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Bombardier Sells Nine CRJ900 Aircraft to Chorus Aviation

Jazz Aviation LP to be the first Canadian Operator of the ATMOSPHÈRE Cabin under the Air Canada Express banner

MONTRÉAL,
Feb. 06, 2019 (GLOBE NEWSWIRE) — Bombardier Commercial Aircraft
announced today that a subsidiary of Chorus Aviation Inc. (“Chorus
Aviation”) has finalized a firm purchase agreement for nine CRJ900
aircraft. These aircraft will be operated by Jazz Aviation LP, a
subsidiary of Chorus Aviation, under the Air Canada Express banner,
making them the first Canadian operator of the new ATMOSPHÈRE cabin for
CRJ Series regional jets.

CRJ900 AIR CANADA EXPRESS

Based on the list price of the CRJ900 aircraft, the order is valued at approximately $437 million U.S.

“We
are delighted that Chorus and Jazz have chosen Bombardier products for
the growth and renewal of their fleet. It reaffirms their confidence in
the value that the CRJ Series provides to airlines,” said Fred Cromer,
President, Bombardier Commercial Aircraft. “The CRJ900 aircraft is
ideally suited to growing markets and is recognized for its superior
performance, economics and passenger comfort.”

“The addition of
these new CRJ900 aircraft is part of the ongoing modernization of our
Jazz fleet,” said Joseph Randell, President and Chief Executive Officer,
Chorus. “These aircraft provide unit operating costs that are amongst
the lowest of any regional aircraft, allowing us to more effectively
compete while addressing changing market demand.”

Jazz, under the
Air Canada Express brand, will operate the CRJ900 in a dual-class cabin
configuration with 76 seats. The airline intends to take delivery of
their first aircraft with the latest enhancement to the CRJ Series
regional jets – the ATMOSPHÈRE cabin in the first half of 2020.

About the ATMOSPHÈRE Cabin
The
new ATMOSPHÈRE cabin sets new standards of passenger experience in the
regional jet market segment. Key features of the new interior are
comprised of larger passenger living space, wheel-first roller bag
capability, more spacious lavatory, increased cabin connectivity
options, all integrated in a contemporary design and material choices.
In fact, the ATMOSPHÈRE cabin design allows passengers to carry and
store an “oversized” roller bag within the aircraft cabin bins which
minimizes the need to check bags at the counter or the gate. To learn
more: DiscoverAtmosphere.com

About CRJ Series Aircraft
Every
5 seconds, a CRJ Series regional jet takes off or lands somewhere in
the world. The CRJ Series family of aircraft has trans­ported more than 2
billion passengers to become the world’s most successful regional jet
program – linking people and communities like no other. The CRJ Series
regional jets have revolutionized aviation with their proven efficiency,
reliability and profitability.

The CRJ Series regional jets share
commonality benefits that provide flexibility to operators and allow
them to optimize their fleets to meet specific market demands. No other
regional aircraft deliver this capability. Optimized for medium-haul
regional routes, these aircraft can provide up to 10 per cent cash
operating cost advantage over competing jets.

Since its launch,
the CRJ Series family of regional jets has stimulated the regional jet
market. In North America alone, it accounts for over 18 per cent of all
jet departures. Globally, the family operates 194,800 flights per month.

About Chorus
Headquartered
in Halifax, Nova Scotia, Chorus Aviation Inc. (‘Chorus’) was
incorporated on September 27, 2010. Chorus’ vision is to deliver
regional aviation to the world. Chorus has been leasing its owned
regional aircraft into Jazz’s Air Canada Express operation since 2011
and has established Chorus Aviation Capital Corp. to become a leading,
global provider of regional aircraft leases. Chorus also owns Jazz
Aviation LP and Voyageur Aviation Corp. – companies that have long
histories of safe and solid operations that deliver excellent customer
service in the areas of contract flying operations, engineering, fleet
management, and maintenance, repair and overhaul. Together, the Chorus
group of companies can provide a full suite of regional aviation support
services. Chorus Class A Variable Voting Shares and Class B Voting
Shares trade on the TSX under the trading symbol ‘CHR’.

For more information, visit www.chorusaviation.ca

About Jazz
Jazz
Aviation LP (‘Jazz’) has a strong history in Canadian aviation with its
roots going back to the 1930s. As the largest regional carrier in
Canada, Jazz has a proven track record of industry leadership and
exceptional customer service and has leveraged that strength to deliver
value to all its stakeholders. Jazz operates more flights and flies to
more Canadian destinations than any other airline, and has a workforce
of approximately 4,600 professionals, highly experienced in the
challenging and complex nature of regional operations.

Under a
capacity purchase agreement with Air Canada, using the Air Canada
Express brand, Jazz provides service to a variety of markets throughout
North America.

For more information, visit www.flyjazz.ca

About Bombardier
With
over 69,500 employees across four business segments, Bombardier is a
global leader in the transportation industry, creating innovative and
game-changing planes and trains. Our products and services provide
world-class transportation experiences that set new standards in
passenger comfort, energy efficiency, reliability and safety.

Headquartered
in Montreal, Canada, Bombardier has production and engineering sites in
28 countries across the segments of Transportation, Business Aircraft,
Commercial Aircraft, and Aerostructures and Engineering Services.
Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the
fiscal year ended December 31, 2017, Bombardier posted revenues of
$16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors
An image of the CRJ900 aircraft in the Air Canada Express livery is posted with this press release at www.bombardier.com.

For more information on the CRJ Series aircraft, visit http://news.commercialaircraft.bombardier.com/

Follow @BBD_Aircraft on Twitter to receive the latest news and updates from Bombardier Commercial Aircraft.

To receive our press releases, please visit the RSS Feed section of Bombardier’s website.

Bombardier, CRJ Series, CRJ900 are trademarks of Bombardier Inc. or its subsidiaries.
For Information

Nathalie Scott
Bombardier Commercial Aircraft
+1-416-375-3030
nathalie.scott@aero.bombardier.com
www.bombardier.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1d69646d-5562-4b9a-94ff-e08714483791

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