Chorus Aviation Inc (TSX:CHR)Technology
Chorus Aviation Inc is an integrated aviation company domiciled in Nova Scotia, Canada.
Chorus Aviation specializes in providing full-support services to the regional aviation sector that spans the life cycle of the aircraft, including:
• acquisition of aircraft
• leasing of aircraft
• maintenance, disassembling, parts servicing
• refurbishments, engineering, modification, repurposing, and preparation of aircraft
• contractual flying
• aircraft component
The integrated company operates under two core business segments: aviation service and aircraft leasing.
The leasing portfolio comprises a fleet of various regional aircrafts, including 82 De Havilland Dash 8, 23 ATR, 20 Bombardier CRJ, six Embraer, and five Airbus A220.
The company provides contractual flying and specialized services for capacity purchase agreements, ACMI (Aircraft, Crew, Maintenance, and Insurance), aeromedical, special mission operations, and transportation, including cargo or freight.
The segment caters to the following aircrafts:
• Bombardier: CRJ 900 and CRJ 200
• De Havilland: Dash 8-400, Dash 8-300, Dash 8-100 and Dash 8-100 Package Freighter
• Beechcraft: King Air 200
Chorus Aviation primarily operates through a platform of following companies:
Chorus Aviation Capital: It is an international provider of financial solutions for regional aircraft
Voyageur Aviation: The company provides technical leasing support for aircraft.
Voyageur Airways: It is a licensed aircraft that provides aeromedical, ACMI contract operations, special mission aircraft and charter services.
In April 2021, its wholly owned subsidiary, Voyageur Aviation Corp, inked a three-year contract with Transport Canada to modify and upgrade its National Aerial Surveillance Program’s fleet with new surveillance equipment. The fleet comprises a Dash 7 and three Dash 8-100 aircraft.
In May 2021, the subsidiary partnered with General Dynamics Mission Systems-Canada and received in-service-support contract from Canadian Armed Forces (CAF) to deliver manned airborne intelligence surveillance and reconnaissance services. The contract is initially valid for eight years, which can be extended further for twenty years, the company claims. In addition, it will reportedly provide services for its latest fleet of three Beechcraft King Air 350ERs and the associated mission systems.
The company is listed on TSX under the quote of ‘CHR’. In addition, its 6.00% senior debentures trade under ticker ‘CHR.DB’, 5.75% senior unsecured debentures under symbol ‘CHR.DB.A’ and 6.00% convertible senior unsecured debentures under ‘CHR.DB.B’ on the Toronto Stock Exchange.
3 Spectacle Lake Drive, Suite 100 Dartmouth, Nova Scotia B3B 1W8 CANADA
1 (902) 873-500