17:21:24 EDT Mon 20 May 2019
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Chorus Aviation Inc
Symbol C : CHR
Shares Issued 155,771,774
Close 2019-02-05 C$ 7.32
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Chorus to acquire nine CRJ900 jets from Bombardier

2019-02-06 07:35 ET - News Release

Also News Release (C-BBD) Bombardier Inc

Mr. Joseph Randell of Chorus reports

CHORUS AVIATION ANNOUNCES ACQUISITION OF NINE NEW BOMBARDIER CRJ900 AIRCRAFT

Chorus Aviation Inc. has entered into a firm purchase agreement with Bombardier Commercial Aircraft to acquire nine CRJ900 regional jet aircraft. These aircraft will be operated by its subsidiary, Jazz Aviation LP, under the Air Canada Express brand as per Jazz's capacity purchase agreement (CPA) with Air Canada. The nine aircraft will be delivered in 2020.

"The addition of these new CRJ900 aircraft is a significant step in modernizing the Jazz fleet with larger aircraft while supporting the continued growth of our leasing revenue," said Joseph Randell, president and chief executive officer, Chorus. "The economics of this aircraft will enhance our competitive position and our ability to more effectively respond to the needs of our customer and changing market demand."

"We are delighted that Chorus and Jazz have chosen Bombardier products for the growth and renewal of their fleet. It reaffirms their confidence in the value that the CRJ provides to airlines," said Fred Cromer, president, Bombardier Commercial Aircraft. "The CRJ900 aircraft is ideally suited to growing markets and is recognized for its superior performance, economics and passenger comfort."

These nine 76-seat aircraft will be configured in two classes of service with 12 seats in business class and 64 seats in economy class, including 20 preferred economy seats.

The new aircraft will be equipped with Bombardier's new Atmosphere cabin featuring a larger passenger living space, increased overhead bin capacity, more spacious lavatories and overall improved aesthetic details to enhance the passenger experience.

About Chorus Aviation Inc.

Headquartered in Halifax, N.S., Chorus was incorporated on Sept. 27, 2010. Chorus's vision is to deliver regional aviation to the world. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2011 and has established Chorus Aviation Capital Corp. to become a leading, global provider of regional aircraft leases. Chorus also owns Jazz Aviation LP and Voyageur Aviation Corp. -- companies that have long histories of safe and solid operations that deliver excellent customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and overhaul.

About Jazz

Jazz has a strong history in Canadian aviation with its roots going back to the 1930s. As the largest regional carrier in Canada, Jazz has a proven record of industry leadership and exceptional customer service and has leveraged that strength to deliver value to all its stakeholders. Jazz operates more flights and flies to more Canadian destinations than any other airline, and has a work force of approximately 4,900 professionals, highly experienced in the challenging and complex nature of regional operations.

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