Chorus Aviation (TSE:CHR) has released an update.
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Chorus Aviation Inc. has struck a deal to sell its Regional Aircraft Leasing segment for $1.9 billion, a move that will substantially reduce its debt and improve financial positions, including a higher Free Cash Flow. By shedding this segment, Chorus aims to enhance shareholder value and focus on expanding its aviation services, supported by the endorsement of its two largest shareholders, Brookfield Asset Management and Air Canada.
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