Chorus Aviation and GA Telesis to Form JV

Executives from Chorus Aviation Inc., Halifax, Nova scotia, Canada, and GA Telesis LLC, Fort Lauderdale, Fla., have signed a letter of intent to form a joint venture to provide supply chain solutions, including component and spare parts support, to Bombardier Q400, DHC Dash 8, and CRJ aircraft operators and maintenance, repair, and overhaul (MRO) providers. The joint venture will leverage the expertise of the two companies to form an inventory support provider focused on regional aircraft operators. The business will initially focus on the Q400, and the parties expect to expand the joint venture's services and offerings to include other regional aircraft types.

 

"Our roots in aviation date back to the 1930s and today we are the world's largest Dash 8 operator," said Joseph Randell, president and CEO, Chorus. "This collaboration leverages our unmatched experience in regional services and GA Telesis's leadership in inventory asset management to form a world-class service provider. As we continue to evolve with the industry, we believe this venture will provide Chorus a solid platform for future expansion and diversification."

 

"The addition of a dedicated regional aircraft support company will further enhance our world-class portfolio of service offerings to the aviation industry," said Abdol Moabery, president and CEO, GA Telesis. "Our decision to align ourselves with Chorus was clear given their extensive experience operating Dash 8 and Q400 aircraft," he added. Mr. Moabery concluded that "this transaction further demonstrates GA Telesis's commitment to 'Intelligently Defining Aviation.'"

The letter of inetent is subject to a number of conditions, including entering into a definitive agreement which is targeted to occur in the first quarter of 2014.

 

Chorus Aviation Inc. owns Jazz Aviation LP and Chorus Leasing III Inc.

 

GA Telesis provides support services to the commercial and defense aerospace industries worldwide, offers leasing and asset management services, and maintains a portfolio of leased assets exceeding $1 billion in value.