Discovery Air

Investment Firms Battle for Great Slave Helicopters Assets

Investment Firms Battle for Great Slave Helicopters Assets

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

Parent of Great Slave Helicopters enters bankruptcy protection

Parent of Great Slave Helicopters enters bankruptcy protection

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

Discovery Air Appoints New CEO

Discovery Air Appoints New CEO

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

Discovery Air Defence and Inzpire Join Forces to Deliver Air Support to the British Armed Forces

Discovery Air Defence and Inzpire Join Forces to Deliver Air Support to the British Armed Forces

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-15 CC-CLD Eurocopter SA315B Rancagua, Chile (1F)

12-Mar-15 CC-CLD Eurocopter SA315B Rancagua, Chile (1F)

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

Retired helicopter pilot appointed to board of Discovery Air

Retired helicopter pilot appointed to board of Discovery Air

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

Great Slave Helicopters acquires Northern Air Support

Great Slave Helicopters acquires Northern Air Support

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

Vector Aerospace sgns engine support agreement with Discovery Air

Vector Aerospace sgns engine support agreement with Discovery Air

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

Chile’s Servicios Aéreos Helicopters sold to Canadian group

Chile’s Servicios Aéreos Helicopters sold to Canadian group

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 (“SAL”) 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

Discovery Air FY2012 Q2 results call on Tuesday 13th

Discovery Air FY2012 Q2 results call on Tuesday 13th

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

Great Slave Helicopters parent Discovery Air completes debt repayment and equity swap

Great Slave Helicopters parent Discovery Air completes debt repayment and equity swap

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

Discovery Air announces Can$30M public offering

Discovery Air announces Can$30M public offering

28-Apr-2011Source: Discovery Air

Discovery Air Inc. today announced that it has entered into an agreement with GMP Securities L.P. (the “Underwriter”) pursuant to which the Underwriter has agreed to purchase $30 million principal amount of convertible unsecured subordinated debentures (“Convertible Debentures”) at a price of $1,000 per debenture. Discovery Air has also granted the Underwriter an over-allotment option... Read more

Discovery Air clears debt to senior officer of Great Slave Helicopters

Discovery Air clears debt to senior officer of Great Slave Helicopters

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

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