Aircraft manufacturer Chorus Aviation offloads three Q400 turboprops
In a series of strategic moves, Chorus Aviation has announced the planned sale of three Dash 8-400 aircraft and the acquisition of Elisen & Associates Inc. The transactions are expected to generate net proceeds of approximately US$20 million and are intended to broaden Chorus's service offerings in the competitive regional aviation market.
The sales of the Dash 8-400 aircraft align with the aircraft's scheduled departure from the fleet under the capacity purchase agreement between Jazz Aviation and Air Canada. These sales, subject to customary closing conditions, are anticipated to conclude by the end of 2025. The Dash 8-400, a mainstay of regional services across Canada, has been a vital part of Jazz Aviation operations. However, the decision to sell forms part of a broader transition as Chorus adapts to long-term operational needs.
The acquisition of Elisen & Associates Inc. is a strategic step designed to diversify Chorus's revenue base and strengthen its service capabilities. The transaction, which closed officially around early September 2025, is not accompanied by detailed terms disclosure. The Elisen acquisition does not affect the scheduled departure of the Dash 8-400 aircraft from Chorus's fleet under the capacity purchase agreement between Jazz Aviation and Air Canada.
Chorus Aviation emphasised its commitment to disciplined financial management and long-term growth with these announcements. The acquisition of Elisen & Associates Inc. is expected to enhance shareholder value and is a part of Chorus's ongoing efforts to optimise its fleet strategy and capital structure. The combined impact of these transactions is intended to streamline Chorus's operations, providing a more efficient and diversified service portfolio in the regional aviation market.
The Elisen acquisition marks a significant milestone in Chorus's growth strategy. Elisen & Associates Inc. is a leading provider of aircraft maintenance, repair, and overhaul services, with a strong reputation for quality and service. This acquisition is expected to expand Chorus's portfolio and reinforce its position as a leading player in the regional aviation sector.
In conclusion, Chorus Aviation's strategic moves to sell the Dash 8-400 aircraft and acquire Elisen & Associates Inc. signify a commitment to long-term growth and a focus on optimising its fleet strategy and capital structure. These transactions are expected to generate significant benefits for Chorus, its customers, and its shareholders.
