Chorus Aviation Capital has clear ambitions to become a major force in regional aircraft leasing
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.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: firstname.lastname@example.org