Chorus Aviation

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Chorus Aviation reports second-quarter 2024 financial results

Financial

Chorus Aviation Inc. (Chorus) announced its second-quarter 2024 financial results, highlighting significant changes in its operations. On July 30, 2024, Chorus revealed that it had entered into an agreement to sell its Regional Aviation Leasing (RAL) segment, which has since been reclassified as discontinued operations. Following the closure of this transaction, Chorus will operate under […]

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Chorus Aviation sells RAL segment for CA$1.9 billion in strategic shift

Financial

Chorus Aviation (Chorus) has entered into an agreement to sell all assets in its Regional Aircraft Leasing (RAL) segment, including Falko Regional Aircraft Limited (Falko) and Chorus’ equity interests in the aircraft investment funds managed by Falko and its affiliates, to affiliates of investment funds managed by HPS Investment Partners (the transaction). The aggregate consideration

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ATR 600 turboprop of Falco's aircraft portfolio

Chorus Aviation posts first-quarter net income of CA$32.0 million

Financial

Chorus Aviation has posted net income of CA$320 million for the first quarter of 2023, an increase of CA$9.1 million compared to the previous year. Chorus Aviation reported Adjusted EBITDA of CA$118.1 million, an increase of CA$34.8 million over the first quarter of 2022. The RAL segment’s Adjusted EBITDA was CA$61.6 million, a quarter-over-quarter increase

Chorus Aviation posts first-quarter net income of CA$32.0 million Read More »

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