RE:RE:National Bank Maintain Outperform Rating Ahead of Q4 Resultsstwatcher wrote: Where did they see this from ?
a planned US$500 million regional aircraft investment fund?
This is from a January 24, 2023 TD Securities Action Note on CHR. They also mention a new "regional aircraft fund":
Chorus Aviation: We forecast that Chorus will report 28% y/y growth in revenue in Q4/22 and 26% growth in adjusted EBITDA primarily due to acquisition of Falko in 2022. Important updates from the company will include progress on the launch of the new Falko regional aircraft fund, plans for additional aircraft sales, and asset management revenue opportunities. Assuming that these updates do not provide any negative surprises, we believe that investors should focus on the company's deleveraging, cash flow stability from the CPA, and earnings potential when considering what we view as attractive share price upside.