The company is in a good position to benefit from synergies among its businesses and a strong demand for regional aircraft due to rising global passenger growth.
Chorus operates a fleet comprising of 174 aircraft out of which 134 are owned by the company. By segments, regional aviation services accounted for almost 80% of 2018 operating income while regional aircraft leasing comprised of the remaining 20%.
Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2011, which is the largest regional airline in Canada and operates a larger number flights into more Canadian airports than any of its peer airline companies.
The regional aircraft leasing sector is less crowded at the moment, with little competition providing a significant growth opportunity for Chorus.
Investment Data
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