Chorus Aviation Inc T.CHR

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

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

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Post by Zosimaon Feb 08, 2011 1:08pm

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Post# 18094920

Payout clarification

Scotia Capital has the payout ratio at 81.3% based on the company's reported free cash flow of $22,729 and distributions of $18,489 (page 7 of the MD&A). However, the press release disclosed that included in the quarter were $4 million in non-recurring start-up costs associated with Thomas Cook, and $1.5 million for the corporate conversion. Adding these one-timers back, gives you a 66% payout ratio in the quarter.

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