Mr. Colin Copp reports

CHORUS AVIATION ANNOUNCES AGREEMENT TO ACQUIRE ELISEN & ASSOCIATES INC.

Chorus Aviation Inc. has entered into an agreement to acquire Elisen & Associates Inc., a leading provider of aerospace engineering and certification services based in Montreal.

Founded in 1997 by Stephane Durand and Taif Rahman, Elisen has built a strong reputation for its work on complex engineering projects, spanning commercial, business and rotary aircraft modifications, defence projects, and sustainable aviation development. Elisen's projects include support and development work on the Airbus A220, Bell helicopters, and Bombardier, Gulfstream and Lear special mission aircraft, among others. Mr. Durand and Mr. Rahman will continue to lead Elisen following the closing of the transaction.

"Elisen is a leading engineering firm located at the core of Montreal's aerospace community. Acquiring Elisen will position us to grow our defence and specialized MRO capabilities by adding valuable expertise and industry relationships," said Colin Copp, president and chief executive officer, Chorus. "We are delighted that Stephane and Taif will continue to lead Elisen, and look forward to welcoming the entire Elisen team."

"We have had expressions of interest from several companies over the years, but none provides the alignment of culture, values and strategic vision that Chorus offers," stated Elisen's co-president, Mr. Rahman.

"We are excited to work with the Chorus team to pursue a broader set of opportunities together," added Elisen's co-president, Mr. Durand.

The transaction is expected to close prior to the end of this year, conditional upon the completion of certain regulatory notifications and the satisfaction of other customary conditions to closing. The transaction will be paid for using available cash and is not expected to have a material impact on Chorus's consolidated revenue, earnings or balance sheet.

About Chorus Aviation Inc.

Chorus is a holding company that 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's 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.

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

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