Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today an agreement by a Chorus Aviation Capital subsidiary to acquire two additional Embraer 190 aircraft currently on lease to Aerolitoral, S.A. de C.V. (d.b.a. 'Aeromexico Connect'), a subsidiary of Aerovías de México, S.A. de C.V. (d.b.a. 'Aeromexico').
Commenting on the purchase, Chorus Aviation Capital's President, Steven Ridolfi, said, "These two Embraer 190s will constitute our second and third aircraft on lease to Aeromexico Connect. We look forward to building a strong relationship with this very important customer."
"Upon completing this transaction and the one announced on July 17, we will have four Embraers in our leased fleet," said Joe Randell, President and Chief Executive Officer, Chorus. "Together with our sizeable fleet of Bombardier turboprop and jet aircraft, we are doing exactly what we set out to do with our leasing business: build a diversified, high-quality fleet of regional aircraft for lease to the most reputable regional airlines around the globe."
These acquisitions are expected to close in the third quarter and are subject to customary conditions precedent to closing, including novation of the existing leases.