Even though Chorus' business model does not directly expose it to the market risks ordinarily faced by airlines, substantially all its source revenue is derived from airline customers, through its CPA and its leasing of aircraft to airline customers globally. Kamala Harris was in the race for the Democratic nomination for President of the United States in the 2020 election, but later on opted out of the race, citing lack of funds. Chorus disclaims any intention or obligation to update or revise such statements to reflect new information, subsequent events or otherwise, except as required by applicable securities laws. Chorus' vision is to deliver regional aviation to the world. ET on Thursday, August 13, 2020 to discuss the second quarter 2020 financial results. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. • American Shared Hospital Services Common Stock (AMEX:AMS) is expected to report earnings for its third quarter. HALIFAX, NS, Aug. 12, 2020 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) today announced second quarter 2020 financial results and an update on the impact of COVID-19. Chorus is in the process of raising approximately US$30.0 to US$50.0 million in financing to be secured by up to four unencumbered aircraft. Chorus expects the receivable to be between $35.0 and $45.0 million by the end of the fourth quarter of 2020. Some top airline stocks like Air Canada and Chorus Aviation have lost approximately two-thirds of their value in 2020. We also use them to share usage information with our. Chorus Aviation Inc. ("Chorus") (TSX: CHR) will present the company's third quarter 2020 2020(2). (Decrease), Total 2016 - Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and similar terms and phrases, including references to assumptions. Approximately 28% of lease revenue was collected in the second quarter and subsequently increased to approximately 38% in July. -0.67%. He grew up to be an intelligent and ambitious young man who graduated cum laude from Princeton University with a Bachelor of Arts in Public Policy. All pending acquisitions and lease commitments are subject to satisfaction of customary conditions precedent to closing. Born in Staten Island of New York City and raised in Pennsylvania, Aguilera appeared on television shows in her early years, before gaining a recording contract with RCA Records in 1998. Chorus manages its exposure to currency risk on such long-term debt by billing the lease payments within the CPA in the underlying currency (US dollars) related to the aircraft debt. (expressed in thousands of Canadian dollars). Chorus has recently been advised by the administrators of Virgin Australia that the airline intends to terminate its lease agreement with CAC for the three ATR72-600s and work with CAC to facilitate an orderly return of the aircraft. number of aircraft), Pending/Delayed Stockhouse @ the Bell: Canadians Observe a Moment of Silence. Management believes adjusted EBT assists investors in comparing Chorus’ performance by excluding items, which it does not believe will reoccur over the longer-term (such as signing bonuses, employee separation program costs, impairment provisions, lease repossession costs net of security packages recovered and strategic advisory fees) as well, as items that are non-cash in nature such as foreign exchange gains and losses. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Since March 31, 2020, Jazz implemented significant permanent and temporary employee reductions impacting 65% of its workforce. Chorus collected approximately 50.0% of lease revenue billed in the third quarter from its lessees, excluding repossessed aircraft, a 22-percentage point improvement over second quarter 2020. Jazz expects to operate between approximately 20% to 30% of its capacity in the third and fourth quarters of 2020 compared to the same periods in 2019. Aircraft related acquisitions and ESP capital expenditures in 2020 are expected to be between $417.0 million and $426.0 million . Chorus uses certain non-GAAP financial measures, described below, to evaluate and assess performance. Not surprisingly, retail-related... (Reuters) - American Airlines Group Inc. announced a proposed underwritten public offering of 38.5 million shares of its common stock on Tuesday, as the airline looks to boost its liquidity amid falling sales during the coronavirus crisis. Given the market uncertainty caused by the COVID-19 pandemic, Chorus' intention to grow its third-party leasing business by approximately 20 aircraft per year has been delayed. He served as the 47th vice president of the United States from 2009 to 2017. Total announced transactions as of May 14, 2020. We will not release or resell your information to third parties without your permission. Following voluntary administration on April 20, 2020 , Virgin Australia terminated its lease agreements with CAC in early September for three ATR72-600s. permissions/licensing, please go to: www.TorontoStarReprints.com. "The global aviation industry continues to be significantly challenged by the effects of the COVID-19 epidemic. Gore and Clinton were elected in the next term as well, after they beat the Republicans. Senator from Texas, in 2012, following which his political career received a big boost. By providing my email, I consent to receiving messages from Stockhouse. rights reserved. A reconciliation of these non-GAAP measures to their nearest GAAP measure is provided in the MD&A dated August 12, 2020. He was elected to the US senate by a narrow margin against Walter Dee Huddleston of the Democratic Party and became the first Republican to win in Kentucky after more than a decade. Kamala Devi Harris is an American attorney cum politician who has been picked by Joe Biden as his running mate for the 2020 U.S presidential election. He is also a member of the Board of Directors of Apple Inc and a senior advisor to Google. Capital expenditures in 2020, including capitalized major maintenance overhauls but excluding expenditures for the acquisition of aircraft and the ESP, are expected to be between $23.0 million and $29.0 million. Pursuant to the negotiated termination agreement, CAC has repossessed the two CRJ900s previously on lease to CityJet and plans to remarket them. He was selected as the running-mate for presidential nominee Barack Obama in 2008 and the Obama-Biden ticket went on to win the election. Chorus Aviation Inc. was incorporated in 2010 and is based in Dartmouth, Canada. The Regional Aviation Services segment's adjusted EBITDA decreased by $8.3 million .
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