A global provider of integrated regional
HALIFAX, NS, Aug. 4, 2021
/CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today
that Chorus Aviation Capital ('CAC') has entered into agreements to
lease two Dash 8-400 aircraft to Waltzing Matilda Airlines, LP
('WMA'), doing business as Connect Airlines. CAC expects to deliver
the aircraft in September and November
"We are delighted to welcome Connect Airlines to our family of
lessees and look forward to building a strong partnership with this
new and exciting U.S. scheduled passenger carrier," commented
Steven Ridolfi, President, CAC.
"We commend the team at CAC for supporting our launch of Connect
Airlines. Connect's selection of the venerable and Canadian-built
Dash 8-400 turboprop aircraft demonstrates our confidence in its
passenger and operational advantages," commented John Thomas, Chief Executive Officer of WMA.
These two aircraft are the last two remaining Dash 8-400s
previously operated by Flybe and repossessed by CAC in 2020.
Inclusive of the previously announced transactions with Cobham and
Sky Alps, CAC has now remarketed and successfully placed all the
repossessed Dash 8-400 aircraft. All aircraft underwent
reconfiguration and return-to-service work at Chorus' subsidiaries,
Voyageur Aviation and Jazz Technical Services.
"I'm proud of the Chorus team's collaborative efforts in finding
opportunities and delivering integrated solutions to remarket our
aircraft in this challenging environment" said Joe Randell, President and Chief Executive
Officer, Chorus. "Our decades of experience as a regional operator
together with our expertise in providing a full suite of regional
aviation services differentiate Chorus from the competition."
This news release contains 'forward-looking information'.
Forward-looking information is identified by the use of terms and
phrases such as "anticipate", "believe", "could", "estimate",
"expect", "intend", "may", "plan", "predict", "potential",
"project", "will", "would", and similar terms and phrases,
including references to assumptions.
Forward-looking information, by its nature, is based on
assumptions regarding future events and circumstances, and is
therefore subject to important risks and uncertainties that may
cause actual results to differ materially from those expressed in
forward-looking information. Actual results may also differ
materially from those expressed in this news release for a number
of reasons, including the risk factors identified in Chorus' most
recent Annual Information Form, Management's Discussion and
Analysis of Results of Operations and Financial Condition, and in
Chorus' public disclosure record available
About Chorus Aviation Inc.
Chorus is a global provider of integrated regional aviation
solutions. Chorus' vision is to deliver regional aviation to
the world. Headquartered in Halifax, Nova Scotia, Chorus is comprised of 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.
Chorus provides a full suite of regional aviation support services
that encompasses every stage of an aircraft's
lifecycle, including aircraft acquisitions and leasing; aircraft
refurbishment, engineering, modification, repurposing and
preparation; contract flying; and aircraft and component
maintenance, disassembly, and parts provisioning.
Chorus' Class A Variable Voting Shares and Class B Voting Shares
trade on the Toronto Stock Exchange under the trading symbol
'CHR'. Chorus 6.00% Senior Debentures, 5.75% Senior Unsecured
Debentures, and 6.00% Convertible Senior Unsecured Debentures trade
on the Toronto Stock Exchange under the trading symbols 'CHR.DB',
'CHR.DB.A', and 'CHR.DB.B', respectively.
About Waltzing Matilda Aviation
WMA is an affiliate of Waltzing Matilda Aviation, LLC, a
Boston-based jet charter operator
that began private operations in June
2008 and has operated thousands of hours of safe and
reliable flying with a focus on delivering superior customer
service. Waltzing Matilda will launch a new scheduled airline in Q4
2021 under the Connect Airlines brand. Connect Airlines will be
based at the Billy Bishop Toronto City Airport, offering routes to
points in the Northeast and Midwest U.S., using Dash 8-400
SOURCE Chorus Aviation Inc.