April 26, 2016 / 11:42 AM / in 2 years

Bombardier says Chorus Aviation's unit to buy five aircraft

(Reuters) - Bombardier Inc (BBDb.TO) said a unit of Nova Scotia-based Chorus Aviation Inc CHRb.TO has signed an agreement to buy five CRJ900 aircraft with an option to buy an additional five aircraft.

A Bombardier flag flutters amidst storm clouds at the Singapore Airshow at Changi Exhibition Center February 18, 2016. REUTERS/Edgar Su

Based on the list price of the CRJ900 aircraft, the order is valued at about $229 million and could increase to $467 million, if Chorus exercises its right to purchase the additional aircraft, Bombardier said on Tuesday.

Once delivered, the five aircraft will be operated by a unit of Chorus under the Air Canada Express (AC.TO) banner.

Reporting by Arathy S Nair in Bengaluru; Editing by Shounak Dasgupta

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