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Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced today that Chorus Aviation Capital (‘CAC’) has executed agreements to lease six ATR 72-600 aircraft to Emerald Airlines of Dublin, Ireland. CAC expects to deliver the first of these aircraft in August 2021, with the remaining units following in the next twelve months.
“We extend a warm welcome to Emerald Airlines as a new customer to Chorus Aviation Capital. The Emerald management team has a wealth of experience in regional aviation, and we look forward to their success as the air service provider to Aer Lingus. We are honoured to be Emerald’s first choice as aircraft lessor,” said Steven Ridolfi, President, CAC.
“We couldn’t be happier with our partnership with Chorus Aviation Capital and look forward to taking delivery of our first six ATR72-600s.The ATR72 is an essential part of our strategy to offer high frequency, convenient, and affordable air travel across Ireland and the U.K.,” said Conor McCarthy, Founder and Chief Executive of Emerald Airlines. “ATRs have proven themselves in tough environments, featuring unrivalled performance, leading edge comfort and an unmatched reliability. These are the right aircraft for our passengers and our airline and will be a great asset to our company.”
“This transaction once again validates our belief in the resilience of the regional aviation sector,” commented Joe Randell, President and Chief Executive Officer, Chorus. “With this transaction, we have successfully remarketed 11 of the 13 aircraft repossessed by CAC since the onset of COVID-19.”
This press release was prepared and distributed by Chorus
