An anonymous director reports

CHORUS AVIATION INC. ENTERS INTO AN AUTOMATIC SHARE PURCHASE PLAN

Chorus Aviation Inc. has entered into an automatic share purchase plan (ASPP) with a broker to facilitate purchases of its Class A variable voting shares and Class B voting shares under its normal course issuer bid (NCIB) previously announced on Nov. 6, 2024. Purchases under the NCIB were suspended during the period of the company's substantial issuer bid for its shares which expired on May 20, 2025. The company now intends to resume purchasing shares under the NCIB.

The company has entered into the ASPP with its designated broker to allow for the purchase of shares during trading blackout periods, subject to certain parameters such as price and number of shares. Outside of blackout periods, shares may also be repurchased in accordance with management's discretion, subject to applicable law. Chorus may vary, suspend or terminate the plan only if it does not have material non-public information when the decision is made. The plan constitutes an "automatic plan" for purposes of applicable Canadian securities legislation and has been reviewed by the Toronto Stock Exchange.

Under the terms of the NCIB approved by the TSX, Chorus may purchase for cancellation up to a maximum of 1,280,640 shares between now and Nov. 13, 2025. Purchases made pursuant to the NCIB will be made in the open market through the facilities of the TSX and/or alternative Canadian trading systems at the market price at the time of the purchases in accordance with the rules of the TSX and applicable securities laws. On any trading day, Chorus will not purchase more than 11,836 shares (representing 25 per cent of the average daily trading volume for the six months ended Oct. 31, 2024), except where such purchases are made in accordance with the block purchase exemptions under the TSX rules. Purchases under the NCIB will conclude on the earlier of the date on which Chorus has purchased 1,280,640 shares and Nov. 13, 2025. There can be no assurance as to how many shares, if any, Chorus will acquire under the NCIB.

About Chorus Aviation Inc.

Chorus is a holding company which owns the following principal operating subsidiaries: 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 an aircraft's life cycle, including: contract flying, aircraft refurbishment, engineering, modification, repurposing and transition; aircraft and component maintenance, disassembly and parts provisioning; aircraft acquisition and leasing; and pilot training.

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