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Chorus Aviation Inc T.CHR

Alternate Symbol(s):  CHRRF | T.CHR.DB.B | T.CHR.DB.C | 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, 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 Regional Aviation Services segment. The Company offers contracted flying services within North America and also provides medical, logistical and humanitarian flight operations to Canadian and international customers. Its subsidiaries include Jazz Aviation LP, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation Corp., 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

Bullboard Posts
Comment by Takafujion Jul 02, 2020 3:19pm
157 Views
Post# 31217393

RE:RE:RE:RE:Eliminated Air Canada routes

RE:RE:RE:RE:Eliminated Air Canada routesYeah chorus' management would not want that but I've seen lots of big companies during belt tightening renegotiate plenty of contracts in my industry.

I mean renegotiations don't have to be one sided, AC management can get creative and give CHR some escrowed equity in return for modification of lease agreement or something else different. would probably strengthen partnership though temporary lower revenues at a time where neither company wants to take the risks. Actually i'm unfamiliar with the details of current partnership agreement between Air Canada and Chorus. From the news i'm lead to believe it's a flat lease rate, but they get no revenue sharing. Maybe it will be changed to lowered lease rate but revenue sharing trading current for future revenue at a preferential rate possibly, depending on how and if negotiations happen.

BK renegotiations are reserved for when shtf, which hopefully will never happen as if that happens my investments also in the airline industry will get hurt as well.
Bullboard Posts