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Enter Symbol
or Name
USA
CA



Chorus Aviation Inc
Symbol CHR
Shares Issued 139,564,583
Close 2018-11-02 C$ 6.92
Market Cap C$ 965,786,914
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Chorus to purchase, lease two Bombardier Q400 aircraft

2018-11-05 16:10 ET - News Release

Mr. Manon Stuart reports

CHORUS AVIATION ANNOUNCES PURCHASE OF TWO NEW BOMBARDIER Q400S AND AGREEMENT TO LEASE TO JAMBOJET

Chorus Aviation Inc. has made agreements to purchase two new Bombardier Q400 turboprop aircraft and lease them to Jambojet Ltd., a subsidiary of Kenya Airways PLC. Both aircraft are scheduled to be delivered and enter service in the second half of 2019.

Steve Ridolfi, president of Chorus Aviation Capital, stated, "We are excited about the growth prospects for regional aviation in Africa and are particularly pleased to be working with Jambojet, a regional low-cost carrier based in Kenya, through this transaction."

Willem Hondius, chief executive officer of Jambojet, stated: "This agreement comes at a pivotal time in Jambojet's journey as we expand our footprint into the East Africa region and increase our frequencies to meet the high demand of affordable and quality air travel. We are looking forward to forging a strong relationship with Chorus for mutual growth."

Upon the completion of this transaction, Chorus Aviation Capital will have 13 lessees in 13 countries, two of which are based in Africa. In total, Chorus will have 80 aircraft on lease throughout the world.

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 has established Chorus Aviation Capital Corp. 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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