Share Buybacks and Debt Repayment
Chorus Aviation announced the intention to repurchase up to $50 million of common shares and has repurchased $35.2 million year-to-date. The company also completed the redemption of Series B debentures, substantially completing its debt repayment plans.
Successful Sale of Dash 8-400 Aircraft
Executed agreements to sell all 9 Dash 8-400 aircraft for net proceeds of approximately CAD 86 million, unlocking meaningful value.
Expansion in Specialized MRO and Defense Capabilities
Completed the acquisition of Elisen, enhancing specialized MRO and defense capabilities, and enabling higher value opportunities.
Strong Operational Performance and New Contracts
Jazz team delivered solid on-time performance and strong earnings. New contracts were awarded to Voyageur by the Department of National Defense, enhancing aviation support.
Positive Financial Metrics
Adjusted earnings per share increased by 40% compared to last year. Free cash flow increased by $0.7 million, and the leverage ratio was at 1.5, within the targeted range.