Chorus Aviation to acquire five Bombardier CRJ900 aircraft

Chorus Aviation has signed a firm purchase agreement to acquire five Bombardier CRJ900 regional jets, with firm purchase rights for five additional aircraft. As announced on September 28th, 2015, the five firm aircraft will be operated under the Air Canada Express brand as per Jazz’s Capacity Purchase Agreement (‘CPA’) with Air Canada. Chorus has arranged financing in support of this acquisition to be drawn at the time of closing. The new CRJ900 aircraft will be leased into the CPA operation under terms and economics similar to those of the Q400 aircraft currently leased to the CPA. These five 76-seat CRJ900 regional jets will enter into service in early 2017. As part of its fleet standardization plan, Jazz will reconfigure its existing 16 75-seat CRJ705 aircraft to 76-seats, thereby converting the CRJ705s to CRJ900 regional jets as agreed to with Air Canada. The aircraft will be configured in two classes of service with 12 seats in business class and 64 seats in economy class, including 20 preferred economy seats. Both cabins will feature seatback in-flight entertainment systems and Gogo wireless internet access.