Chorus Aviation Inc T.CHR

Alternate Symbol(s): CHRRF | T.CHR.DB.A | T.CHR.DB.B | T.CHR.DB.C

Industrials Airlines

Chorus Aviation Inc. is a global aviation solutions provider and asset manager, focused on regional aviation. The Company’s primary business activities include contract flying, aircraft leasing, managing aircraft on behalf of fund investors and other third-party aircraft investors and/or owners, as well as maintenance, repair and overhaul services and pilot training. The Company operates through two segments: Regional Aviation Services and Regional Aircraft Leasing. Its subsidiaries include Falko Regional Aircraft, a pure play regional aircraft asset manager and lessor, and managing investments on behalf of third-party fund investors; Jazz Aviation, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services, and Cygnet Aviation Academy, an accredited training academy preparing pilots for direct entry into airlines.

TSX:CHR - Post by User

Chorus Aviation Inc

Bullboard Posts

Comment by bnwon Aug 12, 2012 1:34pm

127 Views

Post# 20208945

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rapid_fire, I don't think the Air Canada situation will directly effect Chorus but an indirect impact will be that as AC improves, the market will tend to see all airlines more favourably. I think this has already begun with Transat gaining 24% last week and Chorus and WestJet gaining as well. I do think there could be a negative with Chorus as a result of the Thomas Cook loss of business, however. The main vulnerability with Chorus is its dividend. If my information is correcct, the yield is an unbelievable 17.6% at Friday's close. Any reduction in the dividend will hit the SP hard, however, if the price can recover a little bit, that yield will come down and if the dividend appears more safe its got to attract more investors. Let's not forget that they continue to produce strong cash flows from operations. For myself, I maintain a position on Chorus but see the upside of AC and Transat more favourable.

Bullboard Posts

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