Chorus Aviation Inc. Announces Completion of Early Partial Redemption of Convertible Debentures

HALIFAX, Feb. 10, 2014 (Canada NewsWire via COMTEX) —Redemption of $60.0 million or approximately 75.0%

Chorus Aviation Inc. (‘Chorus’) (TSX: CHR.B CHR.A CHR.DB) announced today that is has completed the early redemption of C$60 million of its Convertible Unsecured Subordinated Debentures (‘Debentures’) that were due to mature on December 31, 2014. Debentures of an aggregate principal amount of C$20.21million remain outstanding following the redemption.

“The early repayment of the majority portion of this 9.5% maturing debt supports our intention to increase shareholder value through capital structure improvements,” stated Joseph Randell, President and Chief Executive Officer, Chorus. “The balance outstanding on these debentures is planned to be redeemed with future cash flow from operations either before or at their December 31, 2014 maturity date.”