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Chorus Aviation Inc (CHR.TO)

CHR.TO on Toronto Stock Exchange

7.32CAD
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Chorus Aviation Announces $97.26 Mln Equity Investment By Air Canada
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Chorus Aviation Inc ::CHORUS AVIATION ANNOUNCES AGREEMENT TO AMEND AND EXTEND CAPACITY PURCHASE AGREEMENT AND A $97.26 MILLION EQUITY INVESTMENT BY AIR CANADA.CHORUS AVIATION - PROCEEDS FROM AIR CANADA INVESTMENT TO ENABLE CO TO INVEST IN LEASING BUSINESS INCLUDING BUYING NEW LARGER-GAUGE AIRCRAFT.CHORUS AVIATION INC - AGREEMENT WILL EXTEND CAPACITY PURCHASE AGREEMENT TO 2035.CHORUS AVIATION INC - AIR CANADA WILL HAVE A SEAT ON CO'S BOARD & WILL NOMINATE MICHAEL ROUSSEAU TO POSITION.CHORUS AVIATION INC - FIVE CRJ900S SOURCED BY AIR CANADA WILL INITIATE FLEET CHANGES WITH DELIVERIES EXPECTED TO BEGIN IN FIRST HALF OF 2019.CHORUS AVIATION INC - "CHORUS EXPECTS TO CONTINUE TO GENERATE CASH FLOW TO SUPPORT ITS CURRENT DIVIDEND.".CHORUS AVIATION - AIR CANADA TO ACHIEVE COST SAVINGS RELATED TO FIXED FEE REDUCTIONS, PREDOMINANTLY OCCURRING IN 2019, 2020 WITH $36 MILLION DECREASE IN EACH YEAR.CHORUS AVIATION - AMENDED DEAL TO REDUCE MARGIN RISK FOR JAZZ BY LIMITING EXPOSURE ON CONTROLLABLE COSTS TO A MAXIMUM OF $2 MILLION ANNUALLY.CHORUS AVIATION INC - AIR CANADA WILL ALSO HAVE PRO RATA PRE-EMPTIVE RIGHTS TO MAINTAIN ITS OWNERSHIP PERCENTAGE IN CHORUS.CHORUS AVIATION INC - AIR CANADA WILL SUBSCRIBE FOR 15.6 MILLION CLASS B VOTING SHARES IN CAPITAL OF CHORUS BY WAY OF PRIVATE PLACEMENT FOR $6.25/SHARE.CHORUS AVIATION INC - TO USE ABOUT 60% OF INVESTMENT PROCEEDS TO BUY NINE ADDITIONAL NEW LARGER-GAUGE CRJ900 AIRCRAFT, OTHERS.  Full Article

Chorus Aviation Announces Expansion Of Leasing Arrangement With Ethiopian Airlines
Wednesday, 19 Dec 2018 

Chorus Aviation Inc ::CHORUS AVIATION ANNOUNCES EXPANSION OF LEASING ARRANGEMENT WITH ETHIOPIAN AIRLINES.CHORUS AVIATION INC - CHORUS AVIATION CAPITAL WILL LEASE AN ADDITIONAL BOMBARDIER Q400 AIRCRAFT TO ETHIOPIAN AIRLINES GROUP.  Full Article

Chorus Aviation Q2 Earnings Per Share $0.12
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Chorus Aviation Inc ::CHORUS AVIATION ANNOUNCES SOLID SECOND QUARTER EARNINGS.CHORUS AVIATION INC - QTRLY EARNINGS PER SHARE $0.12.CHORUS AVIATION INC - CAPITAL EXPENDITURES FOR 2018 ARE EXPECTED TO BE BETWEEN $44.0 MILLION AND $50.0 MILLION.CHORUS AVIATION INC - QTRLY OPERATING REVENUE $378.3 MILLION VERSUS $332.7 MILLION.  Full Article

Chorus Aviation - ‍Agreements To Purchase Two New Bombardier Q400 Aircraft And Lease Them To Ethiopian Airlines Group​
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Chorus Aviation Inc ::CHORUS AVIATION INC - ‍AGREEMENTS TO PURCHASE TWO NEW BOMBARDIER Q400 AIRCRAFT AND LEASE THEM TO ETHIOPIAN AIRLINES GROUP​.CHORUS AVIATION INC - ‍AIRCRAFT WILL BE PURCHASED NEW FROM BOMBARDIER BY A SUBSIDIARY OF CHORUS AVIATION CAPITAL​.CHORUS AVIATION INC - ‍AIRCRAFT ARE EXPECTED TO BE DELIVERED AND PLACED ON LEASE TO ETHIOPIAN AIRLINES IN DECEMBER 2017​.  Full Article

Chorus Aviation announces Q3 net income $0.64/basic share​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Chorus Aviation Inc ::Chorus Aviation announces solid third quarter 2017 earnings and grows regional aircraft leasing.Q3 adjusted net income $0.39 per basic share‍​.Q3 net income $0.64 per basic share​.Q3 earnings per share view c$0.26 -- Thomson Reuters I/B/E/S.Quarterly operating revenue $344.6 million versus $331.1 million.Q3 revenue view C$353.9 million -- Thomson Reuters I/B/E/S.Says billable block hours for 2017 expected to be 358,000-363,000 hours based on 117 covered aircraft as at Dec. 31, 2017.  Full Article