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Tuesday, 25 April 2017

Regional/Corporate/Utility Turboprop Update for 25-Apr-2017

Updated: 25-Apr-2017 @ 1055 1800

  • Added Air Inuit Q300 Video

With thanks to CYUL Plane Spotter a video of Air Inuit's DHC-8-300 Freighter conversion, which unlike their two existing DHC-8-300 freighters, features a full size aft cargo door retrofit. Once the aircraft is fully certified the current former LIAT colour scheme will make way for Air Inuit's.

4549 - DHC-8-402 C-GKWE
Westjet Encore
Toronto-Pearson, ON 23-Apr-2017
Kenneth I. Swartz/Aeromedia Communications Photo

4508 - DHC-8-402 C-GJZX
Jazz Aviation
Toronto-Pearson, ON 23-Apr-2017
Kenneth I. Swartz/Aeromedia Communications Photo

515 - DHC-8-202 N360PH Commutair Inc., Cleveland, OH (WFBNW)

Flew Albany, NY - Halifax, NS 05-Apr-2017 for maintenance with Jazz Aviation; test flown 24-Apr-2017 and flew Halifax, NS - Albany, NY 25-Apr-2017.

537 - DHC-8-103 C-FUCL Avmax Aircraft Leasing Inc., Calgary, AB

Flight planned for Calgary-Int'l, AB - Great Falls, MT 25-Apr-2017, presumably for painting.

4555 - DHC-8-402 C-FTXE Bombardier Inc., Montréal, QC

Test flown from Toronto-Downsview, ON 24-Apr-2017 as BBA20.

208B-5353 - Cessna 208B (GC/EX) N535JS Textron Aviation Inc., Wichita, KS

Registered to Wells Fargo Bank NW Trustee, Salt Lake City, UT 24-Apr-2017.

1703 - Pilatus PC-12/47E HB-FRS(17) Pilatus Flugzeugwerke AG, Stans

Flew Buochs - Prestwick - Reykjavík 25-Apr-2017 on delivery as PCH03F.


1277 - ATR-72-212A (600) G-FBXB
Stockholm-Arlanda 11-Nov-2015
Anders Nilsson Photo

Chorus Aviation announces agreements to acquire six ATR 72-600 aircraft on lease to Flybe and Virgin Australia

HALIFAXApril 24, 2017 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today agreements by Chorus Aviation Capital's subsidiaries to acquire six ATR 72-600 aircraft with attached leases from Avation PLC. Three of these aircraft are currently on lease to U.K. carrier, Flybe, and three to Virgin Australia Airlines. The aircraft are between one and four years old and are the first ATRs added to Chorus Aviation Capital's growing regional aircraft fleet.

Commenting on the planned purchase, Chorus Aviation Capital's President, Steven Ridolfi, said, "We are delighted to announce this portfolio acquisition, adding two outstanding customers to our growing pool of airline lessees, and welcoming the addition of the first ATRs to our diversifying fleet."

Joe Randell, President and Chief Executive Officer, Chorus, said, "This investment further demonstrates the targeted expansion and growth strategy for Chorus into regional aircraft leasing. We are building a leading global regional aircraft lessor and look forward to announcing additional opportunities in the months ahead."

The aggregate purchase price for the aircraft is consistent with current market values for similar aircraft, and Chorus Aviation Capital intends to finance the purchase utilizing a combination of debt financing and cash with a leverage ratio of between three and four to one. The transactions are expected to close by the end of June 2017 and are subject to customary conditions precedent to closing, including novation of the existing leases and receipt of debt financing.