Chorus Aviation, based in Canada, has concluded the final phase of its substantial issuer bid by repurchasing 471,319 shares at a price of US$15.10 per share, resulting in an aggregate purchase value of approximately $7.1 million. The buyback was conducted as part of the company’s capital return strategy to enhance shareholder value.
Chorus Aviation, based in Canada, has announced its intention to initiate a substantial issuer bid (SIB) through which the company will offer to repurchase up to US$17.5 million worth of its outstanding Class A Variable Voting Sharesand Class B Voting Shares. The move is part of Chorus Aviation’s ongoing capital management strategy aimed at delivering value to shareholders.
Chorus Aviation (Canada) has finalized the sale of its Regional Aircraft Leasing segment, including Falko (UK), to HPS Investment Partners (US). The transaction represents a significant strategic shift for Chorus as it focuses on its core operations and streamlines its corporate structure.
