Discovery Air appoints Michael Grasty to its Board of Directors

TORONTO, July 8, 2013 /CNW/ - Discovery Air Inc. ("Discovery Air") announced today the appointment of Michael Grasty to its Board of Directors.

Mr. Grasty is a prominent international businessman and lawyer based in South America. He founded the law firm of Grasty Quintana Majlis & Cia. in 1987 and is currently its Senior Partner.  Mr. Grasty specializes in corporate matters, regularly advising multi-national companies on their Chilean investment strategy and providing general legal counsel to their local subsidiaries.  He currently acts as Director and general representative for various multi-national companies doing business in Chile, and has been involved in numerous cross-border transactions spanning several South American countries.

Mr. Grasty is past President of the Chilean-American Chamber of Commerce ("AMCHAM"), the largest bi-national chamber in Chile, and was responsible for forming AMCHAM's Ethics Committee and AMCHAM's International Commercial Arbitration Center in conjunction with the American Arbitration Association. He is currently a Director and the Secretary of AMCHAM, sits on its Executive Committee and is responsible for the Legal Committee overseeing intellectual property and energy issues.

A graduate of the Universidad Católica Law School (1981) and Stanford University (B.A. History ´74), Mr. Grasty is a member of the Chilean Bar Association, the International Bar Association, The Rocky Mountain Mineral Law Foundation, and the Circulo Legal de Icare.

Brian Semkowski, Chair of Discovery Air's Board of Directors, stated "We are very pleased that Michael Grasty has joined the Board.  His knowledge of South American business and international perspective will add tremendous value to our Board. I am very pleased he has agreed to join us and am looking forward to working with him."

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.

Sheila Venman
Investor Relations
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