Chorus Aviation Inc. announces TSX acceptance of normal course issuer bid per announcement of February 20, 2013

HALIFAX, Mar 14, 2013, 2013 (Canada NewsWire via COMTEX) —Chorus Aviation Inc. (“Chorus”) (TSX: CHR.B CHR.A CHR.DB) today announced that the Toronto Stock Exchange (the “TSX”) has accepted its notice to make a normal course issuer bid (“NCIB”) to purchase for cancellation up to a maximum of 11,093,612 of its Class A Variable Voting shares and/or Class B Voting shares (collectively, the “Shares”), representing 10% of the public float of the Shares.

As previously announced on February 20, 2013, the directors and management of Chorus believe that the market price of the Shares during the period of the bid may be such that the purchase of Shares by Chorus for cancellation would be in the best interests of Chorus and an appropriate use of corporate funds in light of potential benefits to remaining shareholders.

As of February 28, 2013, Chorus had 124,413,826 Shares issued and outstanding, of which 110,936,129 Shares constitute the total public float of the Shares. Purchases made pursuant to the bid will be made in the open market through the facilities of the TSX and/or alternative trading systems in accordance with the requirements of the TSX. Chorus is authorized to commence the bid on or about March 18, 2013 and have it remain in effect until March 17, 2014. There can be no assurances as to how many Shares, if any, will be acquired by Chorus pursuant to this NCIB. Shares purchased by Chorus pursuant to the bid will be cancelled. On any trading day, Chorus will not purchase more than 86,141 Shares, except where such purchases are made in accordance with the block purchase exemptions under the TSX rules. Chorus has not purchased any common shares during the previous year pursuant to any issuer bid.