Delivering regional aircraft to the world
NORTH BAY, ON, Sept. 27, 2018 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today that its subsidiary, Voyageur Aviation Corp., has expanded its product offerings with the acquisition of a Q400 aircraft for their Voyageur Avparts division. Disassembly is scheduled for early November and the inventory will be available to support Q400 operators worldwide.
"We are very pleased to acquire this Q400 aircraft, enabling us to expand the product line of our Voyageur Avparts division," said Scott Tapson, President of Voyageur Aviation Corp. "Just two years after it was established, Voyageur Avparts has experienced substantial growth and we look to further expand upon the products and services that we offer."
Voyageur Aviation has previously acquired Dash 8-100, Dash 8-300 and CRJ200 inventory to support regional operators, and now adds the Q400 aircraft to this product line.
"The ability to capitalize on the synergies between the Chorus group of companies and their respective areas of expertise sets us apart as an organization as we can provide a full range of regional aviation services," said Joe Randell, President, Chorus Aviation Inc.
Established in 2016, Voyageur Avparts specializes in a wide range of regional aircraft supply chain services. Voyageur Avparts serves airlines, maintenance organizations, leasing companies, and other aviation-related companies in the provisioning of aircraft parts, inventory management, inventory consignment services, component repair and overhaul, and aircraft disassembly management.
About Voyageur Aviation Corp.
Voyageur Aviation Corp. is a wholly-owned subsidiary of Chorus Aviation Inc. (TSX: CHR), a company whose vision is to deliver regional aviation to the world.
Voyageur Aviation Corp. is the parent company of Voyageur Airways Limited, Voyageur Aerotech Inc., and Voyageur Avparts Inc. Voyageur Aviation Corp. manages these entities under the same core principles of comprehensive safety management, quality assurance, and client-dedicated solutions.
Voyageur Airways Limited: Established in 1968, Voyageur Airways is a Canadian Air Operator specializing in ad-hoc or contract-based aircraft charter services and aircraft leasing. Voyageur Airways' operations are worldwide, often in remote and challenging environments.
Voyageur Aerotech Inc.: Voyageur Aerotech Inc. is a Canadian Approved Maintenance Organization (AMO). Voyageur Aerotech provides a multitude of aircraft maintenance, manufacturing and engineering related services.
Voyageur Avparts Inc.: Voyageur Avparts Inc. is a Canadian company providing a multitude of regional aircraft supply chain services.
About Chorus
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010. Chorus' vision is to deliver regional aviation to the world. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009, and established Chorus Aviation Capital to become a leading, global provider of regional aircraft leases and support services. Chorus also 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 Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. www.chorusaviation.ca
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 involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed in the forward-looking information. Results indicated in forward-looking information may also differ materially from actual results for a number of reasons, including those described in Chorus' Annual Information Form dated February 14, 2018 and Management's Discussion and Analysis of Results of Operations and Financial Condition dated February 14, 2018. Statements containing forward-looking information in this news release are made as of the date of this news release and Chorus does not undertake any obligation to publicly update such statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.