Chorus Aviation announces agreement to acquire two additional Embraer 190 aircraft on lease to Aeromexico Connect

HALIFAX, July 27, 2017 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced today an agreement by a Chorus Aviation Capital subsidiary to acquire two additional Embraer 190 aircraft currently on lease to Aerolitoral, S.A. de C.V. (d.b.a. ‘Aeromexico Connect’), a subsidiary of Aerovías de México, S.A. de C.V. (d.b.a. ‘Aeromexico’).

Commenting on the purchase, Chorus Aviation Capital’s President, Steven Ridolfi, said, "These two Embraer 190s will constitute our second and third aircraft on lease to Aeromexico Connect. We look forward to building a strong relationship with this very important customer."

"Upon completing this transaction and the one announced on July 17, we will have four Embraers in our leased fleet," said Joe Randell, President and Chief Executive Officer, Chorus. "Together with our sizeable fleet of Bombardier turboprop and jet aircraft, we are doing exactly what we set out to do with our leasing business: build a diversified, high-quality fleet of regional aircraft for lease to the most reputable regional airlines around the globe."

These acquisitions are expected to close in the third quarter and are subject to customary conditions precedent to closing, including novation of the existing leases.

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

Forward-Looking Information

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SOURCE Chorus Aviation Inc.