Chorus Aviation Capital (CAC) has entered into a sale-and-leaseback agreement with airBaltic of Latvia to acquire five new Airbus A220-300 aircraft marking the addition of this new aircraft type to the CAC product offering. This transaction brings its customer base to 15 airlines on six continents.
Two deliveries are anticipated in the fourth-quarter of 2019 with the balance to be completed by the end of the third-quarter in 2020.
Upon the completion of this transaction and one other aircraft pending delivery to other customers, CAC’s portfolio will include 43 turboprops and 17 regional jets. When combined with the planned aircraft leased under the Capacity Purchase Agreement with Air Canada, Chorus’ fleet of leased aircraft will reach 131 aircraft valued at approximately US$2.2 billion.
