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Chorus Aviation Inc T.CHR

Alternate Symbol(s):  CHRRF | T.CHR.DB.B | T.CHR.DB.C | T.CHR.DB.A

Chorus Aviation Inc. is a global aviation solutions provider and asset manager, focused on regional aviation. The Company’s primary business activities include contract flying, managing aircraft on behalf of fund investors and other third-party aircraft investors and/or owners, as well as maintenance, repair and overhaul services and pilot training. The Company operates through Regional Aviation Services segment. The Company offers contracted flying services within North America and also provides medical, logistical and humanitarian flight operations to Canadian and international customers. Its subsidiaries include Jazz Aviation LP, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation Corp., a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services, and Cygnet Aviation Academy, an accredited training academy preparing pilots for direct entry into airlines.


TSX:CHR - Post by User

Bullboard Posts
Post by kijijion Dec 19, 2018 9:32am
172 Views
Post# 29133899

CHR ANNOUNCES EXPANSION OF LEASING ARRANGEMENT WITH ETHIOPIA

CHR ANNOUNCES EXPANSION OF LEASING ARRANGEMENT WITH ETHIOPIA
CHORUS AVIATION ANNOUNCES EXPANSION OF LEASING ARRANGEMENT WITH ETHIOPIAN AIRLINES
 
Chorus Aviation Inc.'s Chorus Aviation Capital (CAC) will lease an additional Bombardier Q400 aircraft to Ethiopian Airlines Group. In December of 2017, CAC leased two new Q400 aircraft to Ethiopian Airlines. This additional lease agreement, as announced today, is for a third new Q400 aircraft which is scheduled to be delivered to Ethiopian Airlines this month.
 
"We are very pleased to build upon our relationship with Ethiopian Airlines as they grow their portfolio of leased aircraft with Chorus Aviation Capital," said, Steve Ridolfi, President of Chorus Aviation Capital. "Recently awarded Company of the Year by All African Business Leaders Award, Ethiopian Airlines is one of the fastest growing and storied airlines in Africa. We look forward to continuing to work with this award-winning airline and their impressive team."
 
Chorus Aviation Capital now includes 13 lessees in 13 countries, two of which are based in Africa. With this latest transaction completed, Chorus will have a total of 81 aircraft on lease throughout the world.1
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