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July 2015

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Premier Aviation Overhaul Centre and Discovery Air Technical Services, a wholly owned subsidiary of Discovery Air, have executed an offer to purchase pursuant to which Premier intends to acquire substantially all of the assets of DATS. The offer is conditional upon completion of due diligence by Premier, the satisfaction of certain conditions, and the execution of a definitive agreement. The asset purchase, which is expected to be completed by the end of August 2015, will add much-needed capacity to Premier’s current 65,000m² of hangar and back shop space, as well as contribute an additional 200,000 man hours annually to the 1,000,000 saleable man hours currently available.

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