Chorus will use approximately 60% of the investment proceeds to purchase nine additional new larger-gauge CRJ900 (76-seat) aircraft to modernize Jazz's fleet and generate additional lease revenue under the CPA.
Good news for Bombardier too.
Would not be surprised if an additional Q400 top-up order is eventually placed too.
Five CRJ900s sourced by Air Canada will initiate the fleet changes with deliveries expected to begin in the first half of 2019.
Hope those will be used to increase frequencies on some routes.
Air Canada will consolidate more of its overall regional capacity into Jazz's footprint, thereby further securing Jazz's place in Air Canada's regional network.
Wonder what that means long-term for Sky Regional and Air Georgian? Status quo?
The minimum Covered Fleet of 105 aircraft to 2025 and a minimum of 80 75-seat aircraft between 2026 and 2035 will provide a predictable minimum contracted revenue stream for 17 years.
I wonder if that means 25 DH3s will remain with no more CRJs eventually or if a combination of the two will be maintained? Could also mean Jazz' AC fleet will be above 105.