HALIFAX, Aug. 10, 2015 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR.B CHR.A) today announced the appointment of R. Stephen Hannahs to its Board of Directors. The appointment is effective immediately and will bring the total number of Board members to eight.
Mr. Hannahs has been involved in aviation and aircraft finance and leasing for over 35 years.
"Steve's impressive track record in aircraft leasing and his extensive network within the industry will bring significant value to Chorus as we continue to execute on diversification and growth strategies," stated Richard McCoy, Chairman of the Board, Chorus. "We are extremely fortunate to be bringing this high caliber of aviation expertise to our Board."
Mr. Hannahs is the Founder, Chief Executive Officer, and Managing Director at Wings Capital Partners. Wings Capital Partners makes targeted, non-passive equity investments in commercial aircraft, related assets parts, and aviation companies, with a focus on the mid-life narrow body commercial aircraft sector. In 1989 Mr. Hannahs co-founded Aviation Capital Group ('ACG') and served as its Chief Executive Officer and Group Managing Director until December 31, 2012. When Mr. Hannahs retired from ACG on January 1, 2013, he had built the Company into a $7.0 billion enterprise and one of the top five aircraft leasing companies in the world. Between 1982 and 1989, he served as an Executive Vice President at Integrated Resources Inc. and President at Integrated Resources Aircraft Corporation. From 1980 to 1982, Mr. Hannahs was a Vice President and partner in Tanon Leasing Corporation, a partnership with the Hillman Company of Pittsburgh, where he was responsible for all of Tanon's aviation activities. From 1977 to 1980 he was employed by Itel Corporation where he was responsible for airline and aviation financing activities. He is a former officer in the United States Air Force, and holds a Bachelor of Arts and Master of Business Administration degrees in Finance from the University of Wisconsin-Madison.
Chorus is traded on the Toronto Stock Exchange under the trading symbols of CHR.A and CHR.B.
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010 and is a dividend-paying holding company with various interests including Jazz Aviation Holdings Inc. and Chorus Aviation Holdings II Inc.
SOURCE Chorus Aviation Inc.
For further information: Chorus Media Contacts: Teri Udle, Halifax, Nova Scotia (902) 873-5047, [email protected]; Debra Williams, Toronto, Ontario, (905) 671-7769, [email protected]; Analyst Contact: Nathalie Megann, Halifax, Nova Scotia, (902) 873-5094, [email protected]