In living up to its moniker to deliver regional aviation to the world, Chorus Aviation Inc. today completed its previously announced portfolio transaction for six regional aircraft.
The transaction, which officially took place between Chorus Aviation Capital and Elix Aviation Capital, consists of two ATR72-600 aircraft on lease to Azul Airlines of Brazil, two Q400 aircraft on lease to Ethiopian Airlines, and two Q400 aircraft on lease to Jambojet of Kenya.
With these acquisitions, Chorus Aviation Capital’s portfolio of leased regional aircraft (inclusive of five transactions pending completion) has reached 40 aircraft, comprising 28 turboprops and 12 regional jets valued at approximately $1.1 billion.
Established in 2017, Chorus Aviation Capital currently has relationships with 12 regional airlines based in 12 countries. The company explains it is focused on building a portfolio of new and mid-life regional aircraft, in addition to a range of regional aviation services.
Headquartered in Halifax, Nova Scotia, the parent company Chorus was incorporated on September 27, 2010. Chorus has been leasing its owned regional aircraft into Jazz’s Air Canada Express operation since 2011, and established Chorus Aviation Capital to become a leading, global provider of regional aircraft leases. Chorus also owns Jazz Aviation LP and Voyageur Aviation Corp.