Chorus Aviation 'well positioned' for the future: CEO

Chorus Aviation Inc president and CEO Joe Randall reported (13-Aug-2019) he is "immensely pleased" with the company's performance in 2Q2019. Since its launch in 2017, the company increased its portfolio to 56 aircraft, 13 of which are expected to be delivered in 3Q2019 and a further two in 4Q2019, with the remaining aircraft expected by the end of 2020. The value of the company's fleet of leased aircraft is now more than USD2 billion when combined with aircraft lease commitments under the CPA, with another USD2 billion in future contracted lease revenue. The regional aircraft leasing segment is also growing by approximately 20 aircraft p/a, with capacity expected to continue along a similar rate of growth in the near term. Additionally, Mr Randall noted Chorus' plan to commit its leasing growth capital by early 2020 was accomplished "almost a year in advance", which is a "strong indicator" of existing opportunities. Mr Randall noted the company is "well positioned" for the future. [more - original PR]