NORTH BAY, ON, Oct. 12, 2016 /CNW Telbec/ - Voyageur Aviation Corp today announced the establishment of a new subsidiary - Voyageur Avparts Inc., a company specializing in a wide range of regional aircraft supply chain services. Voyageur Avparts serves airlines, maintenance organizations, leasing companies, and other aviation-related companies in the provisioning of aircraft parts, inventory management, inventory consignment services, component repair and overhaul, and aircraft disassembly management.
"The experienced staff of Voyageur Avparts has earned a strong reputation for provisioning aircraft parts in the regional aircraft market, particularly in the Bombardier Dash 8 and CRJ product line. The establishment of this new company demonstrates our commitment to grow our aircraft part sales, support and management business," commented Max Shapiro, President of Voyageur Aviation Corp.
Voyageur Avparts now joins Voyageur Airways and Voyageur Aerotech in the group of companies under the umbrella of Voyageur Aviation Corp. The group provides customized contract flying services, specialized maintenance, design and engineering services, and global aviation supply chain services. Headquartered in North Bay, Ontario, Canada, Voyageur operates from its 200,000 square foot head office and maintenance facility.
Forward-Looking Information Caution
This news release may contain 'forward-looking information' as defined under applicable Canadian securities legislation. Forward-looking information, by its nature, is based on assumptions and is subject to important risks and uncertainties. These risks, uncertainties and other factors may cause actual results, performance or achievements to differ materially from those expressed in forward-looking statements. Factors that may cause results to differ materially from expectations in this news release include, without limitation, risks relating to the general economic conditions and the airline industry specifically, competition affecting Voyageur, Chorus and its subsidiaries, access to parts inventory at competitive costs, employee relations and potential disputes, currency exchange and interest rates, potential litigation from third parties arising from parts purchased or sold, and the availability of adequate insurance coverage at reasonable cost. For a further discussion of risks, please refer to Section 20 – Risk Factors in Management's Discussion & Analysis ('MD&A') of Chorus Aviation Inc. for the second quarter of 2016. The MD&A identifies and addresses other important risks and uncertainties that could cause results, performance or achievements to differ materially from those reflected in forward-looking information contained in this news release. Readers are cautioned not to put undue reliance on forward-looking information. Voyageur and Chorus Aviation Inc. disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required under applicable securities law.
About Voyageur Aviation Corp
Voyageur Aviation Corp is the parent company of Voyageur Airways Limited, Voyageur Aerotech Inc., and Voyageur Avparts Inc. Voyageur Aviation Corp manages these entities under the same core principles of comprehensive safety management, quality assurance, and client-dedicated solutions. Voyageur Aviation Corp is a wholly-owned subsidiary of Chorus Aviation Inc. ('Chorus'). Headquartered in Halifax, Nova Scotia, Chorus' Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'.
Voyageur Airways Limited: Established in 1968, Voyageur Airways is a Canadian Air Operator specializing in ad-hoc or contract-based aircraft charter services and aircraft leasing. Airways' operations are worldwide, often in remote and challenging environments.
Voyageur Aerotech Inc.: Voyageur Aerotech Inc. is a Canadian Approved Maintenance Organization (AMO). Aerotech provides a multitude of aircraft maintenance, manufacturing and engineering related services.
Voyageur Avparts Inc.: Voyageur Avparts Inc. is a Canadian company providing a multitude of regional aircraft supply chain services.
For more information, please visit www.voyav.com
SOURCE Voyageur Aviation Corp.
For further information: Cory Cousineau, Vice President, Marketing, Voyageur Aviation Corp., (705) 476-1750 ext. 200, [email protected]