Chorus Aviation Announces Agreements To Acquire Six ATR 72-600 Aircraft | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.21.25

Airborne-Unlimited-07.22.25

AirborneUnlimited-07.23.25

Airborne-Unlimited-07.24.25

AirborneUnlimited-07.25.25

Thu, May 04, 2017

Chorus Aviation Announces Agreements To Acquire Six ATR 72-600 Aircraft

Aircraft Currently On Lease To Flybe And Virgin Australia

Chorus Aviation Inc. has secured agreements by Chorus Aviation Capital's subsidiaries to acquire six ATR 72-600 aircraft with attached leases from Avation PLC. Three of these aircraft are currently on lease to U.K. carrier, Flybe, and three to Virgin Australia Airlines. The aircraft are between one and four years old and are the first ATRs added to Chorus Aviation Capital's growing regional aircraft fleet.

Commenting on the planned purchase, Chorus Aviation Capital's President, Steven Ridolfi, said, "We are delighted to announce this portfolio acquisition, adding two outstanding customers to our growing pool of airline lessees, and welcoming the addition of the first ATRs to our diversifying fleet."

Joe Randell, President and Chief Executive Officer, Chorus, said, "This investment further demonstrates the targeted expansion and growth strategy for Chorus into regional aircraft leasing. We are building a leading global regional aircraft lessor and look forward to announcing additional opportunities in the months ahead."

The aggregate purchase price for the aircraft is consistent with current market values for similar aircraft, and Chorus Aviation Capital intends to finance the purchase utilizing a combination of debt financing and cash with a leverage ratio of between three and four to one. The transactions are expected to close by the end of June 2017 and are subject to customary conditions precedent to closing, including novation of the existing leases and receipt of debt financing.

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

FMI: www.chorusaviation.ca

Advertisement

More News

Airborne 07.18.25: Will MOSAIC Be Announced Tuesday???, 12 Hot News Items

Also: DeltaHawk, Piper, Hartzell, High Flying Models & Bob Hoover Legacy, SUN n FUN26 and Affordable Flying Expo 2025 -- and MUCH More. In an exclusive interview earlier this m>[...]

Airborne-Flight Training 07.10.25: ATC School, Air Race Classic, Samson School

Also: Sully v Bedford, Embraer Scholarships, NORAD Intercepts 11, GAMA Thankful Middle Georgia State University will be joining the Federal Aviation Administration’s fight ag>[...]

Airborne 07.18.25: Will MOSAIC Be Announced Tuesday???, 12 Hot News Items

Also: DeltaHawk, Piper, Hartzell, High Flying Models & Bob Hoover Legacy, SUN n FUN26 and Affordable Flying Expo 2025 -- and MUCH More. In an exclusive interview earlier this m>[...]

ANN's Daily Aero-Linx (07.16.25)

Aero Linx: Minnesota Seaplane Pilots Association (MSPA) We are the Minnesota Seaplane Pilots Association (MSPA), a nonprofit organization dedicated to supporting and empowering sea>[...]

ANN's Daily Aero-Term (07.16.25): Preferred IFR Routes

Preferred IFR Routes Routes established between busier airports to increase system efficiency and capacity. They normally extend through one or more ARTCC areas and are designed to>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC