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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

Post by 60PlusWhoCareson Apr 09, 2024 10:52am
210 Views
Post# 35978970

Globe and Mail on Chorus

Globe and Mail on ChorusThe Globe and Mail reports in its Friday, April 5, edition that RBC Dominion Securities analyst James McGarragle assumed coverage on Chorus Aviation with "outperform" recommendations. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle set a share target of $3.50. Analysts on average target the shares at $3.08. Mr. McGarragle says in a note: "We see Chorus as benefitting from solid FCF generation in 2024, which we expect to drive lower debt levels. Longer-term, we see the eventual launch of Fund III as providing an avenue for growth. We expect decreased leverage to give management optionality for increased shareholder returns, regional aircraft focused M&A, and continued fund launches, all of which we would view as important catalysts for the shares and as drivers of higher valuation
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