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Chorus Aviation Inc
Symbol CHR
Shares Issued 139,379,606
Close 2018-09-25 C$ 7.65
Market Cap C$ 1,066,253,986
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Chorus Aviation's Jazz wins maintenance contract

2018-09-26 08:31 ET - News Release

Mr. Colin Copp reports

JAZZ TECHNICAL SERVICES AWARDED AIRBALTIC MAINTENANCE CONTRACT

Chorus Aviation Inc.'s subsidiary, Jazz Aviation LP, has been awarded a contract for heavy maintenance work for airBaltic of Latvia. Under the terms of the agreement, Jazz Technical Services (JTS), a division of Jazz dedicated to maintenance, repair and overhaul (MRO) work, will provide airframe maintenance in support of airBaltic's 12 Q400 NextGen aircraft.

"We are very pleased to have been awarded this contract as we continue to focus on growth in our MRO business and are enthused to be expanding our customer base internationally with the addition of airBaltic," said Colin Copp, president, Jazz Aviation. "Our JTS division provides industry-leading turn times, a premium level of service and maintenance expertise which is well known and respected throughout the industry."

Andris Vaivads, senior vice-president of technical operations of airBaltic, said: "We are excited to enter this partnership as we value Jazz Aviation highly for their experience in cold weather, which is characteristic to our home markets of Latvia, Estonia and Lithuania. We rely on short turnaround times as it allows us to offer in many cases the fastest and most convenient transfers via our main hub in Riga spanning our network of Europe, Scandinavia, Russia, CIS and the Middle East."

Jazz Technical Services will perform the work for airBaltic from its six-bay, 80,000-square-foot facility at Halifax Stanfield International Airport, where over 400 maintenance professionals are employed supporting contracts for Canadian, U.S. and international customers.

Jazz's maintenance division has received Bombardier Airline reliability performance awards for five consecutive years and was the North American recipient of Bombardier's 2017 airline reliability performance awards in two categories: CRJ100/200 aircraft programs for North America; and CRJ700/900/1000 aircraft programs for North America. Jazz was previously honoured with top performance in the North American region for the Q400, CRJ100/200, and CRJ700/900/1000 aircraft program categories in 2016 and 2015; the Q100/200/300, CRJ100/200, and CRJ700/900/1000 aircraft programs in 2014; and the Q400 and CRJ100/200 aircraft programs in 2013.

About Jazz Aviation LP

Jazz Aviation has a strong history in Canadian aviation with its roots going back to the 1930s. Jazz is owned by Chorus Aviation. Chorus's vision is to deliver regional aviation to the world.

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 4,500 professionals, highly experienced in the challenging and complex nature of regional operations.

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 2009, and established Chorus Aviation Capital to become a leading, global provider of regional aircraft leases and support services. Chorus also owns Jazz Aviation and Voyageur Aviation -- 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.

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