March 15 (Reuters) - Chorus Aviation Inc CHR.TO :
* CHORUS AVIATION - CONFIRMED CONDITION PRECEDENT TO REVISIONS OF CAPACITY PURCHASE AGREEMENT BETWEEN JAZZ & AIR CANADA ANNOUNCED ON MARCH 1, 2021 HAS BEEN MET
* CHORUS AVIATION INC - AMENDED CPA IS EFFECTIVE ON A RETROACTIVE BASIS TO JANUARY 1, 2021
* CHORUS AVIATION - NEWLY RATIFIED AGREEMENT WITH JAZZ PILOTS, AS REPRESENTED BY AIR LINE PILOTS ASSOCIATION INTERNATIONAL, WILL RUN UNTIL DEC 31, 2035
* CHORUS AVIATION INC - REVISIONS TO CPA INCLUDE CONSOLIDATION OF 25 EMBRAER 175S INTO JAZZ'S COVERED AIRCRAFT FLEET
* CHORUS AVIATION INC - JAZZ WILL OPERATE 25 E175S UNDER CPA.
* CHORUS AVIATION INC - JAZZ IS EXCLUSIVE AIR CANADA EXPRESS OPERATOR OF 70+ SEAT AIRCRAFT UNTIL END OF 2025
* CHORUS AVIATION - FIXED FEES INCREASE BY $46.0 MILLION OVER TERM OF CPA WITH ANNUAL MINIMUM FIXED FEES INCREASING BY $1.2 MILLION PER YEAR FROM 2021 TO 2025
* CHORUS AVIATION INC - ANNUAL MINIMUM FIXED FEES INCREASING BY ABOUT $4.0 MILLION PER YEAR FROM 2026 TO 2035 UNDER REVISIONS TO CPA
* CHORUS AVIATION INC - REVISIONS TO CPA INCLUDE REMOVAL OF 19 DASH 8-300S FROM JAZZ'S COVERED AIRCRAFT FLEET
* CHORUS AVIATION INC - 19 DASH 8-300S WILL BE REMOVED FROM FLEET IN 2021
* CHORUS AVIATION - DUE TO REVISIONS TO CPA, CO ANTICIPATES ONE-TIME COSTS, CHARGES, AND OTHER FEES TO RANGE BETWEEN $100.0 MILLION AND $110.0 MILLION