Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today that Chorus Aviation Capital ('CAC') will lease an additional Bombardier Q400 aircraft to Ethiopian Airlines Group ('Ethiopian Airlines'). In December of 2017, CAC leased two new Q400 aircraft to Ethiopian Airlines. This additional lease agreement, as announced today, is for a third new Q400 aircraft which is scheduled to be delivered to Ethiopian Airlines this month.
"We are very pleased to build upon our relationship with Ethiopian Airlines as they grow their portfolio of leased aircraft with Chorus Aviation Capital," said, Steve Ridolfi, President of Chorus Aviation Capital. "Recently awarded Company of the Year by All African Business Leaders Award, Ethiopian Airlines is one of the fastest growing and storied airlines in Africa. We look forward to continuing to work with this award-winning airline and their impressive team."
Chorus Aviation Capital now includes 13 lessees in 13 countries, two of which are based in Africa. With this latest transaction completed, Chorus will have a total of 81 aircraft on lease throughout the world.