Chorus Aviation Capital has clear ambitions to become a major force in regional aircraft leasing

Premium Analysis

Canada’s Chorus Aviation, parent of Canadian regional airline Jazz Aviation LP, has taken numerous steps during the past few years to diversify its business away from its major source of revenue – a capacity purchase agreement with Air Canada. Its moves have included the establishment of a third party maintenance business and the 2015 purchase of Voyageur Airways, a company whose primary focus is specialised contract flying.

Chorus made perhaps its boldest diversification move yet in late 2016 when it outlined plans to create a new regional aircraft leasing company, Chorus Aviation Capital (CAC). Since that time Chorus has been busy building the foundation for the new venture, which is already making a contribution to the company’s revenue. A significant proportion of the CAD 28.9 million rise in Chorus’ “other” revenue for the 9M ending Sep-2017 is attributable to its new third party leasing business.

Many factors are driving Chorus’ bullishness about opportunities in the regional aircraft leasing market, including airlines’ increasing appetite for operating leases and some larger lessors looking to divest their portfolios of regional aircraft.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 1,137 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.