An anonymous director reports

CHORUS AVIATION ANNOUNCES AGREEMENT TO SELL THREE DASH 8-400 AIRCRAFT AND CLOSING OF ELISEN ACQUISITION

Chorus Aviation Inc. has entered into an agreement to sell three Dash 8-400 aircraft and has closed the previously announced acquisition of Elisen & Associates Inc.

Chorus expects to realize net proceeds of approximately $20-million (U.S.) from the sale of the three Dash 8-400 aircraft. Subject to customary conditions to closing, the sales are expected to close by the end of this year as each of the aircraft exits the fleet in accordance with the capacity purchase agreement between Jazz Aviation LP and Air Canada.

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; Cygnet Aviation Academy, an industry-leading accredited training academy preparing pilots for direct entry into airlines; and Elisen & Associates, a leading provider of aerospace engineering and certification services. Together, Chorus's subsidiaries provide services that encompass every stage of an aircraft's life cycle, including: contract flying; aircraft refurbishment, engineering and certification services, modification, repurposing, and transition; contract flying; 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 cent 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.

We seek Safe Harbor.