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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
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Post by Takafujion Nov 06, 2020 11:19am
202 Views
Post# 31851437

cityjet's return of 2 crj900s

cityjet's return of 2 crj900sI noticed recent news indicated CityJet returned 2 CRJ900s to CAC.

Were there any other insolvent companies going under protection that CAC was leasing planes to besides CityJet and Virgin Australia? Just want to determine how much immediate counterparty risk there is for the leasing side of the business.

If anyone is familiar with airplane leasing and bankruptcy protection, does it protect the lessee from all claims from the lessor or will CAC get something out of it to help them offset lack of output during the time it takes to remarket the planes?
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