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Wed, Apr 03, 2019

Chorus Aviation Completes Acquisition Of Six Regional Aircraft

Delivering Regional Aviation To The World

Chorus Aviation has completed a portfolio transaction between Chorus Aviation Capital and Elix Aviation Capital for six regional aircraft. The transaction had previously been announced on February 21, 2019.

The portfolio of six aircraft consists of two ATR72-600 aircraft on lease to Azul Airlines of Brazil, two Q400 aircraft on lease to Ethiopian Airlines, and two Q400 aircraft on lease to Jambojet of Kenya.

With these acquisitions, Chorus Aviation Capital's portfolio of leased regional aircraft (inclusive of five transactions pending completion) has reached 40 aircraft, comprising 28 turboprops and 12 regional jets valued at approximately $860 million.

(Source: Chorus Aviation news release. Image from file)

FMI: www.chorusaviation.ca

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