Air Canada will invest $73.3 million in Chorus Aviation, the parent of its regional partner Jazz Aviation, as it extends the Jazz capacity purchase agreement (CPA) by an additional 10 years until the end of 2035. Under a CPA, an airline parent company finances the aircraft for a regional airline, and then places the aircraft with the regional for little cost. Chorus plans to use 60 percent of the investment from Air Canada to purchase nine additional 76-seat Bombardier CRJ900s, which will be delivered in 2020, said Chorus CEO Joe Randell. He said the agreement provides greater certainty for Chorus, while ensuring increased relevance for Jazz within Air Canada's network. Halifax-based Chorus leases aircraft into Jazz, which operates regional service under the Air Canada Express brand. The amended CPA will see growth through the addition of larger-gauge aircraft such as the CRJ900, and will provide $1.88 billion in minimum contracted revenue to Chorus.