WhereDaily News: Discovery Air Inc. to Sell Fire Services Business

TORONTO, ONTARIO--(Marketwired - Sept. 8, 2016) - Discovery Air Inc. ("Discovery Air" or the "Company") (TSX:DA.A) announced today that it has entered into a definitive transaction agreement (the "Transaction Agreement") with MAG Aerospace Corp. ("MAG"), and certain subsidiaries of MAG and Clairvest (as defined below) (collectively, the "Buyer Group") to sell its fire services business (the "DAFS Disposition") operated by its subsidiary Discovery Air Fire Services Inc. ("DAFS"). The total transaction consideration is approximately $15.38 million, subject to certain post-closing purchase price adjustments (the "Purchase Price").

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