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BRIEF-Discovery Air quarterly revenue falls 17 pct

2017-09-14 reuters
* Discovery Air Inc qtrly ‍ diluted loss per share $ 0.03​ Source text for Eikon: Further company coverage:

BRIEF-Discovery Air says co was granted exemptive relief from formal valuation requirement

2017-08-02 reuters
* Discovery Air - ‍exemptive relief from formal valuation requirement in section 5.4 of mi 61-101 in connection with 3 previously announced transactions​ Source text for Eikon: Further company coverage:

Paris Air Show 2017: IAI looks to offload unsold Argentinean Kfirs to US 'Red Air' training companies

2017-06-20 janes
Israel Aerospace Industries (IAI) is looking to sell Kfir fighters that were earmarked for Argentina to United States-based private contractors for use as 'Red Air' training platforms, a senior company executive told Jane's on 20 June.

Discovery Air Announces New Revolving Credit Facility from Clairvest

2017-06-05 marketwired
TORONTO, ONTARIO--(Marketwired - June 5, 2017) - Discovery Air Inc. ("Discovery Air" or the "Corporation") (TSX:DA.A) announced today that its subsidiary, Discovery Air Defence Services Inc. ("DA Defence"), has entered into a subordinated credit agreement with certain funds or co-investors (such lenders, collectively "Clairvest") of Clairvest Group Inc., the controlling shareholder of the Corporation, providing for a revolving subordinated credit facility in the aggregate principal amount of up to $13,000,000 (the "Revolving Credit Facility").

Discovery Air Inc. and Clairvest Announce Completion of Going Private Transaction

2017-05-26 marketwired
TORONTO, ONTARIO--(Marketwired - May 26, 2017) - Discovery Air Inc. ("Discovery Air" or the "Corporation") (TSX:DA.A) and Clairvest Group Inc. ("Clairvest") (TSX:CVG) announced today the closing of the previously announced statutory plan of arrangement under section 192 of the Canada Business Corporations Act, pursuant to which, among other things, all of the common shares of the Corporation (the "Shares") were acquired by 10123200 Canada Inc.

Discovery Air Inc. Receives Court Approval for Going Private Transaction

2017-05-24 marketwired
TORONTO, ONTARIO--(Marketwired - May 24, 2017) - Discovery Air Inc. ("Discovery Air" or the "Corporation") (TSX:DA.A) is pleased to announce that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced statutory plan of arrangement under section 192 of the Canada Business Corporations Act, pursuant to which, among other things, all of the shares of the Corporation will be acquired by 10123200 Canada Inc.

BRIEF-Discovery Air appoints Drew Hickey as chair of audit committee

2017-05-01 reuters
* Discovery Air appoints Drew Hickey as chair of the audit committee Source text for Eikon: Further company coverage:

MAG Aerospace Acquires Discovery Air Fire Services

2017-04-17 prnewswire
WOODBRIDGE, Va., April 17, 2017 /PRNewswire/ -- MAG Aerospace (MAG) has acquired Discovery Air Fire Services Inc. (DAFS), formerly a subsidiary of Canada-based specialty aviation provider, Discovery Air Inc. This acquisition adds aerial forest fire management, specialized charter aviation, and environmental monitoring services to MAG's already robust ISR service offerings.

Discovery Air and Clairvest Enter Into Definitive Agreement for Going Private Transaction

2017-03-24 marketwired
Discovery Air Inc. ("Discovery Air" or the "Corporation") (TSX:DA.A) and Clairvest Group Inc. (TSX:CVG) announced today that the Corporation and certain funds managed by Clairvest Group Inc. (collectively "Clairvest") have entered into a definitive agreement (the "Arrangement Agreement") which will result in Clairvest, along with certain management shareholders of the Corporation (the "Rolling Shareholders" and, together with Clairvest, the "Purchaser Group"), acquiring all the issued and outstanding shares in the capital of the Corporation by way of a plan of arrangement (the "Arrangement") pursuant to the Canada Business Corporations Act.

Clairvest Update on Its Investment in Discovery Air Inc.

2017-03-08 marketwired
TORONTO, ON--(Marketwired - March 08, 2017) - In light of recent trading activity in the shares of Discovery Air Inc. (TSX: DA.A), Clairvest Group Inc. (TSX: CVG) announced today that certain investment funds managed by it, together with certain other parties (collectively, the "Purchaser Group"), have made a non-binding proposal to the board of directors of Discovery Air to acquire all of the common shares of Discovery Air not currently controlled by the Purchaser Group (the "Proposed Transaction").

Discovery Air Updates Market

2017-03-06 marketwired
TORONTO, ONTARIO--(Marketwired - March 6, 2017) - Discovery Air Inc. ("Discovery Air" or the "Company") (TSX:DA.A) announced, at the request of Market Surveillance on behalf of the TSX, that the Company has been approached on a preliminary basis regarding a potential corporate transaction. The Company has not received a binding proposal and is in discussions as to the viability of such potential transaction.

Discovery Air to trial Red Air training services for Australia

2017-03-06 janes
The Australian Defence Force (ADF) has contracted Discovery Air Defence Services Inc. (DA Defence) to provide 'Red Air' aggressor air training services for a two-year trial period, it was announced on 1 March.

Inzpire and Discovery Air declare for UK's ASDOT training requirement

2017-02-22 janes
Inzpire and Discovery Air Defence Services Inc are to bid for the UK's Air Support to Defence Operational Training (ASDOT) programme, it was announced on 21 February.

Clairvest Reports Fiscal 2017 Third Quarter Results

2017-02-13 marketwired
TORONTO, ON--(Marketwired - February 13, 2017) - Clairvest Group Inc. (TSX: CVG) today reported results for the third quarter and nine months ended December 31, 2016. (All figures are in Canadian dollars unless otherwise stated)

Discovery Air Inc. Completes Sale of Fire Services Business

2017-01-31 marketwired
TORONTO, ONTARIO--(Marketwired - Jan. 31, 2017) - Discovery Air Inc. ("Discovery Air" or the "Company") (TSX:DA.A) has completed its previously announced transaction (the "DAFS Disposition") to sell the fire services business operated by its wholly-owned subsidiary, Discovery Air Fire Services Inc. ("DAFS"), to certain affiliates of Clairvest Group Inc. ("Clairvest"). Due to a delay in obtaining certain regulatory approvals, MAG DS Corp.

Discovery Air appoints Drew Hickey to its Board of Directors

2017-01-25 marketwired
TORONTO, ONTARIO--(Marketwired - Jan. 25, 2017) - Discovery Air Inc. ("Discovery Air" or the "Company") (TSX:DA.A)(TSX:DA.DB.A) announced today the appointment of Thomas Andrew (Drew) Hickey to its board of directors (the "Board"). Mr. Hickey was appointed to the Board by the other directors of the Company. Most recently, Mr. Hickey was a Managing Director in Scotiabank Europe plc's London office. Mr.

BRIEF-Clairvest Group acquires shares of Discovery Air

2016-12-23 feeds.reuters
* Acquired 4.2 million common shares of Discovery Air, about 5.1% of Discovery's current issued, outstanding common shares at $0.20 per share

BRIEF-Clairvest Group acquires shares of Discovery Air

2016-12-23 feeds.reuters
* Acquired 4.2 million common shares of Discovery Air, about 5.1% of Discovery's current issued, outstanding common shares at $0.20 per share

Clairvest Group Inc. Acquires Shares of Discovery Air Inc.

2016-12-23 marketwired
TORONTO, ON--(Marketwired - December 22, 2016) - Clairvest Group Inc. (TSX: CVG) ("Clairvest") announced today that it, together with private equity funds it manages, acquired 4,179,122 common shares ("Common Shares") of Discovery Air Inc. (TSX: DA.A) ("Discovery"), representing approximately 5.1% of Discovery's current issued and outstanding Common Shares, at a price of $0.20 per share.

Discovery Air Announces Revolving Credit Facility from Clairvest

2016-12-20 marketwired
TORONTO, ONTARIO--(Marketwired - Dec. 20, 2016) - Discovery Air Inc. (TSX:DA.A) ("Discovery Air" or the "Corporation") announced today that its subsidiary, Discovery Air Defence Services Inc. ("DA Defence"), has entered into a credit agreement (the "Credit Agreement") with certain funds or co-investors (such lenders, collectively "Clairvest") of Clairvest Group Inc., the majority shareholder of the Corporation, providing for a revolving credit facility in the aggregate principal amount of up to $25,000,000 (the "Revolving Credit Facility").

BRIEF-Fred's Pharmacy to acquire 865 Rite Aid stores in $950 mln deal

2016-12-20 feeds.reuters
* Fred's Inc - upon completion of acquisition, company will operate acquired stores and will retain Rite Aid banner through a 24-month transition

HNZ Group: Revenue Diversification, Healthy Margin Profile, Clean Balance Sheet And Asset Coverage At A Discount

2016-11-18 seekingalpha
HNZ has successfully diversified away from Onshore O&G revenue, providing revenue stability during softness in the O&G market which some competitors lack.

Discovery Air Announces Voting Results of Special Meeting of Shareholders

2016-11-15 marketwired
TORONTO, ONTARIO--(Marketwired - Nov. 15, 2016) - Discovery Air Inc. ("Discovery Air" or the "Company") (TSX:DA.A), is pleased to announce that a majority of minority shareholders (the "Company Voting Shareholders"), have voted in favour of the transaction resolution (the "Transaction Resolution") approving the previously announced sale of the Company's wholly-owned subsidiary, Discovery Air Fire Services Inc.

BRIEF-Discovery Air's Special Independent Committee of Board recommend shareholders vote for transaction resolution approving DAFS Disposition

2016-10-24 feeds.reuters
* Discovery Air Inc -Special Independent Committee of Board recommend shareholders vote for transaction resolution approving DAFS Disposition Source text for Eikon: Further company coverage:

Discovery Air Inc. Files Management Information Circular for Proposed Sale of Fire Services Business

2016-10-24 marketwired
TORONTO, ONTARIO--(Marketwired - Oct. 24, 2016) - Discovery Air Inc. ("Discovery Air" or the "Company") (TSX:DA.A), announced that it has filed its Management Information Circular (the "Circular") related to its previously announced agreement to sell its fire services business (the "DAFS Disposition") operated by its wholly-owned subsidiary, Discovery Air Fire Services Inc. ("DAFS"). A special meeting of shareholders (the "Meeting") of the Company is scheduled for Tuesday, November 15, 2016, at 10:00 a.