HALIFAX, April 28, 2020 – Chorus Aviation Inc. (“Chorus”) announced today that it has executed the US$100 million unsecured revolving credit facility first announced on April 6, 2020.

“In today's challenging and uncertain environment, bolstering our liquidity is of utmost importance to position Chorus as a strong organization that is ready to resume normal operations when this pandemic abates,” said Joe Randell, President and Chief Executive Officer, Chorus.

The facility is for general corporate purposes and repayable in two years. It contains customary covenants and events of default, including restrictions on share repurchases and the payment of dividends consistent with Chorus’ operating facility, a mandatory prepayment upon the occurrence of a change of control of Chorus, and event of defaults that would be triggered upon the acceleration of Chorus indebtedness in excess of US $10.0 million or any event of default under any other indebtedness owed by Chorus to the lender.