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Discovery Air Posts Higher Q2 Profit

PCC Daily News for Pilots

September 15, 2011

Discovery Air posted a higher quarterly profit helped by strong demand for flight services in northern Canada and Peru.

For the second quarter, the company earned CAD$18 million, compared with CAD$11.3 million in the year ago period.

Revenue rose by 23 percent to CAD$70.7 million.

Ontario-based Discovery Air provides air transport, logistics and remote operations management services to corporate customers and government agencies.