Air Tindi’s Aqsaqniq Partnership Signs Charter Agreement with Sabina Gold & Silver
Yellowknife, NT, April 6, 2011 – Discovery Air Inc. subsidiary Air Tindi Ltd. is pleased to have secured an air charter supply agreement with Sabina Gold & Silver Corp.
Through its majority Inuit-owned partnership Aqsaqniq Airways Ltd., Air Tindi has a high utilization contract supporting Sabina Gold & Silver’s Nunavut projects during the 2011 exploration season. Located in the Kitikmeot Region of Nunavut, these include the Hackett River, Wishbone and Back River gold projects.“We are extremely happy to be working with Sabina Gold & Silver as they advance these world-class projects toward development,” said Chuck Parker, President of Air Tindi and Vice President of Aqsaqniq Airways. “Our partnership delivers a range of aircraft solutions to Sabina from the quick change combination configuration Dash 7 to the ultra robust Twin Otter.”
Aqsaqniq Airways is located in Taloyoak, NU, and Air Tindi conducts all flight operations for this partnership.
“Remote projects like Sabina’s require safe, reliable, highly-organized support from their aviation providers at competitive market prices,” said Parker. “We’re proud to be flying for them again and look forward to a very productive summer for both companies.”
ABOUT DISCOVERY AIR
Founded in 2004, Discovery Air Inc. is a specialty aviation services company operating across Canada and in select locations internationally. With over 130 aircraft, it is one of the largest air operators in Canada, employing more than 600 flight crew, maintainers and support staff to deliver a variety of air transport, maintenance and logistics solutions to its government, airline and business customers. The Company’s Government Services segment includes three subsidiaries: Top Aces, which delivers airborne training and special mission services to the Canadian military; Hicks & Lawrence, a supplier of airborne fire management services to the Ontario government and charter services to government agencies and corporate customers; and Discovery Air Technical Services, which provides a range of maintenance, repair, overhaul, modification, engineering and certification services from its Quebec City location. The Company’s Northern Services segment includes three subsidiaries: Great Slave Helicopters, the second-largest VFR helicopter operator in the country; Air Tindi, the largest fixed-wing aircraft charter provider based in Northern Canada; and Discovery Mining Services, which supplies all-weather exploration camps as well as expediting and logistics support services.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Discovery Air’s public communications may include written or oral forward-looking statements (as defined in applicable securities laws) regarding the future performance of the company and/or its subsidiaries. Forward-looking statements by definition are based on assumptions and are as a result subject to risks and uncertainties, including those identified in the Management’s Discussion and Analysis section of Discovery Air’s financial statements for the fiscal year ended January 31, 2010, available at www.sedar.com. As a result of such risks and uncertainties, actual results may differ materially from those discussed in forward-looking statements, and readers should not place undue reliance on such statements. Forward-looking statements represent expectations as of the date they are made, and Discovery Air disclaims any intention or obligation to update or revise any forward-looking statements it may make, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
Discovery Air’s shares and debentures are listed on the Toronto Stock Exchange (Symbols DA.A and DA.DB respectively).
For further information, please contact:
Marketing Manager, Discovery Air – Northern Services