HALIFAX, Oct. 23, 2020 /CNW/ - In response to a
request from IIROC, Chorus Aviation Inc. ("Chorus" or the
"Company") (TSX: CHR) confirmed today that it has received a
preliminary, non-binding acquisition proposal from a third party
that is subject to a number of significant conditions. There can be
no assurance that any transaction will occur, or as to the timing,
structure or terms of any transaction. Chorus does not intend to
make further comment unless or until there is a transaction to
announce.
Forward-Looking Information
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 involves known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to differ materially from those
indicated in the forward-looking information. Actual results may
differ materially from results indicated in forward-looking
information for a number of reasons, including the failure to
conclude the transaction referenced in this news release, the
factors identified in Chorus' public disclosure record available at
www.sedar.com and the risk factors identified in Chorus'
Annual Information Form dated February 12,
2020. Statements containing forward-looking information in
this news release represent Chorus' expectations as of the date of
this news release (or as of the date they are otherwise stated to
be made) and are subject to change after such date. Chorus
disclaims any intention or obligation to update or revise such
statements to reflect new information, subsequent events or
otherwise, unless required by applicable securities laws.
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; 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'.
www.chorusaviation.com
SOURCE Chorus Aviation Inc.