Find out more on our, This website collects electronic data from you using Google Analytics which employs first-party cookies and other identifiers to measure where our site visitors come from in the world, when and how you visit the site, how long you use it, and what you look at while you are here. Chorus provides a full suite of regional aviation support services that encompasses every stage of an aircraft’s lifecycle, including: aircraft acquisitions and leasing; aircraft refurbishment, engineering, modification, repurposing and preparation; contract flying; aircraft and component maintenance, disassembly, and parts provisioning. MTZjYjBkMGJiN2RkZDg1YjYifQ== After payment of the March 2020 Dividend, no further dividends will be paid until further notice and the dividend reinvestment program (‘DRIP’) will also be suspended. {* legalAcceptanceAcceptButton *}, {* backButton *} While we expect the industry, and especially the regional aviation sector, to recover in time, these deferrals will increase Chorus’ trade receivable balance in the near term. Photo: NASA, Boeing reports Q2 2019, with revenue dropping 35% and commercial aircraft deliveries dropping 54% relative to Q2 2018, as it takes a US$5.6B charge because of the 737 MAX grounding. {* forgotPassword_sendButton *}, {* backButton *} The full extent of the duration and therefore impact of this pandemic are unknown. | It is mandatory to procure user consent prior to running these cookies on your website. Chorus Aviation (CHR) a annoncé lundi la mise à pied temporaire d’employés, la suspension de son dividende et la réduction des salaires de ses dirigeants en réaction à la pandémie de COVID-19. As such, Chorus expects a corresponding delay in anticipated leasing revenue under the CPA for these aircraft. Required fields are marked *, This week, astronauts on board the @Space_Station will use #Canadarm2 to perform a “cosmic catch” – capturing a @SpaceX Dragon cargo vehicle and berthing it to the Station. The company will also suspend its dividend following its regular monthly payment to shareholders of four cents per share on April 17 in an effort to preserve cash and help strengthen its balance sheet. NGRhNTE4NzhkMDJlNDU2NjU3YWExM2E3YzExOGUxYWUyYTM1N2M0YTkyMTM2 YTI4M2UxZjFiZWRmYjk4ZTI0ODA1YmIwMTQ3ZDA4ZGNkZTZkNzg1ZDQxMWYw Alek Minassian's murder trial for carrying out Toronto van attack resumes, TCDSB votes to sanction trustee Michael Del Grande for breaching Code of Conduct, Military deployment in long-term care homes called 'traumatic', Elderly man struck and killed by vehicle in Brampton, Community groups want stronger COVID messaging for diverse GTA, 29 residents of Toronto long-term care home died in latest COVID-19 outbreak, Manitoba hunkering down for 2nd time to fight spread of COVID-19, Full details of van attack recounted at start of Minassian trial this week, Quebec plans to add in vitro fertilization to government-funded health services, New veterans ombudsman appointed on Remembrance Day, Residents want gathering spot in historic Quebec City district named for sword victim, Senators set to question Freeland on bill to provide new rent relief, business aid, Frustration grows as more flu shot appointments get cancelled, Study suggests Ontario could avoid hundreds of hep B infections with newborn vaccine, How to keep the Halloween spirit alive under COVID-19 restrictions, iPhone 12, Pro review: Apple proves you don’t need flashy gimmicks in a flagship device, 1 in 4 Canadians say their mental health is worse than during first COVID-19 wave, Toronto releases COVID-19 data revealing where the virus could be headed, What's open and closed in Toronto this Thanksgiving weekend, Toronto top doctor says multiple weddings led to 22 COVID-19 infections, 'Hamilton' a record-breaking hit before box office even opened: Mirvish, Nov. 11: NFL Week 10 and Cy Young Winners, NHL celebrates Hockey Fights Cancer this November | NHL Chatroom, Breaking down what the NHL might look like in 2021 | NHL Chatroom, 'The Good Doctor' star says filming continues after two actors contract COVID-19, Review: Lambchop continues to revel in alt-lounge country, Review: Winslet finds passion among the rocks in ‘Ammonite’, James Duthie shares some of hockey's greatest untold stories in 'Beauties'. In addition, the company says chief executive Joe Randell will forgo 70 per cent of his salary and members of the executive team will forgo up to 50 per cent of their salary. "Our industry is facing its worst crisis in history,” said president … #Repost The Company is also in the process of raising approximately US$30 to US$50 million in financing to be secured by up to four unencumbered aircraft. OGVlNWJhYzU2NjQ5ZGJiNWFkYmUzNzE1NDQ3Yzk0OGU4YzJjOTczNDA5YTM2 The Company’s Voyageur subsidiary, which represents less than 10% of Chorus’ consolidated revenue and net income, is engaged in specialty contract flying, primarily for international organizations engaged in humanitarian missions, and specialty maintenance, repair, overhaul (‘MRO’) and parts sales. The company, which operates regional aircraft for Air Canada, said its main customer and partner has slashed its … Chorus Aviation is trading at a yield of 6.1%. The duration and impact of this crisis are unknown. MjliZWMzODhmNzRiOWFmNDQzYmJjOWEzYjJmNWRhYWUwYmQ5ZDM1MjA0YmYw Cliquez ici Your email address will not be published. Chorus expects all these deliveries will be deferred. Enter your email below and we'll send you another email. Chorus Aviation Announces Significant Measures in Response to COVID-19, including Dividend Suspension and New US$100 Million Credit Facility April 6th, 2020 HALIFAX , April 6, 2020 /CNW/ – Chorus Aviation Inc. (‘Chorus’ or the ‘Company’) provides the following update on the impact of the coronavirus (COVID-19) outbreak on its business and its initiatives to preserve liquidity. MTQ1ZmEyNzNlYzc5ZmU3OWU2NjE5Y2VkZTIzNzdlNjdhODcxMjUyMmM3NmE0 pour vous inscrire. Chorus Aviation Announces Significant Measures in Response to COVID-19, including Dividend Suspension and New US$100 Million Credit Facility. YzA2YjRkZGI0MWE0NDc5NDE3MmQzZjAzMTcyOTVmMjliZTkxNzI3MzE2NDcz MzYxNTczZjUxZmI2MTAyZjRkMjRkMmI3YzFkMWIyY2Y3OWU3MGEzMmZhOWQw -----END REPORT-----. NDQ5YTkxODk2MDhjYWNkNWUyY2RhYzI2ZmJiZjlhNjA3MGE0OTkxNzI4ODE3 Based on current shares outstanding, the company’s $0.48 cent dividend results in approximately C$77 million in annual dividends declared and based on a 29% DRIP participation rate, approximately C$55 million in annual dividends paid in cash. These are very difficult decisions, impacting all of our stakeholders, but necessary to ensure we’re ready to emerge from this worldwide crisis as resiliently and quickly as possible.". In addition to the temporary layoffs noted above, Joe Randell, president and CEO of Chorus, will forgo 70 per cent of his salary, members of the executive team will forgo up to 50 per cent of their salary, and the board of directors has taken a 25 per cent reduction in fees. Chorus’ vision is to deliver regional aviation to the world. Announces March 2020 Dividend Chorus Aviation Provides Statement on COVID-19 Even if the Company’s business model does not directly expose it to the market risks ordinarily faced by airlines, substantially all its source revenue is derived from airline customers, through its Capacity Purchase Agreement (‘CPA’) with Air Canada and its leasing of aircraft to airline customers globally. Rester connecté MjExNDg1ZTRlZmM0M2QyMmZlNjdhMjE5MmQ3YTc1YTBlOTAzMGI3ZDM5NjM0 Votre meilleur allié pour faire grandir votre entreprise, votre carrière et votre portefeuille. Subscribe to CityNews Toronto newsletters, I understand that I can withdraw my consent at any time. With these measures, the Company anticipates having sufficient liquidity to fund ongoing operations, planned capital expenditures, and principal and interest payments related to long-term borrowings. Chorus also had pending transactions involving the delivery of three ATR 72-600 aircraft and three Airbus A220-300 aircraft in 2020. Your email address will not be published. NzczOWY4YmU3ZTljOWVlYmUxZGYzYTczYmFkNzBjZTI5YWZmNDM1YmY1NTA1 Les soins virtuels en entreprise : tendance ou révolution ? NTFmYjk0Y2UxZjA2MmY0YzM2NzJiY2RjMTYwYjdmMGM3YjU4NmI2MTY5MDk1 L'intelligence financière. ODdkMjgzZGQzOTFkZjc1MDE5YzkxYWZjM2FkNzRmNWJmNTAyNzdhNzc5YjNj Enter your email address to get a new one. Advisory – Chorus Aviation Inc. to Present First Quarter 2020 Financial Results on May 15, 2020 (2020-04-08) Chorus Aviation Announces Significant Measures in Response to COVID-19, including Dividend Suspension and New US$100 Million Credit Facility (2020-04-06) Voyageur’s MRO operation continues in servicing essential aviation customer requirements. The period of relief most commonly spans three months, and where monthly rentals are deferred in full or in part, the customer provides a commitment to repay the amounts deferred following the end of the agreed deferral period. MDgwMDUxZTNkYmFkYjNmMWIzZDU2MTUzYjkwNjRhZGQyYjE1MmIyMGMxNmJk Dominique Beauchamp, Apple sort des ordinateurs avec sa propre puce, la M1, 10/11/2020 Que faire avec les titres d'Expedia , Caterpillar et Chorus?
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