Air Canada improves CPA with Jazz Aviation and equity investment of $97.26 million in Chorus

Air Canada has agreed to amend and extend the Capacity Purchase Agreement (CPA) with Jazz Aviation, a wholly-owned subsidiary of Chorus Aviation, under which Jazz currently operates certain regional Air Canada Express flights. “We are very pleased to have arrived at this win-win agreement with Jazz and Chorus, which will give us long-term stability, more competitive cost certainty and the flexibility to modernize the regional fleet for the benefit of our customers. The Amendments will allow us to provide regional services more cost effectively so that we can compete more efficiently, deploying the aircraft best suited for a given regional