Discovery Air signs tentative deal to sell technical division
by The Canadian Press
Under the deal, Premier Aviation Overhaul Centre Inc. will acquire Discovery Air Technical Services
MONTREAL—There’s a tentative deal to sell Discovery Air Technical Services, which overhauls and modifies regional aircraft at a facility in Quebec City.
Under the agreement, it would be purchased from Etobicoke, Ont.-based Discovery Air Inc. by Premier Aviation Overhaul Centre Inc., which is headquartered in Trois-Rivières, Qué.
Financial terms weren’t revealed in the companies’ June 22 joint announcement. The deal is expected to close by the end of August, subject to several conditions.
Premier Aviation currently operates two Canadian shops in Trois Rivieres, Que., and Windsor, Ont., and one in the United States in Rome, N.Y.
“This is one more significant step in our strategic growth plan,” said Ronnie Di Bartolo, Premier’s president and chief executive.
“The DATS facility’s focus and recognized expertise on regional aircraft will help provide the capacity Premier needs in this growing segment of our market.”
DATS is a wholly owned subsidiary of Discovery air, which operates 150 aircraft and performs a variety of aviation services including medical evacuations, fir-fighting and charter flights.
