Chorus Aviation Inc. ('Chorus') (TSX: CHR) today announced that its wholly owned subsidiary, Falko Regional Aircraft Limited ("Falko"), has expanded its portfolio of assets under management.

Falko has added a total of 35 turboprop aircraft to its portfolio in a servicing capacity on behalf of a syndicate of banks.

Joe Randell, President and Chief Executive Officer, Chorus stated "I'm pleased to see the continued expansion of our asset management business and to demonstrate the ability of Falko to continue to diversify its customer base."

"This transaction further validates our belief in the attractiveness of the regional aircraft market and in Falko, as a market-leading aircraft asset management company," Mr. Randell concluded.

This transaction is not expected to impact the financial forecast set out in Chorus' news release dated May 5, 2022.