Delivering regional aviation to the world
HALIFAX, NS, Dec. 23, 2020 /CNW/ - Chorus Aviation Inc.
('Chorus') (TSX: CHR) announced today the delivery of two new
Airbus A220-300 aircraft to airBaltic of Latvia. The aircraft (MSNs 55094 and 55095)
are the final two of five units placed on long-term lease with the
airline through a committed sale and leaseback transaction
announced on November 20, 2019.
In December 2013, airBaltic became
the first operator of the A220-300 aircraft and in May 2020, the carrier re-launched as an all
Airbus A220 airline. "airBaltic continues to safely expand its
services following the pandemic crisis and is offering flights to
more than 65 destinations from all three Baltic countries," said Vitolds Jakovļevs,
Chief Financial Officer, airBaltic. "The aircraft has performed
beyond the airline's expectations, delivering better overall
performance and fuel efficiency while offering an excellent flying
experience."
"We applaud airBaltic's successful resumption and expansion of
services across Europe," stated
Joe Randell, President and Chief
Executive Officer, Chorus. "The state-of-the-art, Canadian-built
A220 aircraft is leading the charge in helping airlines around the
world resume operations as travel demand increases with the
implementation of rapid testing and distribution of vaccines to
limit the spread of COVID-19."
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 the impact of the COVID-19 pandemic on the aviation
industry and the contractual counterparties of Chorus and its
subsidiaries, as well as the risk factors identified in Chorus'
most recent Management's Discussion & Analysis and Annual
Information Form and in Chorus' public disclosure record available
at www.sedar.com.
About airBaltic
airBaltic (Air Baltic Corporation AS) is one of the most
punctual airlines in the world connecting the Baltic region with over 65 destinations in
Europe, the Middle East, and the CIS. airBaltic is a joint
stock company that was established in 1995. Its primary shareholder
is the Latvian state, which holds 96.14% of the stock, while
Lars Thuesen holds 3.86% through his
fully-owned Aircraft Leasing 1 SIA. airBaltic operates 25 Airbus
A220-300 aircraft. airBaltic has received numerous international
awards for excellence and innovative services. In 2017, the airline
received the CAPA Regional Airline of the Year award, while in 2018
and 2019 airBaltic received the ATW Airline Industry Achievement
Award as the Market Leader of the Year. In addition, in 2019
airBaltic received Sector Leadership Award by Airline Business.
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.