RE:I take no pleasure
I think it's really going to depend on Q4 results I think they're next week. I think if the leasing division looks like they are done losing money through impairment costs, bigger investors will come back. I believe chorus is only accounting for impairment if and when their lessees declare bankruptcy to reorganize, which is less conservative than other leasing companies. Q4 should make that clear, whether there will be continued impairments recognized on the assets over time and also should make the payment deferral credit loss impairments more clear as well. Last we left off in Q3 collections climbed back to 50 percent. Air Canada portion of the picture had become a bit worse. MRO revenues should be down further, but the good news is I don't think it can get any worse on the air Canada portion of the revenues. Chorus rebound should coincide with air Canada rebound, the MRO and performance bonuses will revert back to normal levels once the government gives them the money in exchange for the regional flight resumptions, assuming this will be closer to summer.