Category Archives: Chorus Aviation
Chorus Aviation announces acquisition of three Bombardier Q400 aircraft on lease to Falcon Aviation Services of Abu Dhabi
HALIFAX, July 19, 2017 /CNW/ – Chorus Aviation Inc. (“Chorus”) (TSX: CHR) announced today the acquisition of three Bombardier Q400 aircraft (the “Aircraft”) currently on long-term operating leases to Falcon Aviation Services of Abu Dhabi, United Arab Emirates.1 The Aircraft are two years old and are incremental additions to Chorus Aviation Capital’s growing regional lease fleet.
Commenting on the acquisition, Chorus Aviation Capital’s President, Steven Ridolfi, said, “We are delighted to welcome Falcon Aviation Services to our growing portfolio of high-caliber lessees. We are building a leading regional aircraft leasing company with a truly global customer base.”
Joe Randell, President and Chief Executive Officer, Chorus, said, “We are continuing to execute on our diversification and growth strategy, significantly broadening our customer base while remaining focused on the regional aviation sector.”
Chorus Aviation announces agreements to acquire two Embraer 190 aircraft on lease to KLM Cityhopper and Aeromexico Connect
HALIFAX, July 17, 2017 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced today agreements by Chorus Aviation Capital’s subsidiaries to acquire two Embraer 190 aircraft. One of these aircraft is currently on lease to Dutch carrier KLM Cityhopper, a subsidiary of KLM Royal Dutch Airlines. The other aircraft is currently on lease with Aerolitoral, S.A. de C.V. (d.b.a. Aeromexico Connect), a subsidiary of Aerovías de México, S.A. de C.V. (d.b.a. ‘Aeromexico’).
The aircraft are three years old and the first Embraer 190s to be added to Chorus Aviation Capital’s regional aircraft fleet.
Reflecting on the acquisition, Chorus Aviation Capital’s President, Steven Ridolfi, said, “We are delighted to add these two outstanding, world-renowned customers to our growing pool of airline lessees, and look forward to adding the first two Embraer 190s to our fleet.”
“This transaction represents an exciting milestone for Chorus,” said Joe Randell, President and Chief Executive Officer, Chorus. “We are broadening our revenue base through the addition of high-quality lessees and extending our market reach through the addition of Embraer aircraft to our fleet. Importantly, we are growing by leveraging what we know best: regional aviation.”
The transactions are expected to close in the third quarter and are subject to customary conditions precedent to closing, including novation of the existing leases.