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Chorus Aviation Capital adds 34 aircraft on-lease in a record 2019
Chorus Aviation Capital adds 34 aircraft on-lease in a record 2019 Canada NewsWire...
About this update from Chorus Aviation Inc.
[{"type":"text","content":"\n\n\n\nChorus Aviation Capital adds 34 aircraft on-lease in a record 2019\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, Jan. 13, 2020\n\n\n\nConcludes year with additional leases to Croatia Airlines and IndiGo, and lease extensions to Aeromexico ConnectThird-party committed leased fleet has now reached 641 aircraft\n HALIFAX, Jan. 13, 2020 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today that Chorus Aviation Capital ('CAC') added a total of 34 aircraft on-lease in 2019. With this strong market performance, CAC's third-party lease portfolio has now reached 641 aircraft. \nYear-end, and previously unannounced transactions, include the acquisition of two mid-life Dash 8-400 aircraft (MSNs 4300 and 4301) on lease to Croatia Airlines, and an additional sale leaseback of two new ATR 72-600 aircraft (MSNs 1545 and 1552) with IndiGo. Additionally, CAC has extended its lease agreements with Aerolitoral, S.A. de C.V. (d.b.a. 'Aeromexico Connect'), a subsidiary of Aerovías de México, S.A. de C.V. (d.b.a. 'Aeromexico'), on three Embraer 190 aircraft previously acquired in 2017.\n\"We are delighted with the confidence that our customers have shown in us in 2019. Our strong focus on execution resulted in a significant expansion of our portfolio and the achievement of several significant milestones in the advancement of our leasing company,\" said Steve Ridolfi, President, Chorus Aviation Capital. \"In the three short years since the establishment of CAC, we have grown the third-party leasing portfolio to 641 aircraft valued at approximately US$1.3 billion with US$960 million in future contract lease revenue.\"\n\"The year 2019 was one of many firsts for CAC. We secured a US$30...