Sign Letter Of Intent For Joint Support Of Bombardier Airplanes

Chorus Aviation Inc. (Chorus) and GA Telesis, LLC (GA Telesis) have signed a Letter of Intent (LOI) to form a joint venture to provide supply chain solutions, including component and spare parts support, to Bombardier Q400, DHC Dash 8, and CRJ aircraft operators and maintenance, repair and overhaul (MRO) providers. The joint venture will leverage the considerable expertise of the two companies to form a world-class inventory support provider focused on regional aircraft operators. The business will initially focus on the Q400, and the parties expect to expand the joint venture's services and offerings to include other regional aircraft types.

"Our roots in aviation date back to the 1930s and today we are the world's largest Dash 8 operator," said Joseph Randell, President and Chief Executive Officer, Chorus. "This collaboration leverages our unmatched experience in regional services and GA Telesis's leadership in inventory asset management to form a world-class service provider. As we continue to evolve with the industry, we believe this venture will provide Chorus a solid platform for future expansion and diversification."

"The addition of a dedicated regional aircraft support company will further enhance our world-class portfolio of service offerings to the aviation industry," said Abdol Moabery, President and Chief Executive Officer, GA Telesis. "Our decision to align ourselves with Chorus was clear given their extensive experience operating Dash 8 and Q400 aircraft," he added. Mr. Moabery concluded that "this transaction further demonstrates GA Telesis's commitment to Intelligently Defining Aviation."

The LOI is subject to a number of conditions, including entering into a definitive agreement which is targeted to occur in the first quarter of 2014.

(Image from file)

FMI: www.chorusaviation.ca, www.gatelesis.com