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 > Falko is about to be sold

<< Previous

Bullboard Posts

Next >>

Comment by flamingogoldon Jul 31, 2024 8:44am

252 Views

Post# 36155850

RE:RE:RE:RE:RE:Falko is about to be sold

That was another CEO, Joeseph Randall, who made the Falko deal. Time will tell if this new "clean" deal is better or worse but after more than 2 years Mr. Copp saw it best to return to Chorus' roots.

FWIW, I have owned BBD for over 7 years and under the guidance of CEO Alain Bellemare, the company flounderd with failed promises. Once Eric Martel took over the turnaournd began.

Righting a big ship going off course takes time. The Falkco deal for Chorus to become a global leader in aircraft leasing unfortunately did not pan out much like Bombardier's vision to become a commercial aircraft leader alongside Boeing and Airbus. These things happen. It's painful medicine but cutting loose a dream that is not working out is better in the long run for everyone.

luscar99 wrote: And what happens to BV and NAV ?

Less than 2 years ago the same management were assuring investors buying Falko is a great move.
Now they are selling the entire division (including the 62 planes owned by Chorus before the Falko acquisition) for roughly the same amount they bought Falko for.

Chorus management is a criminal enterprise working to enrich themselves on the back of the shareholders.