Chorus Aviation Announces Executive Realignment

Delivering regional aviation to the world

• Jolene Mahody appointed Executive Vice President and Chief Strategy Officer.
• Colin Copp appointed Chief Operating Officer and President, Chorus Aviation Services.
• Dennis Lopes appointed Senior Vice President, Chief Legal Officer and Corporate Secretary.
• Gary Osborne appointed Chief Financial Officer.
• Randolph deGooyer appointed President, Jazz Aviation.
• Retirement of Richard (Rick) Flynn, Executive Vice President, and Chief Corporate Development Officer.

HALIFAX, March 11, 2019 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today executive appointments to support its growth and diversification strategies. These appointments provide the expertise and focus required to further strengthen Chorus and build on the positive momentum achieved in its quest to bring regional aviation services to the world.

"I'm very pleased to make these appointments from within our highly experienced and skilled team," stated Joe Randell, President and Chief Executive Officer, Chorus. "These underscore the significant contributions these individuals have made to strengthening and growing our organization. By maintaining the continuity of our core senior executive team, we will leverage and draw on their collective expertise and knowledge of this industry. We are well positioned for the future and will benefit from strong succession planning. The chief executives, including Steve Ridolfi, President, Chorus Aviation Capital, will report to me."

"I take this opportunity to recognize Rick Flynn who has been instrumental in building our company.  Rick has been with us for over 30 years, and it is with mixed feelings that I announce his retirement from Chorus effective May 8, 2019. He has made a tremendous contribution and is highly respected in the industry," continued Mr. Randell.

Jolene Mahody – appointed Executive Vice President and Chief Strategy Officer

Ms. Mahody currently serves as Executive Vice President and Chief Financial Officer and has been with the company for 27 years. In this new role, she retains responsibility for investor relations, and will also be responsible for strategic and corporate planning, mergers and acquisitions, government and community relations, marketing, corporate communications, corporate human resources and culture. Ms. Mahody's new role is effective May 8, 2019.

Colin Copp – appointed Chief Operating Officer and President, Chorus Aviation Services

Mr. Copp is currently the President of Jazz and has been with the company for 30 years. In addition to being the lead executive responsible for Chorus' relationship with Air Canada, he'll also oversee all of the Chorus aviation services with the exception of aircraft leasing which will continue to be led by Mr. Ridolfi.  In this new role, Mr. Copp will also lead the development of new commercial opportunities to grow the contract flying, parts provisioning and maintenance functions at Jazz and Voyageur.  Mr. Copp will leverage the technical expertise within Jazz and Voyageur to bolster these lines of revenue and to support Chorus Aviation Capital. Scott Tapson, President of Voyageur and Randolph deGooyer, the newly appointed President of Jazz Aviation, will report to Mr. Copp who's appointment is effective today.

Dennis Lopes – appointed Senior Vice President, Chief Legal Officer and Corporate Secretary

Mr. Lopes is currently the Senior Vice President, General Counsel and Corporate Secretary, and has been with Chorus for almost three years.  Mr. Lopes has been instrumental in supporting the growth of our regional aircraft leasing business and execution of our corporate finance initiatives. He will continue to be responsible for the legal affairs of Chorus and its subsidiaries in addition to his responsibilities as Corporate Secretary.  The change in Mr. Lopes' title is effective today.

Gary Osborne – appointed Chief Financial Officer

Mr. Osborne is currently the Vice President, Finance and Business Services at Jazz, and will succeed Jolene Mahody as Chief Financial Officer.  Mr. Osborne has been with the company 14 years and will have responsibility for Chorus' overall financial strategic direction comprising of financial reporting and planning, treasury, taxation, and internal audit. Over the next several months Ms. Mahody will work with Mr. Osborne to ensure a smooth transition to his new role which is effective May 8, 2019.

Randolph deGooyer – appointed President, Jazz

Mr. deGooyer is currently the Vice President, Commercial Services at Jazz, and effective today, will succeed Colin Copp as President of Jazz.  Mr. deGooyer has been with Jazz for nine years and will assume responsibility for the operation and administration of the company and will report to Mr. Copp. Mr. Copp will remain the Accountable Executive to Transport Canada until the transition period is completed.

Biographies are provided on the Chorus website at www.chorusaviation.ca.

About Chorus Aviation Inc.

Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010. Chorus' vision is to deliver regional aviation to the world. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2011, and established Chorus Aviation Capital to become a leading, global provider of regional aircraft leases.  Chorus also owns Jazz Aviation LP and Voyageur Aviation Corp. – companies that have long histories of safe and solid operations that deliver excellent customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and overhaul.  Together, the Chorus group of companies can provide a full suite of regional aviation support services. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. www.chorusaviation.ca

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 those identified in Chorus' public disclosure record available at www.sedar.com and the risk factors identified in Chorus' Annual Information Form dated February 21, 2019. 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.

SOURCE Chorus Aviation Inc.

Chorus Media Contacts: Manon Stuart, Halifax, Nova Scotia, [phone], [email protected]; Debra Williams, Toronto, Ontario, [phone], [email protected]; Chorus Analyst Contact: Nathalie Megann, Halifax, Nova Scotia [phone], [email protected]

Related Links

www.chorusaviation.ca