Chorus Aviation Inc T.CHR

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

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, 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

Chorus Aviation Inc > "We have CHR initiating a quarterly dividend of $0.06/share"

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Post by SleepingGiant64on Jul 30, 2024 6:15pm

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Post# 36155193

"We have CHR initiating a quarterly dividend of $0.06/share"

CIBC is out with a note on CHR, boosting target price to $3.50 from $3.25.

They see 2025 EPS at 33-cents from 25-cents.

They also highlight $250m in liquidity. If they can get an 11% return on that, it would add $26m in annual EBITDA but management better really nail some deals if it's going that route. I'd much rather see $100m dedicated to an SIB, which could take out around 15-18% of shares and would be accretive.

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