Mr. Colin Copp reports

AIR CANADA AND CHORUS AVIATION COMMENT ON AIR CANADA'S BRIDGING AGREEMENT FOR ADDITIONAL REGIONAL CAPACITY

Air Canada and Chorus Aviation Inc., parent company of Jazz Aviation LP, have provided comment on Air Canada's arrangement for additional flying capacity with another airline for up to six De Havilland Canada DHC-8 aircraft.

"Jazz is our long-term Air Canada Express partner, and we are working together to increase flying activity within the framework of our existing CPA [capacity purchase agreement] given the current, industrywide pilot situation. As these efforts continue and to help meet the needs and expectations of the travelling public, Air Canada has entered into a bridging arrangement with another airline to provide additional regional capacity on select routes in Eastern Canada," said Michael Rousseau, president and chief executive officer of Air Canada.

"Chorus understands that Air Canada is increasing capacity to meet travel demand and that the addition of these aircraft is a bridging solution. We confirm that this agreement does not impact Chorus financially," said Colin Copp, president and chief executive officer of Chorus.

About Chorus Aviation Inc.

Chorus is a leading, global aviation solutions provider and asset manager, focused on regional aviation. The company's principal subsidiaries are: Falko Regional Aircraft, the leading pure play regional aircraft asset manager and lessor, managing investments on behalf of third-party fund investors; Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry-leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus's subsidiaries provide services that encompass every stage of a regional aircraft's life cycle, including: aircraft acquisition and leasing; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; and pilot training.

Chorus Class A variable voting shares and Class B voting shares trade on the Toronto Stock Exchange under the trading symbol CHR. Chorus 5.75 per cent senior unsecured debentures due Dec. 31, 2024, 6.00 per cent convertible senior unsecured debentures due June 30, 2026, and 5.75 per cent senior unsecured debentures due June 30, 2027, trade on the TSX under the trading symbols CHR.DB.A, CHR.DB.B and CHR.DB.C, respectively.