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Chorus Aviation Inc T.CHR

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

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

Comment by flamingogoldon Feb 23, 2024 10:35am
154 Views
Post# 35895516

RE:44+ VP's and Senior management ...and still !?

RE:44+ VP's and Senior management ...and still !? Nice of you to create a new ID to let us know that.

This story is very much like BBD, which I also own. They went through many years of pain to finally turn around. CHR survived covid but in the process had to adopt some very painful restructuring initiatives. Prior to this they were a one trick pony totally hamstrung by Air Canada. Does anyone remember the bully Calin Rovinescu?

Of course I'd welcome better results and management is definitely far from perfect. But, the switch to become less dependent on one customer was a long time coming. This initiative is still underway and we can complain about Brookfield but without them there was no way the deal would have materialized. Turnarounds are difficult, my position in BBD is finally green and I bet there's not many out there that can say that. It takes patience, sometimes longer than we would like.

DivHunter2 wrote: This is in a Nose Dive . Terrible 'DEI' company - loosing money everyday ! Thye are hiding large losses I fear . Remember - they cut the DIV ...NEVER to come back . Horrible performance on Q4 , and year end ! 


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