An anonymous director reports

CHORUS AVIATION CONFIRMS COMMENCEMENT OF SUBSTANTIAL ISSUER BID AND FILING OF CIRCULAR

Chorus Aviation Inc. has commenced its previously announced substantial issuer bid, pursuant to which the company will offer to purchase up to $50-million in value of its Class A variable voting shares and Class B voting shares from holders of shares at a cash purchase price of not less than $23 and not more than $25 per share. The offer commenced today and will expire at 5 p.m. Toronto time on Nov. 10, 2025, or such later time and date to which the offer may be extended by Chorus.

Details of the offer, including instructions for tendering Shares to the offer and the factors considered by the board in making its decision to approve the offer, are included in the formal offer to purchase and issuer bid circular, letter of transmittal, and notice of guaranteed delivery. The offer documents have been mailed to registered shareholders and filed with applicable Canadian Securities Administrators on SEDAR+, and have been posted on Chorus's website. Shareholders should carefully read the offer documents prior to making a decision with respect to the offer.

A non-registered shareholder who wishes to deposit shares under the offer and who holds such shares through an investment dealer, stock broker, bank, trust company or other nominee should immediately contact such nominee in order to take the necessary steps to be able to deposit such shares under the offer.

Any shareholder who, as a result of the Canada Post labour disruption, is delayed in receiving a physical copy of the offer documents may request to receive an electronic copy of the offer documents by e-mail at investorsinfo@chorusaviation.com.

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; 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; 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.

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