Chorus Aviation Inc. (CHR.TO)
Chorus Aviation Inc. operates in the Airlines, Airports & Air Services industry of the Industrials sector, headquartered in Dartmouth, NS, CA. The stock last traded at $29.89, up 0.40% on the session, giving a market capitalisation of $686.9M. Its beta of 1.58 implies it has historically moved more than the broad market.
Chorus Aviation Inc. delivers a broad spectrum of aviation support functionalities across the United States and Canada. The company's operations are divided into two primary divisions: Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment encompasses the entirety of regional aviation, providing contract flight services such as Aircraft, Crew, Maintenance, and Insurance (ACMI) and charter flights, alongside aircraft rental, maintenance, repair, and overhaul (MRO), component sales, and technical assistance. Meanwhile, the Regional Aircraft Leasing division specializes in renting out aircraft to independent air operators. As of December 31, 2021, this leasing portfolio comprised 62 aircraft, with 56 of them actively leased to airline customers. This leased fleet notably included 23 Dash 8-400s, 18 ATR72-600s, 4 CRJ1000s, 4 E190s, 2 E195s, and 5 A220-300s. Founded in 2010 and headquartered in Dartmouth, Canada, Chorus Aviation Inc. transitioned to its current name in January 2011, having previously operated as Jazz Air Income Fund.
Chorus Aviation Inc. is most often compared with the following Industrials names: