Chorus Aviation has entered into a sale and purchase agreement to sell all assets in its regional aircraft leasing (RAL) business – including its subsidiary Falko Regional Aircraft – for a sale price of $1.9bn. Net proceeds will equal $814 million. The transaction will eliminate $1.7bn in financings, including all RAL segment aircraft-related debt, substantially all Chorus related debt, and $300 million in Series 1 preferred shares. “This is a compelling transaction for shareholders with net proceeds representing a significant premium to the implied market value of the segment and at a price consistent with the trading multiples of our
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