Mr. Steven Ridolfi reports

CHORUS AVIATION ANNOUNCES PORTFOLIO TRANSACTION FOR SIX REGIONAL AIRCRAFT

Chorus Aviation Inc.'s Chorus Aviation Capital has signed an agreement to acquire a portfolio of six aircraft with leases attached. The portfolio consists of two ATR72-600s on lease to Azul of Brazil, and four Q400s on lease to two other existing customers of Chorus Aviation Capital. With these acquisitions, Chorus's suite of leased regional aircraft (inclusive of nine transactions pending completion) has reached 40 aircraft, comprising 28 turboprops and 12 regional jets valued at approximately $850-million (U.S.).

"We are delighted to secure this portfolio acquisition, which will add six more attractive turboprop aircraft to our global fleet and further our relationships with our customers," commented Steven Ridolfi, president, Chorus Aviation Capital. "With the establishment of our new $300-million (U.S.) credit facility and the capital we have on hand, I'm confident the momentum achieved in our growth strategy will continue to build."

The acquisitions of the aircraft on lease to Azul have been completed. The acquisitions of the aircraft on lease to the two other lessees remain to be completed subject to satisfaction of customary conditions precedent to closing.

About Chorus Aviation Capital

Established in 2017, Chorus Aviation Capital currently has relationships with 12 regional airlines based in 12 countries. The company is focused on building a portfolio of new and midlife regional aircraft, while leveraging the synergies inherent among its affiliated companies to provide a full suite of regional aviation services.

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 established Chorus Aviation Capital 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.

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