Chorus Aviation Capital builds diversified portfolios of regional aircraft manufactured by ATR, Bombardier and Embraer that will be leased to regional aircraft operators around the world. Additionally, CAC has extended its lease agreements with Aerolitoral, S.A. de C.V. (d.b.a. The company has also acquired six ATR 72-600 turboprops, with three on lease to Flybe and three on lease to Virgin Australia. Two Embraer E190 jets will also join the fleet, with one on lease with KLM Cityhopper, a subsidiary of KLM Royal Dutch Airlines; and one on lease with Aeromexico Connect. 1 Figure includes four lease commitments for aircraft anticipated to be delivered in 2020. For further information: Chorus Media Contacts: Manon Stuart, (902) 873-5054, [email protected]; Teri Udle, (902) 873-5047, [email protected]; Analyst Contact: Nathalie Megann, (902) 873-5094, [email protected]. With this strong market performance, CAC's third-party lease portfolio has now reached 641 aircraft. "Trading aircraft, securing lease extensions, and penetrating new markets further demonstrates the capabilities of our maturing aircraft leasing business. Copyright © 2020 CNW Group Ltd. All Rights Reserved. The aircraft will be operated by Chorus subsidiary, Jazz Aviation, with delivery expected in 2020. Chorus aviation also acquired air charter company Voyageur Airways in 2015. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the failure to close the transactions referenced in this news release on the terms and conditions currently contemplated by Chorus, or at all, as well the risk factors identified in Chorus’ Annual Information Form dated February 21, 2019 and in Chorus’ public disclosure record available at www.sedar.com.  In 2008, ACE Aviation Holdings sold its remaining participation in the company. Year-end, and previously unannounced transactions, include the acquisition of two mid-life Dash 8-400 aircraft (MSNs 4300 and 4301) on lease to Croatia Airlines, and an additional sale leaseback of two new ATR 72-600 aircraft (MSNs 1545 and 1552) with IndiGo. HALIFAX, Jan. 13, 2020 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced today that Chorus Aviation Capital (‘CAC’) added a total of 34 aircraft on-lease in 2019. We secured a US$300.0 million warehouse facility, traded our first portfolio aircraft with the previously announced sale of three Dash 8-400 Falcon aircraft, and extended our first leases with the renewal of the three Aeromexico Connect E190 aircraft. With this successful aircraft re-lease outcome, we have no further scheduled lease expiries until 2021. Chorus provides a full suite of regional aviation support services that encompasses every stage of an aircraft’s lifecycle, including: aircraft acquisition and leasing, aircraft refurbishment, engineering, modification, repurposing and preparation, contract flying, aircraft and component maintenance, disassembly, and parts provisioning.  In 2011, it became a public corporation and changed its name to Chorus aviation, due to a change in Canadian tax laws which removed tax advantages for income funds, such changes prompting other income funds to restructure similarly..
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