Bullboard - Stock Discussion Forum 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... see more

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Chorus Aviation Inc > Chorus Aviation on Course to Produce "Significant Cash Flow"

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Post by davgro on Sep 15, 2022 2:25pm

Chorus Aviation on Course to Produce "Significant Cash Flow"

BMO Capital Says Chorus Aviation on Course to Produce "Significant Cash Flow"

2022-09-15 02:01:45 PM ET (MT Newswires)

Chorus Aviation announced the retirement of Joe Randell, CEO, effective Q1/23 with Colin Copp, current COO and President of Aviation Services succeeding him. An orderly transition, that does not come as a surprise to BMO Capital's Fadi Chamoun.

"We believe that a combination of more predictable earnings from aviation services in coming years and the transformative acquisition of Falko put the company on a course to produce significant cash flow, which we believe will support debt reduction and higher valuation."

BMO has an Outperform rating and $6 target on Chorus.

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