Discovery Air Inc. ("Discovery Air" or the "Corporation") (TSX:DA.DB.A) announced today that it has extended its operating credit facility with the Canadian Imperial Bank of Commerce (the "CIBC Operating Facility") for a term ending January 31, 2019 (which may be accelerated in certain circumstances).

Discovery Air Defence Services Inc. and its subsidiaries are no longer obligors under the CIBC Operating Facility.

Additional details can be found on SEDAR at www.sedar.com.