Chorus Aviation Capital to buy leased aircraft from Avation

Chorus Aviation Capital has agreed to acquire six ATR 72-600 aircraft with attached leases from Singapore's Avation PLC. No financial terms were released for the proposed acquisition, which consists of three aircraft on lease to British carrier Flybe and three to Virgin Australia Airlines. Chorus Aviation Capital, a regional aircraft leasing subsidiary of Halifax-based Chorus Aviation Inc (TSX: CHR), was launched in December. The launch was backed with a $200 million investment by Canadian holding company Fairfax Financial Holdings Ltd.

DealsCanadaNorth AmericaBriefs