Mr. Colin Copp reports

JAZZ AND ITS PILOTS REPRESENTED BY ALPA RATIFY MODIFICATIONS TO THE PILOT COLLECTIVE AGREEMENT

Chorus Aviation Inc.'s subsidiary, Jazz Aviation LP, and Jazz pilots represented by the Air Line Pilots Association (ALPA) ratified modifications to their collective agreement on Aug. 28, 2023, with an effective date of Sept. 1, 2023.

"I want to thank our Jazz and ALPA negotiating teams for their efforts in reaching this agreement that recognizes the changing pilot wage environment and provides Jazz with improved recruitment and training options," said Randolph deGooyer, president, Jazz. "Through this modified agreement, we have shown a shared commitment to addressing industry challenges collaboratively," Mr. deGooyer concluded.

Colin Copp, president and chief executive officer, Chorus, acknowledged Jazz for its ability to collaborate with unions and its customer, Air Canada, to reach a progressive solution. "Jazz has an excellent track record of finding solutions and working well with its unions. These changes will further position Jazz as the leading regional operator in Canada," said Mr. Copp.

The modified collective agreement will not have a financial impact on Chorus.

About Jazz Aviation LP

Jazz Aviation is the largest regional carrier in Canada and the primary operator of Air Canada Express flights to destinations across North America. Jazz is one of Canada's top employers for young people and a best diversity employer with an award-winning safety culture. These strengths, along with Jazz's proven record of industry leadership and exceptional customer service, create and deliver value to stakeholders.

About Chorus Aviation Inc.

Chorus is a leading, global aviation solutions provider and asset manager, focused on regional aviation. Our 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' subsidiaries provide services that encompass every stage of a regional aircraft's lifecycle, 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.

We seek Safe Harbor.