|Bid||7.55 x 0|
|Ask||7.59 x 0|
|Day's Range||7.52 - 7.62|
|52 Week Range||4.54 - 8.79|
|Beta (3Y Monthly)||1.89|
|PE Ratio (TTM)||12.12|
|Earnings Date||Feb 22, 2019|
|Forward Dividend & Yield||0.48 (6.41%)|
|1y Target Est||9.44|
HALIFAX , Feb. 21, 2019 /CNW/ - Chorus Aviation Inc. ('Chorus') (CHR.TO) announced today an agreement by Chorus Aviation Capital to acquire a portfolio of six aircraft with leases attached. The portfolio consists of two ATR72-600s on lease to Azul of Brazil , and four Q400s on lease to two other existing customers of Chorus Aviation Capital. With these acquisitions, Chorus' suite of leased regional aircraft (inclusive of nine transactions pending completion) has reached 40 aircraft, comprising 28 turboprops and 12 regional jets valued at approximately US $850 million . The acquisitions of the aircraft on lease to Azul have been completed.
Prior to the CTA amendments, no more than 25% of the voting interests of a Canadian air carrier could be owned or controlled by non-Canadians. The Government of Canada's stated purpose in implementing the CTA amendments is to attract more foreign investment and encourage growth in the aviation sector by increasing, from 25% to 49%, the permitted level of foreign ownership of Canadian air carriers. At the same time, the CTA amendments introduced two new limitations on voting ownership and control, by capping the voting rights of single non-Canadians and of the aggregate of non-Canadian air carriers at 25%.
HALIFAX , Feb. 6, 2019 /CNW/ - Chorus Aviation Inc. ('Chorus') (CHR.TO) today announced that it has entered into a firm purchase agreement with Bombardier Commercial Aircraft to acquire nine CRJ900 regional jet aircraft. "The addition of these new CRJ900 aircraft is a significant step in modernizing the Jazz fleet with larger aircraft while supporting the continued growth of our leasing revenue," said Joseph Randell , President and Chief Executive Officer, Chorus. "We are delighted that Chorus and Jazz have chosen Bombardier products for the growth and renewal of their fleet.
Air Canada and Chorus Aviation Finalize Amended and Extended Capacity Purchase Agreement for Jazz Regional Flying
HALIFAX , Jan. 31, 2019 /CNW/ - Chorus Aviation Inc. ('Chorus') (CHR.TO) announced today that pilots of its subsidiary, Jazz Aviation LP ('Jazz'), have ratified the amendments to their collective agreement which was tentatively agreed on January 14 , 2019. The Air Lines Pilots Association, International ('ALPA') represents Jazz's pilots based in Vancouver , Calgary , Toronto and Montreal . "We are very pleased to have finalized an amended collective agreement with our pilots," said Colin Copp , President, Jazz Aviation . "This long-term agreement takes us out to December 31, 2035 and demonstrates our ability to work together for a common goal of continued success for Jazz.
Advisory - Chorus Aviation Inc. to Present Fourth Quarter and Year-End 2018 Financial Results
Chorus Aviation Secures US $300 Million Financing Facility to Support the Growth of its Regional Aircraft Leasing Business
HALIFAX , Jan. 18, 2019 /CNW/ - Chorus Aviation Inc. ('Chorus') (CHR.TO) is proud to announce that its subsidiary, Jazz Aviation LP ('Jazz'), was named one of Canada's Top Employers for Young People for the seventh year. "Jazz is honoured to continuously be ranked among the Top Employers for Young People in Canada ," said Colin Copp , President, Jazz. "Bringing young people with new and innovative ideas into our company is vital to our growth.
Advisory - Chorus Aviation Inc. to Participate at the CIBC 22nd Annual Whistler Institutional Investor Conference
In 2001 Joe Randell was appointed CEO of Chorus Aviation Inc. (TSE:CHR). First, this article will compare CEO compensation with compensation at similar sized companies. After that, we will consider Read More...
Capacity Purchase Agreement ("CPA") to be amended and extended by an additional 10 years ending December 31, 2035 , securing Jazz's place in Air Canada's regional network for the next 17 years. Chorus expects to continue to generate cash flow to support its current dividend.
HALIFAX , Dec. 19, 2018 /CNW/ - Chorus Aviation Inc. ('Chorus') (CHR.TO) announced today that Chorus Aviation Capital ('CAC') will lease an additional Bombardier Q400 aircraft to Ethiopian Airlines Group ('Ethiopian Airlines'). In December of 2017, CAC leased two new Q400 aircraft to Ethiopian Airlines. This additional lease agreement, as announced today, is for a third new Q400 aircraft which is scheduled to be delivered to Ethiopian Airlines this month.
NEW YORK, NY / ACCESSWIRE / December 11, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
Advisory - Chorus Aviation Inc. to conduct overview of proposed format for segmented financial reporting
Over the past 10 years Chorus Aviation Inc (TSE:CHR) has been paying dividends to shareholders. The stock currently pays out a dividend yield of 6.7%, and has a market cap Read More...