Premier Aviation completes the Asset Purchase of Discovery Air's Technical Services Division

TROIS-RIVIÈRES, QUÉBEC--(Marketwired - Jan. 13, 2016) - Premier Aviation Overhaul Centre Inc. ("Premier"), Canada's largest aircraft heavy maintenance and paint organisation, announced today that they have successfully completed the acquisition of substantially all of the Assets of Discovery Air's Technical Services Division ("DATS"). The offer to purchase, which was subject to due diligence was first announced by both parties in June 2015.

The DATS acquisition expands Premier's physical footprint adding another maintenance hangar to the current three international facilities, and is their second location in Quebec. The purchase, adds four to five more lines of aircraft maintenance thus expanding Premier's service capacity. The acquisition immediately adds an estimated one hundred and thirty qualified and experienced employees to the Premier Aviation workforce.

Ronnie Di Bartolo, Premier's President and CEO commented, "We're happy to officially welcome the former DATS employees to the Premier Team. This most recent acquisition, further solidifies our position in Quebec, expands and enhances our workforce, and delivers additional service offerings. It also, represents another important step in our strategic growth plan, one that will benefit our customers, our employees and the region for years to come. As our customer base continues to grow, our need for hangar capacity and skilled labour grows with it. With the acquisition of the DATS facility, we have managed to satisfy both of these requirements. "

JP Bastien, VP - Operations, PAQ commented, " We are very proud to be part of the Premier family. Not only will we provide the employees of Quebec with a bright future, but, we will be able to benefit from Premier's track record of MRO success. This is a great opportunity for us to showcase our expertise and continuing commitment to the market"

As Canada's largest airframe heavy maintenance organisation, the addition of a third Canadian location provides Premier Aviation and its customers with tremendous flexibility. Premier's presence in Canada and the United States affords customers widespread access to quality airframe heavy maintenance and aircraft painting. Premier currently provides heavy maintenance services to many of North America's largest fleets and airlines, servicing both narrow and wide-body aircraft and now adding significant regional aircraft capability. Location flexibility and skilled labour are essential commodities in an industry that continues to grow and change daily.

About Premier Aviation

Premier Aviation is the largest Canadian-owned aircraft Maintenance, Repair and Overhaul (MRO) and aircraft painting company in North America, with facilities in, Trois-Rivières, Quebec, Canada, Windsor, Ontario, Canada and Rome, New York, United States. Since its inception in 2002, the company has maintained a steady growth of clients and services. For more information on Premier Aviation, visit www.premieraviation.ca.