Chorus Aviation publishes its 2021 sustainable development report

HALIFAX, N.S., May 24, 2022 /CNW/ – Chorus Aviation Inc. (“Chorus”) (TSX: CHR) today released its 2021 Sustainability Report, available online at www.chorusaviation.com/sustainability. The report highlights Chorus’ commitment to building a sustainable future and improving transparency and accountability on environmental, social and governance (“ESG”) issues.

“In 2021, we transformed our sustainability initiatives into an ESG strategy that aligns with our values ​​and the issues that matter most to our stakeholders,” said Joe Randell, President and CEO, Chorus. “The company’s sustainability report discusses our ESG performance in 2021 and articulates our ESG strategy with reference to measurable goals that will challenge us to make tangible improvements in the years to come.”

Chorus has established its ESG strategy by:

  • align with globally recognized frameworks such as the Global Reporting Index (GRI) and the United Nations Sustainable Development Goals (UN SDGs);
  • undertake a materiality assessment to identify key ESG issues that are material to its stakeholders and business;
  • develop a statement of intent that resonates with stakeholders in its ecosystem;
  • reconfiguring its sustainability governance structure to focus on initiatives, quantification and stakeholder engagement; and
  • challenge Chorus to continuously improve by setting ambitious long-term goals and targets.

Chorus’ ESG strategy includes a detailed implementation roadmap that will focus the organization on key initiatives to achieve its sustainability goals.

“We are proud of the progress we have made in our commitment to sustainability, and we look forward to implementing our ESG strategy,” concluded Mr. Randell.

About Chorus Aviation Inc.

Chorus’ vision is to bring regional aviation to the world. Based at Halifax, Nova Scotia, Chorus is an integrated provider of regional aviation solutions, including asset management services. Its principal subsidiaries are: Falko Regional Aircraft, the world’s largest aircraft lessor and asset manager focused solely on the regional aircraft leasing segment; Jazz Aviation, Air Canada’s sole regional airline service provider; and Voyageur Aviation, a provider of specialized air charter, aircraft modification and parts supply services for regional aviation customers worldwide. Together, the Chorus subsidiaries provide support services that encompass all stages of the life cycle of a regional aircraft, including: aircraft acquisition and leasing; aircraft refurbishment, engineering, modification, repurposing and transition; contract flight; maintenance, disassembly and supply of aircraft and components.

The Class A Variable Voting Shares and the Class B Voting Shares of Chorus trade on the Toronto Stock Exchange under the symbol “CHR”. 6.00% Chorus Senior Debentures Due December 31, 20245.75% Senior Unsecured Debentures December 31, 20246.00% senior unsecured convertible debentures June 30, 2026and 5.75% senior unsecured debentures June 30, 2027 on the Toronto Stock Exchange under the symbols “CHR.DB”, “CHR.DB.A”, “CHR.DB.B” and “CHR.DB.C”, respectively.

www.chorusaviation.com

Forward-looking information

This press release contains “forward-looking information”. Forward-looking information is identified by the use of words and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may “, “plan”, “predict”, “potential”, “project”, “will”, “would” and other similar terms and expressions, 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 the results indicated in the forward-looking information for a number of reasons, including factors identified in Chorus’ public disclosure filing available at www.sedar.com and the risk factors identified in Chorus’ annual information form dated February 16, 2022 (as updated by the risk factors identified in Chorus’ MD&A on operations and financial condition dated May 5, 2022). Statements containing forward-looking information represent Chorus’ expectations as of the date made (or as of the date they are otherwise stated) and are subject to change after such date. Chorus disclaims any intention or obligation to update or revise these statements to reflect new information, subsequent events or otherwise, except as required by applicable securities laws.

SOURCE Chorus Aviation Inc.

For more information: Chorus media contact: [email protected]; Contact details for Chorus analysts: [email protected]

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