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Chorus Aviation Inc
Symbol CHR
Shares Issued 159,928,315
Close 2019-11-18 C$ 7.97
Market Cap C$ 1,274,628,671
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Chorus Aviation unit, Segers set up Dubai parts depot

2019-11-18 06:30 ET - News Release

Mr. Joe Randell reports

VOYAGEUR AVIATION CORP. AND SEGERS AVIATION SA ESTABLISH A REGIONAL AIRCRAFT PARTS DEPOT IN DUBAI

Voyageur Aviation Corp., a subsidiary of Chorus Aviation Inc., and Segers Aviation SA, a Segers Group company, have established a regional aircraft parts depot in Dubai, United Arab Emirates. This exciting new partnership includes a spare parts distribution agreement that will leverage Segers's experienced logistics and sales expertise to sell Voyageur-owned spare parts to operators in the region and beyond.

Under this agreement, Voyageur will be providing a pool of Dash 8-400, CRJ and Dash 8 Classic spare parts to Segers for sale or exchange. Segers's UAE office has expertise in marketing its own inventory and MRO services to operators in the Middle East, Africa and Asia. The two organizations have a long history of successful co-operation and partnership with Voyageur having sent Dash 8 propeller components to Segers's U.K. MRO, Proptech Aero Ltd. for many years.

"We are extremely pleased with the establishment of a regional parts depot in Dubai, which aligns with our vision to deliver regional aviation to the world," said Joe Randell, president and chief executive officer, Chorus. "Voyageur's Avparts division has been on a steady growth path since its inception and is an important part of our ability to provide a full suite of regional aviation support services."

Larry Bayliss, vice-president, Avparts at Voyageur, said: "We have long recognized the need to position spare parts close to our customers and to offer commercial support within the time zone. Our long-standing relationship with Segers combined with their proven logistics and sales capability make them an ideal partner."

Peter Clift, Segers's managing director, added: "Our Dubai location, with its many strategic benefits and excellent logistics connectivity, has played a significant role in our success over many years and we look forward to working with Voyageur on this fantastic opportunity. Voyageur's access to, and skill in managing, aircraft spare parts gives us great confidence that we will have the right spare parts available at the right prices to support customers in the Middle East, Africa, Asia and Europe. We look forward to working with operators to meet their requirements and to discuss longer-term support opportunities."

About Voyageur Aviation Corp.

Voyageur Aviation is a wholly owned subsidiary of Chorus Aviation, a company whose vision is to deliver regional aviation to the world.

Voyageur Aviation, including its divisions Voyageur Airways, Voyageur Aerotech and Voyageur Avparts, delivers innovative solutions to customers with unique aviation requirements and operates under the core principles of comprehensive safety management, quality assurance and client-dedicated solutions.

About Chorus Aviation Inc.

Chorus is a global provider of integrated regional aviation solutions. Chorus's vision is to deliver regional aviation to the world. Headquartered in Halifax, Nova Scotia, Chorus comprises Chorus Aviation Capital a leading, global lessor of regional aircraft, and Jazz Aviation and Voyageur Aviation -- companies that have long histories of safe operations with excellent customer service.

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