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.

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Chorus Aviation Inc > Eliminated Air Canada routes

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Comment by KantoTerroron Jul 02, 2020 2:17pm

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Post# 31216926

RE:RE:RE:Eliminated Air Canada routes

I'm pretty sure thare are stipulations as to what can be renegotiated...If there is, CHR would've disclosed it by now or have announced it.

Takafuji wrote: I think there is more to the news that the management is not letting on. If chorus gets paid the same amount by air canada no matter what, there is 0 reason for Air canada to cancel all those flights from chorus because it's a sunk cost.

If I was Air Canada and I had to pay 10 dollars for the airplane to sit on the ground or 10 dollars for the plane to run and carry 1 or 2 passsengers, i would rather pay 10 dollars for the plane to carry 1 or 2 passengers and try to start a courier service for all the empty cargo space.

https://www.cbc.ca/news/business/air-canada-service-cuts-1.5632874#:~:text=Air%20Canada%20is%20indefinitely%20suspending%2030%20domestic%20regional%20routes%20and,a%20result%20of%20COVID%2D19.

in the article it specifically says:
"Air Canada said it expects the airline industry will not recover from the damage incurred by the coronavirus pandemic for three years at least, and makes it clear that Tuesday's route cancellations may not be the end of any drastic steps that may have to be taken.
"Other changes to ... network and schedule, as well as further service suspensions, will be considered over the coming weeks as the airline takes steps to decisively reduce its overall cost structure and cash burn rate," the airline said."
I personally expect Air Canada to try to renegotiate the terms with Chorus on the leasing to lower costs, which directly will affect chorus' revenues. As well as the grounding of the regional leased fleet to save costs via something unmentioned probably hurting Chorus in some way. Air Canada in survival mode.