March 19 (Reuters) - Chorus Aviation Inc CHR.TO :
* CHORUS AVIATION PROVIDES STATEMENT ON COVID-19
* CHORUS AVIATION INC - SUBSTANTIALLY ALL OF ITS SOURCE REVENUE IS DERIVED FROM AIRLINE CUSTOMERS
* CHORUS AVIATION INC - EXPECTS CURRENT DISRUPTION TO AIRLINE INDUSTRY TO BE TEMPORARY, HOWEVER, ITS DURATION AND FULL EXTENT OF ITS IMPACT ARE UNKNOWN
* CHORUS AVIATION - CURRENTLY HAS A STRONG LIQUIDITY POSITION WITH A CURRENT CASH BALANCE OF C$132 MILLION
* CHORUS AVIATION SAYS ARE CERTAINLY NOT IMMUNE TO CHALLENGES FACING AIRLINE INDUSTRY
* CHORUS AVIATION - IS MAINTAINING DIVIDEND REINVESTMENT PLAN WHICH, BASED ON CURRENT PARTICIPATION RATE, IS GENERATING C$22 MILLION IN ANNUAL CASH SAVINGS
* CHORUS AVIATION - HAS A C$100 MILLION REVOLVING OPERATING FACILITY, OF WHICH C$75 MILLION IS COMMITTED
* CHORUS AVIATION INC - CURRENTLY HAS DRAWN BALANCE (INCLUDING LETTERS OF CREDIT) OF C$20.5 MILLION
* CHORUS AVIATION - ANTICIPATES HAVING SUFFICIENT LIQUIDITY TO FUND ONGOING OPERATIONS, PLANNED CAPITAL EXPENDITURES
* CHORUS AVIATION - DISCUSSING ADDITIONAL FINANCING OPTIONS WITH AN EXISTING CREDIT PARTNER