HALIFAX,
NS, Dec. 31, 2024 /CNW/ - Chorus Aviation Inc.
(TSX: CHR) ("Chorus") announced today that it has
repaid upon maturity all (C$86,250,000 aggregate principal amount) of its
outstanding 5.75% Senior Unsecured Debentures due December 31, 2024 (the "Series A
Debentures"), together with all accrued and unpaid interest
thereon, for cash. The Series A Debentures were delisted from the
Toronto Stock Exchange.
Chorus also redeemed today all of its outstanding Series 1
Preferred Shares. The Series 1 Preferred Shares were redeemed for
an aggregate redemption price of US$363,270,833, which was paid in cash. The
Series 1 Preferred Shares were not listed for trading.
About Chorus Aviation
Inc.
Chorus is a Canadian company focused on aviation services
businesses. Our operating subsidiaries are: 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 an
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 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.B', and 'CHR.DB.C', respectively. For further
information on Chorus, please visit www.chorusaviation.com.
SOURCE Chorus Aviation Inc.
