Discovery cancels VIH buy

 - March 27, 2007, 6:52 AM

A plan for Discovery Air to buy VIH Aviation Group, which would have included VIH affiliate YYJ FBO Services at Victoria International Airport in British Columbia, has been canceled, according to a Discovery statement. “Over the course of recent conversations between VIH and David Taylor, CEO of Discovery,” said a VIH statement, “it became apparent that both businesses have a different vision of the strategic direction of the companies and their corporate management and governance in both the short term and long term. VIH has not divulged details of how specifically the negotiations broke down, but price was not the issue.”