HALIFAX,
NS, Aug. 28, 2023 /CNW/ - Chorus Aviation Inc.
('Chorus') (TSX: CHR) today announced that its subsidiary, Jazz
Aviation LP ('Jazz'), and Jazz pilots represented by the Air Line
Pilots Association ('ALPA') ratified modifications to their
collective agreement on August 28,
2023, with an effective date of September 1, 2023.
"I want to thank our Jazz and ALPA negotiating teams for their
efforts in reaching this agreement that recognizes the changing
pilot wage environment and provides Jazz with improved recruitment
and training options," said Randolph deGooyer, President, Jazz.
"Through this modified agreement, we have shown a shared commitment
to addressing industry challenges collaboratively," Mr. deGooyer
concluded.
Colin Copp, President and CEO,
Chorus, acknowledged Jazz for its ability to collaborate with
unions and its customer, Air Canada, to reach a progressive
solution. "Jazz has an excellent track record of finding solutions
and working well with its unions. These changes will further
position Jazz as the leading regional operator in Canada," said Mr. Copp.
The modified collective agreement will not have a financial
impact on Chorus.
Caution Regarding Forward-Looking
Information
This news release may include 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", "potential", "predict",
"project", "will", "would", and similar terms and phrases,
including negative versions thereof. Forward-looking information is
based on forecasts of future results, estimates of amounts not yet
determinable and other assumptions. Actual results may differ
materially from results indicated in forward-looking information
for a number of reasons, including the risk factors referenced in
Chorus' public disclosure record available on SEDAR
at www.sedar.com. Any forward-looking information in this news
release represents Chorus' expectations as of the date of this news
release and is subject to change after such date. Chorus disclaims
any intention or obligation to update or revise such information to
reflect new information, subsequent events or otherwise, except as
required by applicable securities laws.
About Jazz Aviation LP
Jazz Aviation LP is the largest regional carrier in Canada and the primary operator of Air Canada
Express flights to destinations across North America. Jazz is one of Canada's Top Employers for Young People and a
Best Diversity Employer with an award-winning safety culture. These
strengths, along with Jazz's proven track record of industry
leadership and exceptional customer service, create and deliver
value to stakeholders. flyjazz.ca
About Chorus Aviation
Inc.
Chorus is a leading, global aviation solutions provider and
asset manager, focused on regional aviation. Our principal
subsidiaries are: Falko Regional Aircraft, the leading pure play
regional aircraft asset manager and lessor, managing investments on
behalf of third-party fund investors; Jazz Aviation, the largest
regional operator in Canada and provider of regional air
services under the Air Canada Express brand; Voyageur Aviation, a
leading provider of specialty charter, aircraft modifications,
parts provisioning and in-service support services; and Cygnet
Aviation Academy, an industry leading accredited training academy
preparing pilots for direct entry into airlines. Together, Chorus'
subsidiaries provide services that encompass every stage of a
regional aircraft's lifecycle, including: aircraft acquisition and
leasing; aircraft refurbishment, engineering, modification,
repurposing and transition; contract flying; aircraft and component
maintenance, disassembly, and parts provisioning; and pilot
training.
Chorus Class A Variable Voting Shares and Class B Voting Shares
trade on the Toronto Stock Exchange under the trading symbol 'CHR'.
Chorus 5.75% Senior Unsecured Debentures due December 31,
2024, 6.00% Convertible Senior Unsecured Debentures due June
30, 2026, and 5.75% Senior Unsecured Debentures due June 30,
2027 trade on the Toronto Stock Exchange under the trading
symbols 'CHR.DB.A', 'CHR.DB.B', and 'CHR.DB.C'
respectively. www.chorusaviation.com
SOURCE Chorus Aviation Inc.