Latest news with #ChorusAviationInc
Winnipeg Free Press
4 days ago
- Business
- Winnipeg Free Press
Chorus Aviation sees $32.4 million profit in Q2, operating revenue $324.6 million
HALIFAX – Chorus Aviation Inc. says its latest quarter delivered a $32.4 million profit. The Halifax-based company says the second-quarter figure compares with a net loss of $180.6 million a year earlier. Operating revenue totalled $324.6 million, down from $351.2 million in the three months ended June 30. On an adjusted basis, Chorus says it earned $17.2 million compared with $10.8 million a year earlier. The company says its leverage ratio — net debt divided by its trailing 12-month adjusted earnings before interest, taxes, depreciation and amortization — ended the quarter at 1.5 compared with 1.4 at the end of 2024. Chorus leases planes around the world while providing regional service for Air Canada through its Jazz Aviation subsidiary. Wednesdays What's next in arts, life and pop culture. This report by The Canadian Press was first published Aug. 6, 2025. Companies in this story: (TSX:CHR)
Cision Canada
4 days ago
- Business
- Cision Canada
Chorus Announces Redemption of its Remaining 6.00% Convertible Senior Unsecured Debentures due June 30, 2026 Français
HALIFAX, NS, Aug. 5, 2025 /CNW/ - Chorus Aviation Inc. (TSX: CHR) (" Chorus") announced today that it will redeem on September 30, 2025 (the " Redemption Date") all of its remaining 6.00% convertible senior unsecured debentures due June 30, 2026 (" Series B Debentures") in accordance with the terms of the indenture dated April 6, 2021 between Chorus and Computershare Trust Company of Canada (the " Trustee"), as amended by a supplemental indenture thereto (collectively, the " Indenture"), pursuant to which the Series B Debentures were issued (the " Redemption"). The Series B Debentures are listed on the Toronto Stock Exchange under the symbol " On the Redemption Date, holders of Series B Debentures will (unless converted prior to the Redemption Date in accordance with the Indenture) receive approximately $1,015 for each $1,000 principal amount of Series B Debentures, representing their principal amount, plus all accrued and unpaid interest thereon to but excluding the Redemption Date. The Series B Debentures will cease to bear interest from and after the Redemption Date. Formal notice of the Redemption is being delivered today to the Trustee and holders of the Series B Debentures in accordance with the terms of the Indenture. Holders of Series B Debentures have the right, by giving a conversion notice and all necessary documentation to the Trustee by no later than 5:00 p.m. (Toronto time) on September 8, 2025, to elect to convert their Series B Debentures into Class A Variable Voting Shares or Class B Voting Shares of Chorus at the conversion price in effect on the date of conversion in accordance with the terms of the Indenture. In circumstances where Series B Debentures are held through a broker or other financial institution, the broker or financial institution should be contacted well in advance of the conversion deadline to ensure sufficient time to comply with the conversion process and internal deadlines set by their broker or financial institution. No action is required to be taken by holders who wish to have their Series B Debentures redeemed in cash. The aggregate principal amount of Series B Debentures outstanding as of the date hereof is $28,727,000. Chorus will use cash on hand to fund the Redemption. Forward-Looking Information This news release contains forward-looking information and statements within the meaning of applicable securities laws (collectively, " forward-looking information"). Forward-looking information may be identified by the use of terms such as "believes", "expects", "anticipates", "assumes", "outlook", "plans", "targets", "could", "intend", "may", "project" or other similar terms and phrases, including negative versions thereof, although not all forward-looking information contains these identifying words. Examples of forward-looking information in this news release include statements and expectations regarding the Redemption. Actual results could differ materially from those described in forward-looking information due to known or unknown risks, including, but not limited to, the risk factors described in Chorus' most recent Annual Information Form, Management's Discussion and Analysis and public disclosure record available under Chorus' profile on SEDAR+ at The forward-looking information contained in this news release represents Chorus' expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and is subject to change after such date. Chorus disclaims any intention or obligation to update or revise any forward-looking information as a result of new information, subsequent events or otherwise, except as required by applicable securities laws. Readers are cautioned that the foregoing factors and risks are not exhaustive. About Chorus Aviation Inc. Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus' subsidiaries provide services that encompass every stage of an aircraft's lifecycle, including: contract flying, aircraft refurbishment, engineering, modification, repurposing and transition; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. Chorus' 6.00% Convertible Senior Unsecured Debentures due June 30, 2026 and 5.75% Senior Unsecured Debentures due June 30, 2027 trade on the Toronto Stock Exchange under the trading symbols ' and ' respectively. For further information on Chorus, please visit
Cision Canada
04-07-2025
- Business
- Cision Canada
Advisory - Chorus Aviation Inc. to Present Second Quarter 2025 Financial Results on August 6, 2025 Français
HALIFAX, NS, July 4, 2025 /CNW/ - Chorus Aviation Inc. ("Chorus") (TSX: CHR) will present the company's second quarter 2025 financial results on Wednesday, August 6, 2025. Details are as follows: Q2 2025 EARNINGS CONFERENCE CALL Colin Copp, President and Chief Executive Officer, and Gary Osborne, Chief Financial Officer, will present second quarter results and will be available for analysts' questions. Media may access this call on a listen-in basis. Date: Wednesday, August 6, 2025 Time: 10:00 A.M. AT / 9:00 A.M. ET By telephone: To join the conference call without operator assistance, you may register and enter your phone number at to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator at 1-888-699-1199. Please allow 10 minutes to be connected to the conference call via this method. By audio webcast:
Cision Canada
15-05-2025
- Business
- Cision Canada
Chorus Aviation Announces Receipt of Exemptive Relief in Connection with Substantial Issuer Bid Français
HALIFAX, NS, May 15, 2025 /CNW/ - Chorus Aviation Inc. (TSX: CHR) (" Chorus" or the " Company") announced today that, in connection with the Company's ongoing substantial issuer bid (the " Offer"), pursuant to which the Company has offered to purchase up to $25 million in value of its Class A Variable Voting Shares and Class B Voting Shares (collectively, the " Shares") pursuant to a "modified Dutch auction", the Nova Scotia Securities Commission, as principal regulator, has granted an exemptive relief order permitting Chorus to extend the Offer, if it determines to do so, in circumstances where the Offer is undersubscribed, without first taking up its Shares previously deposited to the Offer. The terms of the Offer are described in the Company's press releases dated April 7, 2025 and April 14, 2025. At this time, the board of directors of Chorus has not made any determination with respect to an extension of the Offer and the expiration date of the Offer remains 5:00 p.m. (Toronto time) on May 20, 2025 (the " Expiration Date"). In the event the Offer is extended, the Company will provide a further news release disclosing the details of such extension. Details of the Offer, including instructions for tendering Shares to the Offer, are described in the offer to purchase and issuer bid circular, letter of transmittal and notice of guaranteed delivery (collectively, the " Offer Documents"). This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Shares. The solicitation and the offer to buy Shares will only be made pursuant to the Offer Documents. Shareholders are encouraged to review the full terms and conditions of the Offer, including instructions for tendering Shares to the Offer, which are described in the Offer Documents, copies of which were filed with the applicable Canadian Securities Administrators on SEDAR+ at and posted on Chorus' website at Any questions or requests for information regarding the Offer should be directed to TSX Trust Company, as the depositary, at 301-100 Adelaide Street West, Toronto, Ontario M5H4H1, Tel: 1-416-682-3860, Toll Free: 1-800-387-0825, email: [email protected], or Scotia Capital Inc., as the dealer manager, at 40 Temperance Street, 6 th Floor, Toronto, Ontario M5H1Y4, email: [email protected]. About Chorus Aviation Inc. Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus' subsidiaries provide services that encompass every stage of an aircraft's lifecycle, including: contract flying, aircraft refurbishment, engineering, modification, repurposing and transition; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. Chorus' 6.00% Convertible Senior Unsecured Debentures due June 30, 2026 and 5.75% Senior Unsecured Debentures due June 30, 2027 trade on the Toronto Stock Exchange under the trading symbols ' and ' respectively. For further information on Chorus, please visit w Forward-Looking Information This news release contains forward-looking information and statements within the meaning of applicable securities laws (collectively, " forward-looking information"). Examples of forward-looking information in this news release include statements and expectations regarding the Offer. Forward-looking information involves significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the timing, completion and announcement of the results of the Offer, the Company's intentions and expectations with respect to the Offer, the terms and conditions of the Offer, the number and aggregate dollar amount of Shares to be purchased for cancellation under the Offer and the anticipated effects and benefits of the Offer. Actual results could differ materially from those described in forward-looking information due to known or unknown risks, including, but not limited to, the failure of any condition to the Offer; Chorus' inability to finance the Offer in the manner it intends; the extent to which Shareholders elect to tender their Shares under the Offer; Chorus' having sufficient financial resources and working capital following completion of the Offer (including to fund its currently anticipated financial obligations and pursue desirable business opportunities); the Offer being completed later than the second quarter of 2025 and the risk factors described in Chorus' public disclosure record available under Chorus' profile on SEDAR+ at and many other factors beyond the control of Chorus. The forward-looking information contained in this news release represents Chorus' expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and is subject to change after such date. Chorus disclaims any intention or obligation to update or revise any forward-looking information as a result of new information, subsequent events or otherwise, except as required by applicable securities laws. Readers are cautioned that the foregoing factors and risks are not exhaustive.
Yahoo
15-05-2025
- Business
- Yahoo
Chorus Aviation Announces Receipt of Exemptive Relief in Connection with Substantial Issuer Bid
HALIFAX, NS, May 15, 2025 /CNW/ - Chorus Aviation Inc. (TSX: CHR) ("Chorus" or the "Company") announced today that, in connection with the Company's ongoing substantial issuer bid (the "Offer"), pursuant to which the Company has offered to purchase up to $25 million in value of its Class A Variable Voting Shares and Class B Voting Shares (collectively, the "Shares") pursuant to a "modified Dutch auction", the Nova Scotia Securities Commission, as principal regulator, has granted an exemptive relief order permitting Chorus to extend the Offer, if it determines to do so, in circumstances where the Offer is undersubscribed, without first taking up its Shares previously deposited to the Offer. The terms of the Offer are described in the Company's press releases dated April 7, 2025 and April 14, 2025. At this time, the board of directors of Chorus has not made any determination with respect to an extension of the Offer and the expiration date of the Offer remains 5:00 p.m. (Toronto time) on May 20, 2025 (the "Expiration Date"). In the event the Offer is extended, the Company will provide a further news release disclosing the details of such extension. Details of the Offer, including instructions for tendering Shares to the Offer, are described in the offer to purchase and issuer bid circular, letter of transmittal and notice of guaranteed delivery (collectively, the "Offer Documents"). This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Shares. The solicitation and the offer to buy Shares will only be made pursuant to the Offer Documents. Shareholders are encouraged to review the full terms and conditions of the Offer, including instructions for tendering Shares to the Offer, which are described in the Offer Documents, copies of which were filed with the applicable Canadian Securities Administrators on SEDAR+ at and posted on Chorus' website at Any questions or requests for information regarding the Offer should be directed to TSX Trust Company, as the depositary, at 301-100 Adelaide Street West, Toronto, Ontario M5H4H1, Tel: 1-416-682-3860, Toll Free: 1-800-387-0825, email: shareholderinquiries@ or Scotia Capital Inc., as the dealer manager, at 40 Temperance Street, 6th Floor, Toronto, Ontario M5H1Y4, email: chorussib@ About Chorus Aviation Inc. Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus' subsidiaries provide services that encompass every stage of an aircraft's lifecycle, including: contract flying, aircraft refurbishment, engineering, modification, repurposing and transition; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. Chorus' 6.00% Convertible Senior Unsecured Debentures due June 30, 2026 and 5.75% Senior Unsecured Debentures due June 30, 2027 trade on the Toronto Stock Exchange under the trading symbols ' and ' respectively. For further information on Chorus, please visit Forward-Looking Information This news release contains forward-looking information and statements within the meaning of applicable securities laws (collectively, "forward-looking information"). Examples of forward-looking information in this news release include statements and expectations regarding the Offer. Forward-looking information involves significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the timing, completion and announcement of the results of the Offer, the Company's intentions and expectations with respect to the Offer, the terms and conditions of the Offer, the number and aggregate dollar amount of Shares to be purchased for cancellation under the Offer and the anticipated effects and benefits of the Offer. Actual results could differ materially from those described in forward-looking information due to known or unknown risks, including, but not limited to, the failure of any condition to the Offer; Chorus' inability to finance the Offer in the manner it intends; the extent to which Shareholders elect to tender their Shares under the Offer; Chorus' having sufficient financial resources and working capital following completion of the Offer (including to fund its currently anticipated financial obligations and pursue desirable business opportunities); the Offer being completed later than the second quarter of 2025 and the risk factors described in Chorus' public disclosure record available under Chorus' profile on SEDAR+ at and many other factors beyond the control of Chorus. The forward-looking information contained in this news release represents Chorus' expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and is subject to change after such date. Chorus disclaims any intention or obligation to update or revise any forward-looking information as a result of new information, subsequent events or otherwise, except as required by applicable securities laws. Readers are cautioned that the foregoing factors and risks are not exhaustive. SOURCE Chorus Aviation Inc. View original content: Sign in to access your portfolio
