Le Lézard
Classified in: Tourism and vacations, Transportation, Business
Subject: TNM

Chorus Aviation issues statement in response to recent share price appreciation


HALIFAX, Oct. 23, 2020 /CNW/ - In response to a request from IIROC, Chorus Aviation Inc. ("Chorus" or the "Company") (TSX: CHR) confirmed today that it has received a preliminary, non-binding acquisition proposal from a third party that is subject to a number of significant conditions. There can be no assurance that any transaction will occur, or as to the timing, structure or terms of any transaction. Chorus does not intend to make further comment unless or until there is a transaction to announce.

Forward-Looking Information
This news release contains '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", "predict", "potential", "project", "will", "would", and similar terms and phrases, including references to assumptions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those indicated in the forward-looking information. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the failure to conclude the transaction referenced in this news release, the factors identified in Chorus' public disclosure record available at www.sedar.com and the risk factors identified in Chorus' Annual Information Form dated February 12, 2020. Statements containing forward-looking information in this news release represent Chorus' expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and are subject to change after such date. Chorus disclaims any intention or obligation to update or revise such statements to reflect new information, subsequent events or otherwise, unless required by applicable securities laws.

About Chorus Aviation Inc.
Chorus is a global provider of integrated regional aviation solutions.  Chorus' vision is to deliver regional aviation to the world. Headquartered in Halifax, Nova Scotia, Chorus is comprised of Chorus Aviation Capital a leading, global lessor of regional aircraft, and Jazz Aviation and Voyageur Aviation  - companies that have long histories of safe operations with excellent customer service. Chorus provides a full suite of regional aviation support services that encompasses every stage of an aircraft's lifecycle, including: aircraft acquisitions and leasing; aircraft refurbishment, engineering, modification, repurposing and preparation; contract flying; aircraft and component maintenance, disassembly, and parts provisioning.

Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. www.chorusaviation.com

SOURCE Chorus Aviation Inc.


These press releases may also interest you

at 09:48
Roborock, a global leader in ultra-intelligent home robotics engineered to simplify daily life, today announced its financial results for the full year ending December 31, 2023....

at 09:44
Following the success of its record-breaking 2023 event, HK Web3 Festival is returning for its second edition from 6 to 9, April at Hall3FG, Hong Kong Convention and Exhibition Centre. Hosted by Wanxiang Blockchain Labs and HashKey Group, the...

at 09:42
Vizsla Silver Corp. ("Vizsla Silver" or the "Company") is pleased to announce that it has entered into an agreement to acquire the past-producing La Garra-Metates district (the "La Garra-Metates District" or "La Garra") situated in the heart of...

at 09:39
Newmark Group, Inc. ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces industry veteran Conor Lalor has joined the firm as...

at 09:31
InvestorsObserver issues critical PriceWatch Alerts for OCGN, AKBA, MNMD, SOUN, and CGC. To see how InvestorsObserver's proprietary...

at 09:31
InvestorsObserver issues critical PriceWatch Alerts for BRZE, VLD, INCR, EQ, and BCAB. To see how InvestorsObserver's proprietary...



News published on and distributed by: