HALIFAX, Sept. 28, 2017 /CNW/ - Chorus Aviation Inc. ("Chorus")
(TSX: CHR) announced today the delivery of a fourth new Bombardier CRJ1000 regional jet on long-term lease to Air Nostrum, Lineas
Aereas Del Mediterraneo, S.A. ('Air Nostrum'). On November 9, 2016, Chorus announced plans to
purchase and lease four new CRJ1000 regional jets to Air Nostrum.
Chorus also announced today that a Chorus Aviation Capital subsidiary had completed the acquisition of an Embraer 190 aircraft
currently on lease to Aerolitoral, S.A. de C.V. ('Aeromexico Connect'). This acquisition agreement was previously announced on
July 17, 2017.
"We are pleased to place a fourth CRJ1000 with Air Nostrum, and delighted to welcome Aeromexico Connect to our growing pool of
airline lessees," commented Steven Ridolfi, President, Chorus Aviation Capital. "We now have
relationships with seven well-established, major regional airlines in seven countries and are well on our way to building a
leading global regional aircraft leasing company."
About Chorus
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010. Chorus' vision is to deliver regional aviation to the world. Chorus owns Jazz
Aviation and Voyageur Aviation – companies that have long histories of safe and solid operations that deliver excellent
customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and
overhaul. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009, and
recently established Chorus Aviation Capital to become a leading, global provider of regional aircraft leases and support
services. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading
symbol 'CHR'. For more information about Chorus and its subsidiaries, see www.chorusaviation.ca.
Forward-Looking Information
This news release may contain "forward-looking information" as defined under applicable Canadian securities legislation.
Forward-looking information typically contains words such as "anticipate", "believe", "could", "should", "estimate", "expect",
"intend", "may", "plan", "predict", "project", "will", "would", and similar words and phrases, including references to
assumptions. Such information may involve but is not limited to comments with respect to strategies, expectations, planned
operations or future actions. Forward-looking information related to analyses and other information that are based on forecasts
of future results, estimates of amounts not yet determinable and other uncertain events. Forward looking information, by its
nature, is based on assumptions, including those described below, and is subject to important risks and uncertainties. Any
forecasts or forward-looking predictions or statements cannot be relied upon due to, amongst other things, changing external
events and general uncertainties of the business. Such statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements to differ materially from those expressed in the
forward-looking statements. For a further discussion of risks, please refer to the section titled "Risk Factors" in Chorus'
Annual Information Form dated February 15, 2017. Any statements containing forward-looking
information in this news release represent Chorus' expectations as of September 28, 2017. Chorus
disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information,
future events or otherwise, except as required under applicable securities laws.
SOURCE Chorus Aviation Inc.
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