Delivering regional aviation to the world
HALIFAX, NS, April 12, 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 Sky Alps of Bolzano, Italy. CAC expects to deliver the aircraft
(MSNs 4230 and 4237) in April and May
2021.
"We are delighted to welcome Sky Alps as a new customer and look
forward to supporting their success," commented Steven Ridolfi, President, CAC. "We have been
very impressed by the entrepreneurial spirit and business vision of
the Sky Alps management team, including their introduction of
regional connectivity to the northeastern Italian market, and we
are excited at the growth potential of this market."
"Sky Alps is very pleased to have selected CAC as our aircraft
supplier for the initial launch of services from our South Tyrol base in Bolzano with two Dash
8-400 on long-term operating leases. Throughout our engagement, CAC
has demonstrated its expertise in regional aviation matters and its
commitment to Sky Alps operations. The Dash 8-400 will play a key
role in the development of leisure and business access to our
region," added Josef Gostner, President of Sky Alps.
"History has shown that during downturns impacting the aviation
sector, the regional market is the most resilient. Sky Alps is a
terrific example of an operator seizing the opportunity to start up
a new service as regional air travel begins to lead the recovery in
global air travel," said Joe
Randell, President and Chief Executive Officer, Chorus.
"Further, the successful remarketing of these aircraft, which were
repossessed by CAC in 2020 and underwent extensive reconfiguration
and return-to-service work performed by Voyageur and Jazz Technical
Services, is a testament to Chorus' broad ability to find
opportunities and execute on comprehensive solutions to remarket
our aircraft in the midst of one of the most challenging periods in
aviation history," concluded Mr. Randell.
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, 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 differ materially
from those expressed in this news release for a number of reasons,
including a failure by either of the parties to the lease
agreements to satisfy the conditions precedent to delivery of the
aircraft, as well as 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
at www.sedar.com.
About Sky Alps
Sky Alps is a subsidiary company of the Fri-El Green Power
S.p.A., one of the leading companies in the renewable energy field
in Italy. They also hold an
important position in the management and development on the future
advancements of the airport in Bolzano.
Based in Bolzano, Italy, Sky
Alps will begin domestic scheduled services to the Alpine region in
the summer season of 2021, with a fleet of Dash 8-400 aircraft.
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.