Falko is about to be sold
https://www.linkedin.com/posts/airfinance-global_exclusive-falko-regional-aircraft-is-activity-7216909620005474304-9sz_/
Chorus got cooked on the initial deal for Falko and those $375m in prefs yielding 9% sure eat up a lot of cash (and they have to pay 1.4x to buy them back). I'd imagine they need to unload it for at least $1.4b (incl debt) to come out ahead.
That would leave something like an EV of $1.2b.. At that point, they might as well sell the whole thing to Air Canada.