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Chorus Aviation Inc.

02/09/2018 | Press release | Distributed by Public on 02/09/2018 10:50

Voyageur Aviation announces new production and infrastructure project

NORTH BAY, ON, Feb. 9, 2018/CNW/ - Chorus Aviation Inc. ('Chorus') announced today that its subsidiary, Voyageur Aviation, is undertaking an extensive redevelopment of its specialized maintenance, repair and overhaul (MRO) facilities in North Baywith the support of the Northern Ontario Heritage Fund Corporation (NOHFC). The redevelopment is expected to create 40 new jobs at Voyageur's facility in North Bay.

At an event held this morning at Voyageur's hangar facility in North Bay, The Honourable Michael Gravelle, Minister of Northern Development and Mines, announced an investment in production and infrastructure that will enable renovation and upgrades to Voyageur's existing facility.

'With the support of the Northern Ontario Heritage Fund Corporation, we are investing in personnel and infrastructure at our facility in North Bayto grow Voyageur's specialized regional aircraft maintenance, repair and overhaul (MRO) services, as well as our part sales business. As a North Bay-based company with a global client base, this investment is key to Voyageur's continued success,' said Scott Tapson, President, Voyageur Aviation Corp.

The grant enables Voyageur to redevelop and upgrade their facility in North Bayand to invest in equipment, tooling and related technology as well as training for personnel. Additional employees will be hired to support this expanded operation.

'Investing in businesses like Voyageur Aviation and their new production and infrastructure project is critical to supporting opportunity and job creation in Northern Ontario. Through the NOHFC, our government is fostering increased opportunity and fairness for residents and business across Northern Ontario,' said Michael Gravelle, Minister of Northern Development and Mines and Chair of the NOHFC.

'This investment enables Voyageur to offer services to an extended client base as we meet the rising demands of our specialized regional aviation services. The growth of our operation, together with job creation will also benefit a variety of businesses in North Bayand make a positive economic impact on the community,' added Scott Tapson.

About Chorus
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010. Chorus' vision is to deliver regional aviation to the world. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009, and has established Chorus Aviation Capital Corp. to become a leading, global provider of regional aircraft leases and support services. Chorus also owns Jazz Aviation and Voyageur Aviation - companies that have long histories of safe and solid operations that deliver excellent customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and overhaul. Chorus Class A Variable Voting and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. www.chorusaviation.ca

About Voyageur Aviation Corp.
Voyageur Aviation Corp. is a wholly-owned subsidiary of Chorus Aviation Inc. (TSX: CHR), a company whose vision is to deliver regional aviation to the world.

Voyageur Aviation Corp. is the parent company of Voyageur Airways Limited, Voyageur Aerotech Inc., and Voyageur Avparts Inc. Voyageur Aviation Corp. manages these entities under the same core principles of comprehensive safety management, quality assurance, and client-dedicated solutions.

Voyageur Airways Limited: Established in 1968, Voyageur Airways is a Canadian Air Operator specializing in ad-hoc or contract-based aircraft charter services and aircraft leasing. Voyageur Airways' operations are worldwide, often in remote and challenging environments.

Voyageur Aerotech Inc.: Voyageur Aerotech Inc. is a Canadian Approved Maintenance Organization (AMO). Voyageur Aerotech provides a multitude of aircraft maintenance, manufacturing and engineering related services.

Voyageur Avparts Inc.: Voyageur Avparts Inc. is a Canadian company providing a multitude of regional aircraft supply chain services.

Forward-Looking Information
This news release contains 'forward-looking information' as defined under applicable Canadian securities legislation. Forward-looking information is identified by the use of terms and phrases such as 'anticipate', 'believe', 'could', 'estimate', 'expect', 'intend', 'may', 'plan', 'predict', 'project', 'will', 'would', and similar terms and phrases, including references to assumptions. Such information may involve but is not limited to comments with respect to strategies, expectations, planned operations or future actions.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed in the forward-looking information. For a discussion of risks that could cause actual results to differ from those expressed in forward-looking information, please see Chorus' Annual Information Form dated February 15, 2017and Management's Discussion and Analysis of Results of Operations and Financial Condition dated November 7, 2017. Any statements containing forward-looking information in this news release represent Chorus' expectations as of February 9, 2018and are subject to change after such date. However, Chorus disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

SOURCE Chorus Aviation Inc.

For further information: Chorus Media Contacts: Debra Williams, Toronto, Ontario, (905) 671-7769, [email protected]; Manon Stuart, Halifax, Nova Scotia, (902) 873-5054, [email protected]; Voyageur Media Contact: Cory Cousineau, North Bay, Ontario, (705) 476-1750 ex. 245, [email protected]