DISCOVERY AIR INC 8.375 PCT DEBS T.DA.DB.A

RE:Sold another 16% of DADA for $25mm

[Alejaho]

This transaction proves without a doubt that Clairvest has screwed debt holders in DA, particularly unsecured debentureholders. Clairvest got 74% of DADS for $60mill in debt conversion, at the price paid by this institutional investor, that conversion is worth $115mill, a nice tidy profit for Clairvest. Debentureholders have been screwed out of DA's best asset. Grounds for a class action. Debentureholders should not extend the maturity date on their issue, otherwise nothing will be left of this company as the vulture owners pick it clean.