Chorus Aviation Delivers First Bombardier CRJ1000 Regional Jet to Air Nostrum
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HALIFAX, Nov. 17, 2016 - Today, Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced the delivery of the first of four Bombardier CRJ1000 regional jets to Air Nostrum, Lineas Aereas Del Mediterraneo, S.A. ('Air Nostrum'), officially launching its regional aircraft leasing transaction with the European carrier.
"Our revenue diversification strategy is taking another meaningful step forward today," said Joe Randell, President and Chief Executive Officer, Chorus. "This initial transaction lays the foundation for a strong source of incremental aircraft leasing revenue over and above our CPA with Air Canada."
On November 9, 2016, Chorus announced a plan to purchase and lease four new CRJ1000 regional jets to Air Nostrum. The remaining three aircraft are scheduled to be delivered in December 2016, and in July and October 2017, respectively.
Founded in 1994, and headquartered in Valencia, Spain, Air Nostrum is a leading European regional airline carrying over 4 million passengers annually. With a fleet of 42 modern CRJ and ATR aircraft, Air Nostrum operates over 75,000 flights annually to 54 domestic and international destinations. Since 1997, Air Nostrum has been a franchise partner of Iberia®, Spain's leading national and international carrier, and is an affiliate of the oneworld® airline alliance.
About Chorus
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010. Chorus is a holding company that owns Jazz Aviation and Voyageur Aviation – companies that have long histories of safe and solid operations that deliver excellent customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and overhaul. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009. Chorus' Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. www.chorusaviation.ca
SOURCE Chorus Aviation Inc.
CONTACT:
Chorus Media Contacts:
Manon Stuart,
Halifax, Nova Scotia,
(902) 873-5054,
Debra Williams,
Toronto, Ontario,
(905) 671-7769,
Web Site: www.chorusaviation.ca
