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Tuesday, 26 April 2016

Aircraft Update for 26-Apr-2016



Chorus Aviation to acquire five Bombardier CRJ900 aircraft


HALIFAXApril 26, 2016 (Chorus Aviation Inc. ('Chorus') (TSX: CHR.B CHR.A) today announced that it has signed a firm purchase agreement to acquire five Bombardier CRJ900 regional jets, with firm purchase rights for five additional aircraft. As announced on September 28, 2015, the five firm aircraft will be operated under the Air Canada Express brand as per Jazz's Capacity Purchase Agreement ('CPA') with Air Canada.  Chorus has arranged financing in support of this acquisition to be drawn at the time of closing.

The new CRJ900 aircraft will be leased into the CPA operation under terms and economics similar to those of the Q400 aircraft currently leased to the CPA.

These five 76-seat CRJ900 regional jets will enter into service in early 2017. As part of its fleet standardization plan, Jazz will reconfigure its existing 16 75-seat CRJ705 aircraft to 76-seats, thereby converting the CRJ705s to CRJ900 regional jets as agreed to with Air Canada. The aircraft will be configured in two classes of service with 12 seats in business class and 64 seats in economy class, including 20 preferred economy seats. Both cabins will feature seatback in-flight entertainment systems and Gogo wireless internet access.

"The ongoing modernization of the Jazz fleet is strengthening our ever-improving cost competitiveness in the North American market," said Joseph Randell, President and Chief Executive Officer, Chorus. "The addition of these new CRJ900s reduces unit costs and complements our fleet of Canadian-built Bombardier turboprops and regional jets. The advanced technology, fuel efficiency and passenger comfort of this aircraft offer a reliable and cost-effective regional jet solution for our growing fleet."


Trident Jet Orders Four More Bombardier CRJ900 Aircraft Increasing Firm Orders to 12



Bombardier Commercial Aircraft today disclosed that Trident Jet (Jersey) Limited, a sister company of Falko Regional Aircraft Limited, is the previously unidentified customer that signed the firm purchase agreement for eight CRJ900 aircraft and six options announced in October 2015. The aircraft are assigned to and operated by CityJet on a wet lease basis – which means it provides aircraft and crews -- on behalf of SAS (Scandinavian Airlines).  Additionally, Bombardier announced today that Trident Jet (Jersey) Limited has exercised four of its options also to be operated by CityJet. 
Based on the list price of the CRJ900 aircraft, the value of the exercised options for four CRJ900 aircraft is approximately $183.9 million US.


During a special event held at Bombardier’s Mirabel, Québec facility, Bombardier and CityJet celebrated the delivery of the first five of eight CRJ900 aircraft ordered in October 2015. Included amongst the deliveries, was Bombardier’s milestone 400th CRJ900 aircraft bearing serial number 15400.

“As the newest CRJ900 aircraft operator, CityJet is delighted that the keystone 400th CRJ900 aircraft is amongst our fleet that is already delivering high utilization and high reliability,” said Pat Byrne, Executive Chairman, CityJet. “These deliveries are a major milestone for us, being the first brand new aircraft to be delivered to CityJet in its 23-year history. We are equally proud to be operating the eight CRJ900 aircraft on behalf of SAS and look forward to many years of excellent service from the aircraft and a growing collaboration between CityJet and Bombardier.”  

“Celebrating new customers is always a pleasure and today, we also congratulate Trident Jet (Jersey) Limited on its additional CRJ900 aircraft acquisition as well as operator CityJet on the welcome addition to its growing CRJ fleet; this signals the airline’s confidence that the CRJ900 aircraft will deliver the outstanding performance for which it is well known,” said Colin Bole, Senior Vice President, Commercial, Bombardier Commercial Aircraft. “CityJet has serviced some of Europe’s best airlines over the years and we are confident that the airline’s CRJ900 aircraft will complement this operation.”






15403 - CRJ-900 C-GZVR  Bombardier Inc., Montréal, QC

Officially exported from Canada 25-Apr-2016 to Ireland, for Cityjet/Scandinavian as EI-FPF.


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