Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today that, in connection with its previously completed bought deal public offering of 11,628,000 common shares of Chorus ('Shares') at $8.60 per Share for gross proceeds of $100,000,800, the underwriters have purchased 1,400,000 Shares under the one-time over-allotment option, representing incremental aggregate gross proceeds of $12,040,000. For greater certainty, 'Shares' means for Canadian investors, Class B Voting Shares of Chorus, and for non-Canadian investors, Class A Variable Voting Shares of Chorus.

RBC Capital Markets and CIBC Capital Markets acted as joint bookrunners for the offering with a syndicate that included Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., Cormark Securities Inc., Canaccord Genuity Corp. and Paradigm Capital Inc.

The net proceeds of the offering will be used to fund the growth of Chorus Aviation Capital, Chorus' aircraft leasing business, including the acquisition of aircraft intended for or currently on lease to third parties, as well as for working capital requirements and other general corporate purposes.