Chorus Aviation confirms annual dividend unchanged at $0.48 per share

HALIFAX, Aug. 24, 2015 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR.B CHR.A) confirms that an August 21, 2015 article published by the Dakota Financial News and by Marketbeat.com inaccurately reported Chorus' monthly dividend.  Chorus confirms the annual dividend is unchanged at $0.48 per share payable monthly.

On August 20, 2015 Chorus announced a monthly dividend of $0.04 per Class A and Class B share payable on or after September 17, 2015 to shareholders of record at the close of business on August 31, 2015. These dividends qualify as eligible dividends in Canada and qualifying dividends in the United States. The news release may be found at www.sedar.com and www.chorusaviation.ca

On August 12, 2015 Chorus issued its quarter earnings release, Management's Discussion and Analysis, and financial statements which may also be found at www.sedar.com and www.chorusaviation.ca

Investors are encouraged to consult with Chorus Investor Relations directly for information regarding its operations and developments at [email protected] or (902) 873 – 5094.

Forward Looking Statements

Certain statements in this news release may contain statements which are forward-looking. These forward-looking statements are identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and similar terms and phrases, including references to assumptions. Such statements may involve but are not limited to comments with respect to strategies, expectations, planned operations or future actions.

Forward-looking statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and other uncertain events. Forward-looking statements, by their nature, are based on assumptions, including those described below, and are subject to important risks and uncertainties. Any forecasts or forward-looking predictions or statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to differ materially from those expressed in the forward-looking statements. Results indicated in forward-looking statements may differ materially from actual results for a number of reasons, including without limitation, risks relating to Chorus' relationship with Air Canada, the airline industry and in particular the international operation of airlines in developing countries and areas of unrest, airline leasing, energy prices, general industry, market, credit, and economic conditions, (including a severe and prolonged economic downturn which could result in reduced payments under the amended CPA), competition, insurance issues and costs, supply issues, war, terrorist attacks, aircraft incidents, epidemic diseases, environmental factors, acts of God, changes in demand due to the seasonal nature of the business, the ability of Chorus to reduce operating costs and employee counts, the ability of Chorus to secure financing, the ability of Chorus to renew and or replace existing contracts, employee relations, labour negotiations or disputes, pension issues, currency exchange and interest rates, leverage and restructure covenants in future indebtedness, uncertainty of dividend payments, managing growth, changes in laws, adverse regulatory developments or proceedings in countries in which Chorus and its subsidiaries operate or will operate, pending and future litigation and actions by third parties. For a discussion of certain risks, please refer to Section 21 – Risk Factors in the second quarter 2015 MD&A. The forward-looking statements contained in this discussion represent Chorus' expectations as of August 24, 2015, and are subject to change after such date. However, Chorus disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

About Chorus
Chorus is traded on the Toronto Stock Exchange under the trading symbols of CHR.A and CHR.B.

Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010 and is a dividend-paying holding company with various interests including Jazz Aviation Holdings Inc. and Chorus Aviation Holdings II Inc.

www.chorusaviation.ca

SOURCE Chorus Aviation Inc.

Teri Udle, Halifax, Nova Scotia, [phone], [email protected]; Analyst Contact: Nathalie Megann, Halifax, Nova Scotia, [phone], [email protected]