Latest news with #Gulfstream
Cision Canada
a day ago
- Business
- Cision Canada
Chorus Aviation Announces Agreement to Acquire Elisen & Associates Inc. Français
HALIFAX, NS, July 21, 2025 /CNW/ - Chorus Aviation Inc. (TSX: CHR) today announced it has entered into an agreement to acquire Elisen & Associates Inc. ("Elisen"), a leading provider of aerospace engineering and certification services based in Montreal. Founded in 1997 by Stephane Durand and Taif Rahman, Elisen has built a strong reputation for its work on complex engineering projects spanning commercial, business and rotary aircraft modifications, defence projects and sustainable aviation development. Elisen's projects include support and development work on the Airbus A220, Bell helicopters and Bombardier, Gulfstream and Lear special mission aircraft, among others. Mr. Durand and Mr. Rahman will continue to lead Elisen following the closing of the transaction. "Elisen is a leading engineering firm located at the core of Montreal's aerospace community. Acquiring Elisen will position us to grow our defence and specialized MRO capabilities by adding valuable expertise and industry relationships," said Colin Copp, President and Chief Executive Officer, Chorus. "We are delighted that Stephane and Taif will continue to lead Elisen and look forward to welcoming the entire Elisen team." "We have had expressions of interest from several companies over the years, but none provides the alignment of culture, values and strategic vision that Chorus offers," stated Elisen Co-President, Mr. Rahman. "We are excited to work with the Chorus team to pursue a broader set of opportunities together," added Elisen Co-President, Mr. Durand. The transaction is expected to close prior to the end of this year, conditional upon the completion of certain regulatory notifications and the satisfaction of other customary conditions to closing. The transaction will be paid for using available cash and is not expected to have a material impact on Chorus' consolidated revenue, earnings or balance sheet. 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 is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "will", "would", and similar terms and phrases, including negative versions thereof. All information and statements other than statements of historical fact are forward-looking and by their nature, are based on various underlying assumptions and expectations that are subject to known and unknown risks, uncertainties and other factors that may cause actual future results, performance or achievements to differ materially from those indicated in the forward-looking information. As a result, there can be no assurance that the forward-looking information included in this news release will prove to be accurate or correct. Examples of forward-looking information in this news release include statements and expectations regarding the expected closing of the transaction and the anticipated benefits of the transaction to Chorus. Actual results may differ materially from those anticipated in forward-looking information for a number of reasons including: the failure to satisfy any of the conditions precedent to the closing of the transaction; the impact of the transaction on Elisen's relationships with employees, customers and suppliers; changes in the aviation industry and general economic conditions; and the risk factors described in Chorus' 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
Web Release
15-07-2025
- Business
- Web Release
Falcon Welcomes Its First Gulfstream: The Iconic G450
A new chapter begins at Falcon. The aviation division of Alex Group Investment has officially welcomed the iconic Gulfstream G450 into its fleet, a clear step forward in offering clients more range, more comfort, and an even better private jet experience. The G450 joins Falcon Luxe's first-ever Gulfstream as part of a broader strategy to focus on long-range, large-cabin aircraft that meet the evolving needs of today's global travellers. Falcon recently retired its Dassault 2000 EX, making room for a new generation of long-range aircraft. Why Gulfstream? Because it's a name that resonates. The Gulfstream range are the star of the skies, one of the most admired and requested private jets in the world. It's the kind of aircraft people recognize and appreciate for comfort and performance. Its round windows are one of Gulfstream's most famous design features. They fill the cabin with natural light, offer amazing views while flying, and are often used by travellers and influencers to take beautiful photos during the flight. The Gulfstream G450 makes long flights feel easy. Its smooth performance and quiet cabin turn hours in the air into a calm, comfortable journey. With non-stop range from Dubai to Zurich, Maldives, Seychelles, or Moscow, it's built for travellers who value both distance and peace of mind. Mr. Sultan Rashit Abdulla Rashit Al Shene, Founder & Chairman of Alex Group Investment, shared his thoughts on this exciting addition: 'We listen closely to what our clients want, their preferences guide everything we do. The arrival of the Gulfstream G450 is our way to show that we are always one step ahead in meeting their expectations. This is our gift to them, a promise that with Falcon Luxe, they have everything they need in the sky.'
Business Upturn
14-07-2025
- Business
- Business Upturn
Falcon Welcomes Its First Gulfstream: The Iconic G450
DUBAI, United Arab Emirates, July 14, 2025 (GLOBE NEWSWIRE) — A new chapter begins at Falcon. The aviation division of Alex Group Investment has officially welcomed the iconic Gulfstream G450 into its fleet, a clear step forward in offering clients more range, more comfort, and an even better private jet experience. The G450 joins Falcon Luxe's first-ever Gulfstream as part of a broader strategy to focus on long-range, large-cabin aircraft that meet the evolving needs of today's global travellers. Falcon recently retired its Dassault 2000 EX, making room for a new generation of long-range aircraft. Why Gulfstream? Because it's a name that resonates. The Gulfstream range are the star of the skies, one of the most admired and requested private jets in the world. It's the kind of aircraft people recognize and appreciate for comfort and performance. Its round windows are one of Gulfstream's most famous design features. They fill the cabin with natural light, offer amazing views while flying, and are often used by travellers and influencers to take beautiful photos during the flight. The Gulfstream G450 makes long flights feel easy. Its smooth performance and quiet cabin turn hours in the air into a calm, comfortable journey. With non-stop range from Dubai to Zurich, Maldives, Seychelles, or Moscow, it's built for travellers who value both distance and peace of mind. Mr. Sultan Rashit Abdulla Rashit Al Shene, Founder & Chairman of Alex Group Investment, shared his thoughts on this exciting addition: 'We listen closely to what our clients want, their preferences guide everything we do. The arrival of the Gulfstream G450 is our way to show that we are always one step ahead in meeting their expectations. This is our gift to them, a promise that with Falcon Luxe, they have everything they need in the sky.' About Falcon Falcon is a premier aviation service provider, offering a one-stop-shop for all your aviation needs. Discover more at Instagram and LinkedIn Media Inquiries Ines NacerddineDirector of Marketing – AviationAlex Group Investment Email: [email protected]
Yahoo
18-06-2025
- Business
- Yahoo
United Way of Coastal Empire raised $9 million for region during 2025 campaign
The United Way of the Coastal Empire (UWCE) announced at a celebration on Tuesday evening that it had raised $9 million through its 2024-25 campaign. Nearly $5 million of that amount will be directed to the United Way's Community Fund, which, in part, channels resources back into the five-county service region by supporting nonprofits that provide services, such as affordable childcare, stable housing and financial empowerment for families. Another nearly $3 million will go towards grants, disaster relief funds and more. 'United Way's mission, as many of us know, is to improve lives by mobilizing the caring power of the community,' said UWCE CEO Kimberly Waller during the ceremony held at the Peregrin rooftop bar at the Perry Lane Hotel. 'And we do that by providing a strong safety net for the most vulnerable and creating pathways for upward mobility.' Three Savannah-based corporate donors―Gulfstream Aerospace, Colonial Group and Georgia Ports Authority― contributed more than half a million dollars each to the campaign. Gulfstream alone raised $1 million. 'After storms hit our area this past year, Gulfstream stepped up in a big way when we needed them most,' Waller said. Following the three storms last fall, UWCE activated its Rapid Response Disaster Fund, which, with $1 million in donations, helped provide hot meals to 3,700 people in need. 'This has been an incredible experience, and I'm deeply grateful for everyone who contributed to the success of this year's campaign,' said Yancey Ford, the 2025 campaign chair and Effingham County Schools Superintendent. UWCE kicked off its campaign in September 2024 with several performances from regional high school bands. The annual Turkey Trot, held on the morning of Thanksgiving, broke the event's record by raising more than $50,000 for the community fund. In March, the annual Women Who Rule campaign netted more than $105,000 for the Women United Transportation Fund, more than 25% of that sum was raised during a luncheon—a record-breaking amount that was collected through donations from people in the room. Ansley Franco is a general assignment reporter for the Savannah Morning News. You can reach her at AFranco@ This article originally appeared on Savannah Morning News: United Way of the Coastal Empire raises millions in fundraising campaign
Glasgow Times
18-06-2025
- Sport
- Glasgow Times
Bell backing Spicy Marg to pack Ascot punch
The Starspangledbanner filly sparkled on her racecourse debut, coming home two and three-quarter lengths clear at Newmarket on Guineas weekend and Bell is delighted with preparations and the draw in Berkshire. Spicy Marg will be partnered by Kieran Shoemark, and Bell said: 'She's all locked and loaded and we're very happy with her well-being. 'It (the draw) looks good, we've got Staya on our inside and all the major players seem to be drawn between eight and 15, so I think they're all in our sights so I'm very happy with the draw. 'It is a step up but the clock seems to say that she deserves to be in the race and she looks smart at home, so we'll see what happens on the day.' The Karl Burke-trained Zelaina is another who made an impressive debut when scooting home by the same winning margin as Spicy Marg at Nottingham. Richard Brown, racing adviser to owners Wathnan, said: 'We were delighted with Nottingham and we were excited the day we bought her, we were excited when we heard the reports from Karl, but she had had an interrupted prep going into Nottingham. 'She had banged a knee and she had missed 10 days so was definitely undercooked going there. 'We definitely think there is more improvement to come and she was very impressive. You have to be really excited about her and she's definitely one of the big hopes of the week. 'It's a Queen Mary and lots of people are thinking they have a big hope, but we think we do and we just need that bit of luck. They will be spread across the track and it will be a big field and fingers crossed she can do the job as she's a filly we're really excited about.' American runner Lennilu puts her unbeaten record on the line after winning on the dirt at Keeneland and following it up with a turf victory at Gulfstream Park. Trainer Patrick Biancone, who began his career in France when he sent out back-to-back Arc winners in All Along and Sagace, is happy with preparations and reported his filly was unfazed by the trip from America. He said: 'She won her maiden easily. We then decided to train her hopefully for the Queen Mary and we won the prep race that was sponsored by Gulfstream. She won that easily too. We were expecting her to run well there, but expecting it is one thing, doing it is another. 'She travelled very well. She's walking around well now, she slept really well. We knew she'd travel well because when she ran in Keeneland she had to go 17 hours there and 17 more to come back and she took it very well. 'Ascot is a special place for every trainer in the world, especially the Royal meeting. I've been lucky in my life to have good horses and she's one of them. We're very happy.' Aidan O'Brien will be represented by True Love, while other major players include Ralph Beckett's Society Kiss and George Scott's Staya in a field of 25.
