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chorus aviation quarterly report

Given the market uncertainty caused by the COVID-19 pandemic, Chorus' intention to grow its third-party leasing business by approximately 20 aircraft per year has been delayed. About Us. All pending acquisitions and lease commitments are subject to satisfaction of customary conditions precedent to closing including receipt of financing for the aircraft. With $228 million in liquidity, we are well positioned to manage through an extended recovery period and to participate in the growth of the aviation industry in the future," stated Joe Randell, President and Chief Executive Officer, Chorus. There can be no assurance that these conditions will be satisfied. During her extensive career as a politician, Kamala Harris has always tried to adopt measures that encourage social progressivism. Chorus will have 24 months to remarket the aircraft in the event the aircraft leases are terminated failing which Chorus may be required to repay the debt outstanding on the aircraft. Chorus has recently been advised by the administrators of Virgin Australia that the airline intends to terminate its lease agreement with CAC for the three ATR72-600s and work with CAC to facilitate an orderly return of the aircraft. In Canada, we need a national COVID-19 testing regime that uses scientifically based procedures to help facilitate the safe movement of passengers. (unaudited)(expressed in thousands of Canadian dollars), Capital expenditures, excluding aircraft acquisitions and ESP. The COVID-19 pandemic and resulting government restrictions have created unprecedented challenges for the passenger aviation industry around the world. A number of other analysts have also commented on SLF. ", "Overall, our portfolio of leased aircraft is holding up well. Chorus is a global provider of integrated regional aviation solutions. Stay on top of sector specific news, get industry leaders insights and our best content, delivered to your email. rights reserved. Chorus Aviation (TSE:CHR) had its target price raised by stock analysts at CIBC from C$4.25 to C$5.00 in a report released on Monday, BayStreet.CA reports. expressly prohibited without the prior written consent of Toronto PSC’s underlying benchmark, the Nasdaq US Small Cap Select Leaders Index, “uses a quantitative model designed to identify equity securities (including growth and value stock) of small-capitalization companies in the Nasdaq US Small Cap Index (the ‘parent index’) that exhibit potential for high degrees of sustainable shareholder yield, pricing power, and strong momentum while adjusting for liquidity and quality,” according to Principal. Will I be receiving any additional supplemental Unemployment Insurance payments? Referred to as the "Princess of Pop", Spears is regarded as a pop icon and is credited with influencing the revival of teen pop during the late 1990s and early 2000s. Transactions (1), 2016 - By providing my email, I consent to receiving investment related electronic messages from Stockhouse. On April 28, 2020, Chorus further strengthened its liquidity by obtaining a US$100.0 million unsecured revolving credit facility for general corporate purposes, repayable in two years. Consistent with market norms, these leases are generally for a fixed term, contain an absolute payment obligation on the part of the lessee, and cannot be terminated early for convenience. Voyageur's contract flying, charter sales and MRO services revenue all improved over the second quarter of 2020 and is expected to be sustained throughout the fourth quarter. All pending and delayed transactions and lease commitments are subject to satisfaction of customary conditions precedent to closing including financing. There was no impairment recorded on the five Dash8-400s. She returned to the top of record charts with her sixth and seventh studio albums, Circus (2008) and Femme Fatale (2011), respectively. ET on Thursday, August 13, 2020 to discuss the second quarter 2020 financial results. Her erratic behavior and hospitalizations led Spears to be placed on a still ongoing conservatorship. A playback of the call can also be accessed until midnight ET, May 22, 2020 by dialing toll-free 1-855-859-2056, and using passcode 7967935#. In accordance with the CPA, the Fixed Margin does not vary with the number of aircraft and is fixed for 2020 based on agreed annual amounts. Chorus said it earned $20.5 million or 13 cents per share in the quarter, down 15.4 per cent from $24.2 million or 15 cents per share. Stockhouse @ the Bell: Canadians Observe a Moment of Silence. The circular will be sent or otherwise be made available to shareholders in late May. Capital expenditures in 2020, including capitalized major maintenance overhauls but excluding expenditures for the acquisition of aircraft and the ESP, are expected to be between $23.0 million and $29.0 million. The Regional Aircraft Leasing segment's adjusted EBITDA decreased by $4.0 million primarily due to a $4.1 million expected credit loss provision related to management's assessment of its lessee credit risk, and lower lease margins due to the loss of revenue resulting from the repossession of aircraft from Flybe, CityJet and Virgin Australia; partially offset by growth in aircraft earning leasing revenue. Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and similar terms and phrases, including references to assumptions. View the. Chorus reported adjusted EBITDA of $179.6 million year-to-date, an increase of $19.2 million over 2019. Marketing and customer communication efforts were credited... • Redhill Biopharma (NASDAQ:RDHL) is projected to report quarterly loss at $0.16 per share on revenue of $25.37 million. These non-GAAP measures are generally numerical measures of a company’s financial performance, financial position or cash flows, that include or exclude amounts from the most comparable GAAP measure. He went on to graduate from ‘Hanover College’ and earned his J.D. From a tender age, Clinton was blessed with leadership qualities and served as the student union leader in his school and college days. A reconciliation of these non-GAAP measures to their nearest GAAP measure is provided in the MD&A dated August 12, 2020. (expressed in thousands of Canadian dollars), Outlook Please go to the link in the email message to retrieve your password. The average remaining lease terms for these aircraft was four years. Forward-Looking InformationThis news release includes ‘forward-looking information’. I squarely question just how much more upside potential can there be left on this stock. Adjusted net income and Adjusted net income per Share are used by Chorus to assess performance without the effects of unrealized foreign exchange gains or losses on long-term debt and lease liability related to aircraft, signing bonuses, employee separation program costs and strategic advisory fees. In the United States, Spears is the fourth best-selling female album artist of the Nielsen SoundScan era as well as the best-selling female album artist of the 2000s. Adjusted EBITDA should not be used as an exclusive measure of cash flow because it does not account for the impact of working capital growth, capital expenditures, debt repayments and other sources and uses of cash, which are disclosed in the statements of cash flows, forming part of Chorus' financial statements. Following voluntary administration on April 20, 2020 , Virgin Australia terminated its lease agreements with CAC in early September for three ATR72-600s. Voyageur currently represents less than 10% of Chorus' consolidated revenue and net income. She left office after Obama’s first term. "The global aviation industry continues to be significantly challenged by the effects of the COVID-19 epidemic. Financial Market Data powered by QuoteMedia. Gore and Clinton were elected in the next term as well, after they beat the Republicans. The COVID-19 pandemic and resulting government restrictions have created unprecedented challenges for the aviation industry and global cancellations are impacting airlines around the world. The Regional Aircraft Leasing segment's adjusted EBITDA increased by $20.7 million which was primarily due to the growth in aircraft earning leasing revenue partially offset by a $5.2 million expected credit loss provision related to management's assessment of its lessees' credit risk, and lower lease margins due to the loss of revenue resulting from the repossession of aircraft from Flybe, CityJet and Virgin Australia. was most recently trading... With the country in still more uncharted territory as the latest Covid surge keeps shattering records, another wave of restrictions is again affecting businesses in some parts of the country, as local leaders resort to tough measures to try to contain the massive outbreak. EBITDA is defined as earnings before net interest expense, income taxes, and depreciation and amortization and is a non-GAAP financial measure that is used frequently by companies in the aviation industry as a measure of performance. We also use them to share usage information with our. CAC had three ATR72-600s and five Dash 8-400s on lease to Flybe with remaining lease terms between two and four years. As at September 30, 2020, CAC's long-term debt related to these aircraft was US $28.5 million . The upcoming quarterly report is expected on the 12th of November 2020. As of May 14, 2020, there were 64 committed aircraft in the Regional Aircraft Leasing segment. She has been appreciated for her charming and simple depiction of characters in movies. The full duration and impact of this pandemic are unknown. Starting Friday, restaurants in... ZURICH (Reuters) - German engineering group Siemens (DE:SIEGn) on Thursday reported better-than-expected profit at its industrial business in the final set of results overseen by long-standing Chief Executive Joe Kaeser. Chorus uses certain non-GAAP financial measures, described below, to evaluate and assess performance.

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