Discovery Air announces resignation of Chief Financial Officer

TORONTO, Feb. 19, 2014 /CNW/ - Discovery Air Inc. ("Discovery Air" or the "Company") announces the resignation of Mr. William (Bill) Martin as the Chief Financial Officer (CFO) of the Company effective March 31, 2014 due to personal reasons.

Jacob (Koby) Shavit, President and Chief Executive Officer of Discovery Air stated "Bill has been an important member of Discovery Air and I have enjoyed working with him.  Since joining the Company in October 2012, Bill has been involved in a number of significant companywide initiatives that have made Discovery Air a better company. He will be missed by our team.  We wish Bill all the best in the future."

Discovery Air anticipates announcing Mr. Martin's permanent or interim replacement on or before March 31, 2014.

ABOUT DISCOVERY AIR AND ITS SUBSIDIARIES

Discovery Air is a Canadian specialty aviation company operating over 160 aircraft with approximately 850 team members. Its subsidiaries provide airborne training to the Canadian military, helicopter operations, air ambulance services, airborne fire services, fixed-wing air charter services, expediting and logistics support, and a range of maintenance, repair, overhaul, modification, engineering and certification services.

Discovery Air's Class A common voting shares and unsecured convertible debentures trade on the Toronto Stock Exchange (symbols DA.A and DA.DB.A, respectively).

SOURCE Discovery Air Inc.