Chorus Aviation CEO: 1Q2025 results show improvements from regional aircraft leasing business sale
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Background ✨
Chorus Aviation completed the sale of its regional aircraft leasing segment in December 2024, generating net proceeds of USD607.7 million, a move expected to bolster its financial position and support future growth initiatives1. The transaction played a crucial role in reducing debt and corporate financing costs, positioning the company for improved earnings and cash flows1. Revenue from Jazz's capacity purchase agreement with Air Canada experienced a decline in 2024 due to changes in lease rates1.