Chorus Aviation Inc
TSX:CHR
Chorus Aviation Inc
Chorus Aviation, Inc. is a holding company, which engages in the provision of aviation services. The company is headquartered in Dartmouth, Nova Scotia and currently employs 4,426 full-time employees. The company went IPO on 2006-01-26. The firm offers a range of regional aviation support services. The firm operates through two segments the Regional Aviation Services and the Regional Aircraft Leasing. The Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair and overhaul services that are carried out by both Jazz Aviation LP (Jazz) and Voyageur Aviation Corp. (Voyageur). The Regional Aircraft Leasing segment leases aircraft to third parties through Chorus Aviation Capital Corp. Its portfolio of leased aircraft includes approximately 53 aircraft, including over 17 ATR72-600s, approximately 21 Dash 8-400s, over four CRJ1000s, approximately four E190s, over two E195s and approximately five A220-300s.
Chorus Aviation, Inc. is a holding company, which engages in the provision of aviation services. The company is headquartered in Dartmouth, Nova Scotia and currently employs 4,426 full-time employees. The company went IPO on 2006-01-26. The firm offers a range of regional aviation support services. The firm operates through two segments the Regional Aviation Services and the Regional Aircraft Leasing. The Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair and overhaul services that are carried out by both Jazz Aviation LP (Jazz) and Voyageur Aviation Corp. (Voyageur). The Regional Aircraft Leasing segment leases aircraft to third parties through Chorus Aviation Capital Corp. Its portfolio of leased aircraft includes approximately 53 aircraft, including over 17 ATR72-600s, approximately 21 Dash 8-400s, over four CRJ1000s, approximately four E190s, over two E195s and approximately five A220-300s.
Strong Earnings Growth: Adjusted earnings per share rose to $2.27 in 2025, a 134% increase over last year, driven by cost reductions and lower interest expenses.
Dividend Increase: The company raised its annual dividend by 38% from $0.32 to $0.44 per share, reflecting its focus on returning capital to shareholders.
Strategic Acquisitions: Chorus announced the acquisition of Kadex Aero Supply for approximately $50 million, building on recent acquisitions and expanding its aviation parts and consumables business.
Share Buybacks: The company repurchased $85.2 million in shares in 2025 and committed to up to $100 million in buybacks over the next four years.
Positive Free Cash Flow: Chorus generated $27 million in Q4 free cash flow and projects $500–550 million in free cash flow and asset sales over the next four years.
2026 Guidance: Chorus expects adjusted EBITDA between $170–185 million and free cash flow of $100–110 million for 2026.
Strong Liquidity & Deleveraging: Year-end liquidity was $169 million, and leverage remains within the 1–2x target, benefiting from asset sales and scheduled debt repayments.
