Mr. Steve Ridolfi reports

CHORUS AVIATION SECURES US $300 MILLION FINANCING FACILITY TO SUPPORT THE GROWTH OF ITS REGIONAL AIRCRAFT LEASING BUSINESS

Chorus Aviation Inc.'s Chorus Aviation Capital (Ireland) Ltd. has secured a $300-million (U.S.) committed, revolving credit facility to be used to finance future aircraft acquisitions for its regional aircraft leasing business.

Borrowing under this facility will be used to support the expansion of Chorus Aviation Capital's regional aircraft portfolio beyond its current 34 aircraft valued at $750-million (U.S.).

"This facility will provide a committed and flexible source of debt capital, further enhancing our ability to grow our regional aircraft portfolio," commented Steve Ridolfi, president of Chorus Aviation Capital Corp. "Today's announcement is an important step in our evolution, greatly increasing our capacity and enabling us to pursue a broader range of potential transactions. The strong bank support we received during this process is a testament to their confidence in our business plan and team."

The facility is led by Deutsche Bank as lead arranger and structuring agent, and includes Barclays and the Royal Bank of Canada as syndicate members. "Deutsche Bank is delighted to support Chorus with its inaugural portfolio acquisition facility for its growth aspirations in the regional aircraft sector," commented Richard Moody, managing director and global co-head of transportation, infrastructure and energy at Deutsche Bank.

The facility contains eligibility and concentration criteria, as well as continuing financial covenants customary for a facility of this nature. Loans under the facility are secured primarily by the aircraft assets and related leases financed by the facility, and are guaranteed by Chorus Aviation Capital (Ireland).

About Chorus Aviation Inc.

Chorus Aviation's vision is to deliver regional aviation to the world. Chorus Aviation has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009 and has established Chorus Aviation Capital to become a leading, global provider of regional aircraft leases and support services. Chorus Aviation 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.

We seek Safe Harbor.