A global provider of integrated regional
HALIFAX, NS, Aug. 23, 2021 /CNW/ - Chorus Aviation Inc.
('Chorus') (TSX: CHR) announced today that Chorus Aviation Capital
('CAC') has executed agreements to lease six ATR 72-600 aircraft to
Emerald Airlines of Dublin,
Ireland. CAC expects to deliver the first of these aircraft
in August 2021, with the remaining
units following in the next twelve months.
"We extend a warm welcome to Emerald Airlines as a new customer
to Chorus Aviation Capital. The Emerald management team has a
wealth of experience in regional aviation, and we look forward to
their success as the air service provider to Aer Lingus. We are honoured to be Emerald's
first choice as aircraft lessor," said Steven Ridolfi, President, CAC.
"We couldn't be happier with our partnership with Chorus
Aviation Capital and look forward to taking delivery of our first
six ATR72-600s.The ATR72 is an essential part of our strategy to
offer high frequency, convenient, and affordable air travel across
Ireland and the U.K.," said
Conor McCarthy, Founder and Chief
Executive of Emerald Airlines. "ATRs have proven themselves in
tough environments, featuring unrivalled performance, leading edge
comfort and an unmatched reliability. These are the right aircraft
for our passengers and our airline and will be a great asset to our
"This transaction once again validates our belief in the
resilience of the regional aviation sector," commented Joe Randell, President and Chief Executive
Officer, Chorus. "With this transaction, we have successfully
remarketed 11 of the 13 aircraft repossessed by CAC since the onset
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 other 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 Emerald Airlines
Based out of Dublin, Emerald
Airlines is Ireland's newest
regional airline. Offering a range of solutions including
Franchise, ACMI and Private Charter flying, Emerald Airlines'
dedicated team of technical experts and industry specialists will
provide customers with the fleet solutions to meet specific
The management team is made up of highly experienced aviation
professionals with extensive worldwide aviation experience. The
team is fully committed to providing a high quality and customer
focused service that will add untold value to their client's
Guided by a set of core values, Emerald Airlines' mission is to
grow the business sustainability through innovation, expertise, and
a commitment to exceeding the expectations of their customers and
SOURCE Chorus Aviation Inc.