Home > Investor Relations. Chorus' vision is to deliver regional aviation to the world. Reports. Stock Information.
All pending acquisitions and lease commitments are subject to satisfaction of customary conditions precedent to closing.As of May 14, 2020, there were 64 committed aircraft in the Regional Aircraft Leasing segment. Careers; Home > Investors > Stock Information.
As such, these measures are not recognized for financial statement presentation under GAAP, do not have a standardized meaning, and are therefore not likely to be comparable to similar measures presented by other public entities.A reconciliation of these non-GAAP measures to their nearest GAAP measure is provided in the MD&A dated Adjusted net income and Adjusted net income per Share are used by Chorus to assess performance without the effects of unrealized foreign exchange gains or losses on long-term debt and lease liability related to aircraft, signing bonuses, employee separation program costs and strategic advisory fees.
Chorus Aviation Inc. ('Chorus') (TSX: CHR) is proud to announce that its subsidiary, Jazz Aviation LP ('Jazz'), is a recipient of the 2019 Outstanding Commitment to Employment Equity award. Jazz applied for the In accordance with the CPA, the fixed margin does not vary with the number of aircraft and is fixed for 2020 based on agreed annual amounts.Chorus estimates the Controllable Cost Guardrail receivable from Air Canada under the CPA could increase between Due to the shutdown of its production line, Bombardier notified Chorus of a delay in the production of its order of nine CRJ900s that were originally scheduled for delivery in 2020.
The report establishes a starting point for Chorus. Management believes adjusted EBT assists investors in comparing Chorus' performance by excluding items, which it does not believe will reoccur over the longer-term (such as signing bonuses, employee separation program costs and strategic advisory fees) as well, as items that are non-cash in nature such as foreign exchange gains and losses.EBITDA is defined as earnings before net interest expense, income taxes, and depreciation and amortization and is a non-GAAP financial measure that is used frequently by companies in the aviation industry as a measure of performance. The company will continue to build on this momentum and to improve upon its commitments to be an exemplary corporate citizen and an employer of choice. Legal - Privacy Chorus uses certain non-GAAP financial measures, described below, to evaluate and assess performance. Highlights.
Chorus’ vision is to deliver regional aviation to the world. Highlights. Due to the impact of COVID-19 on the airline industry, three of these committed aircraft which were previously planned for 2020 have been delayed. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including a prolonged duration of the COVID-19 outbreak and/or further restrictive measures to contain its spread, the evolving impact of COVID-19 on Chorus' contractual counterparties, changes in aviation industry and general economic conditions, the emergence of other epidemic diseases, the continued payment (in whole or in part) of amounts due under the CPA, the failure to successfully refinance existing unencumbered aircraft on the terms currently contemplated or at all, the delay or non-delivery of nine new CRJ900 aircraft to Chorus for operation and lease under the CPA, as well as the risk factors identified in Chorus' Annual Information Form dated February 12, 2020 and in Chorus' public disclosure record available at Chorus is a global provider of integrated regional aviation solutions.
Management believes Adjusted EBITDA assists investors in comparing Chorus' performance by excluding items, which it does not believe will re-occur over the longer-term (such as signing bonuses, employee separation program costs and strategic advisory fees) as well as items that are non-cash in nature such as foreign exchange gains and losses. Contact Us.
Reports. The Regional Aircraft Leasing segment provides aircraft leasing to third-party air operators through its subsidiary Chorus Aviation Capital. Quality. The Regional Aviation Services segment includes contract flying operations; aircraft leasing under the capacity purchase agreement; and maintenance, repair, overhaul, part sales, and technical services. About Us. News. Ethics and Integrity. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2011 and has established Chorus Aviation Capital Corp. to become a leading, global provider of regional aircraft leases. HALIFAX, May 14, 2020 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) today announced first quarter 2020 financial results and measures to further strengthen the organization. Investor Relations.
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