Chorus Aviation swings to $180 million net loss in second quarter

Chorus Aviation has reported a net loss of C$180.6 million ($131.8 million) in the second quarter of 2024, swinging from its net profit of C$20.3 million ($14.8 million) in the same period last year. The company said the net loss included a “previously disclosed C$187 million impairment on discontinued operations”. It disclosed at the end of last month that it would sell off its regional aircraft business for C$1.9bn ($1.4bn) to HPS Investment Partners. The net proceeds would equal C$814 million ($594.1 million). The sale is expected to close at the end of the year and will help stabilise and