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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

Comment by maplakon Nov 01, 2024 9:50pm
110 Views
Post# 36293308

RE:AC talking about leasebacks

RE:AC talking about leasebacksTo be honest I don't believe ANYTHING what management says. Since pandemic it was just lies after lies. Speaking of contracts I don't know any details of any. Only thing I remember when AC ran into financial trouble during the pandemic they canceled  leasing contracts with CHR to save 400 million over 10 years . Don't remember details but it looks to me that now AC pays them by seat , anyway  easy money for Chorus are gone . In mean time when Chorus was busy with Falko bullshit  and screwed by massive debt the business opportunities arised to fly west but it was picked up by EIF. Besides Chorus was short of pilots as EIF was training their own. So not sure where ,when and how they want to expand their business. I don't know I am not an expert all I know if they don't come with 2 cents dividend on Nov 7 th I am out soon they announce their earnings. They have some debentures to pay by December plus I think they will still end up with 500 million in debt. Maybe here  knows better . 
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