Business
Chorus Aviation Announces Agreement to Sell Three Dash 8-400 Aircraft and Closing of Elisen Acquisition
Chorus Aviation Inc. ("Chorus") (TSX: CHR) today announced it has entered into an agreement to sell three Dash 8-400 aircraft and has closed the previously-announced acquisition of Elisen & Associates Inc.
About this update from Air Canada
[{"type":"text","content":"HALIFAX, NS, Sept. 4, 2025 /CNW/ - Chorus Aviation Inc. ("Chorus") (TSX: CHR) today announced it has entered into an agreement to sell three Dash 8-400 aircraft and has closed the previously-announced acquisition of Elisen & Associates Inc.","length":264,"tagName":"p"},{"type":"text","content":"Chorus expects to realize net proceeds of approximately US $20 million from the sale of the three Dash 8-400 aircraft. Subject to customary conditions to closing, the sales are expected to close by the end of this year as each of the aircraft exits the fleet in accordance with the Capacity Purchase Agreement between Jazz Aviation LP and Air Canada.","length":350,"tagName":"p"},{"type":"text","content":"Forward-Looking Information","length":27,"tagName":"p"},{"type":"text","content":"This news release contains forward-looking information and statements within the meaning of applicable securities laws (collectively, "forward-looking information"). Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "will", "would", and similar terms and phrases, including negative versions thereof. All information and statements other than statements of historical fact are forward-looking and by their nature, are based on various underlying assumptions and expectations that are subject to known and unknown risks, uncertainties and other factors that may cause actual future results, performance or achievements to differ materially from those indicated in the forward-looking information. As a result, there can be no assurance that the forward-looking information included in this news release will prove to be accurate or correct.","length":1127,"tagName":"p"},{"type":"text","content":"Examples of forward-looking information in this news release include statements and expectations regarding the expected closing of the Dash 8-400 sales and the anticipated net proceeds thereof to Chorus. Actual results may differ materially from those anticipated in forward-looking information for a number of reasons including: the failure to satisfy any of the conditions pre...