer of Morneau Shepell. Paul Bouchard will remain in his... Read more
21-Feb-2017Source: Discovery Air Defence
Discovery Air Defence Services Inc. (“DA Defence”), a wholly owned subsidiary of Discovery Air Inc., and Inzpire Ltd. have joined forces to bid for the UK Ministry of Defence’s Air Support to Defence Operational Training (“ASDOT”) programme. The two companies will combine their unique capabilities in the live air training environment to deliver the most... Read more
12-Mar-2015
External load operations (carrying food and supplies to a mining camp in Colchagua) at 12,700ft amsl but only 50m above the ground when an engine problem caused pilot to jettison the load and take evasive action, descending to the right intending flying down a gorge. Sadly the pilot, named as Francisco Bismara from Argentina, died... Read more
18-Jun-2012Source: Discovery Air
Discovery Air Inc. announced today the appointment of General (Ret’d) Raymond Henault to its Board of Directors at its Annual General Meeting. General Henault retired in 2008 from a very distinguished career in the Canadian Forces. During his operational flying career, General Henault served as a fighter pilot (CF-101 Voodoo and T-33), flight instructor (CT-134... Read more
21-Feb-2012Source: Discovery Air
Discovery Air subsidiary, Great Slave Helicopters Limited (GSH) announced today that it has expanded into British Columbia with the purchase of its newest subsidiary Northern Air Support (NAS) pending approvals from the regulatory authorities. NAS is a profitable, safety-oriented helicopter charter company that has been serving its mining, forestry and oil and gas seismic clients... Read more
12-Feb-2012Source: Vector Aerospace
As per the terms of the two-year agreement, Vector provides comprehensive engine repair and overhaul support; including modification, test and other services for Discovery Air’s Turbomeca Arriel 1 and 2 model engines as well as the Pratt & Whitney Canada PT6A engines. All engines covered in the agreement include complete dynamic testing at Vector Aerospace Helicopter Services-North... Read more
3-Feb-2012Source: Discovery Air
Discovery Air subsidiary, Great Slave Helicopters Limited (GSH) announced today that it has completed the purchase of Servicios Aéreos Helicopters.cl Ltda (“SALâ€) in Chile. Founded in 2002, SAL provides helicopter services to domestic and multinational customers in the mining, power construction, and forestry sectors of the Chilean economy. With two main operating bases in north... Read more
8-Sep-2011Source: Discovery Air
Discovery Air Inc. (TSX: DA.A, DA.DB.A) (http://www.discoveryair.com) announced today that it will host an analyst call on Tuesday, September 13, 2011 at 4:00 pm ET to discuss its fiscal 2012 second quarter results. Dave Jennings, President and CEO, and Andy Min, Chief Financial Officer, will host the call. The Company is expected to report its... Read more
4-May-2011Source: Discovery Air
Discovery Air Inc. (“Discovery Air” or the “Corporation”) announced today that it has completed its previously announced transaction to repay approximately $13.2 million in aggregate debt owed by the Corporation to a senior officer of Discovery Air and a senior officer of Great Slave Helicopters Ltd. (“Great Slave”, a wholly-owned subsidiary of the Corporation) (the “Related Parties”).... Read more
28-Apr-2011Source: Discovery Air
Discovery Air Inc. today announced that it has entered into an agreement with GMP Securities L.P. (the “Underwriterâ€) pursuant to which the Underwriter has agreed to purchase $30 million principal amount of convertible unsecured subordinated debentures (“Convertible Debenturesâ€) at a price of $1,000 per debenture. Discovery Air has also granted the Underwriter an over-allotment option... Read more
21-Apr-2011Source: Discovery Air
Discovery Air Inc. (“Discovery Air” or the “Corporation”) announced today that it has entered into an agreement (the “Agreement”) to repay approximately $13.5 million in aggregate debt owed by the Corporation to a senior officer of Discovery Air and a senior officer of Great Slave Helicopters Ltd. (“Great Slave”, a wholly-owned subsidiary of the Corporation) (the “Related... Read more
6-May-2009Source: CBC
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