Jazz orders up to 10 CRJ900s

Jazz Aviation, a subsidiary of Chorus Aviation, has signed a firm purchase agreement for five CRJ900 aircraft. The order also includes purchase rights for an additional five CRJ900 aircraft. Once delivered, the five firm-ordered aircraft will be operated by Jazz under the Air Canada Express banner. Based on the list price of the CRJ900 aircraft, the firm order is valued at approximately US$229 million and could increase to US$467 million, should Chorus exercise all its purchase rights. “The addition of these new CRJ900 aircraft will continue Jazz’s fleet renewal and growth program that began in 2011, and provide unit operating