Business
Chorus Announces Satisfaction of Regulatory Conditions to the Sale of its Regional Aircraft Leasing Segment
Chorus Announces Satisfaction of Regulatory Conditions to the Sale of its Regional Aircraft Leasi...
About this update from Chorus Aviation Inc.
[{"type":"text","content":"\n\n\n\n Chorus Announces Satisfaction of Regulatory Conditions to the Sale of its Regional Aircraft Leasing Segment\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n HALIFAX, NS\n \n\n ,\n \n\n Oct. 24, 2024\n \n\n /CNW/ - Chorus Aviation Inc. (TSX: CHR) (\"\n \n Chorus\n \n \") today announced that all regulatory conditions to completion of the previously announced sale of its Regional Aircraft Leasing segment (the \"\n \n Transaction\n \n \") have been satisfied.\n \n\n\n\n\n\n\n\n\n \"The fulfilment of all regulatory conditions for the sale of Chorus' Regional Aircraft Leasing segment is a key milestone towards the completion of this transaction. We thank everyone involved for the continued collaboration, as we move towards a successful completion,\" said\n \n Colin Copp\n \n , President and Chief Executive Officer, Chorus. \"This transaction will serve as a catalyst to accelerate value creation for our shareholders, while providing us with the financial flexibility for future growth.\"\n \n\n The remaining conditions to completion of the Transaction are set out in the Sale and Purchase Agreement dated\n \n July 30, 2024\n \n , which is available under Chorus' profile on SEDAR+ at\n \n www.sedarplus.ca\n \n . Completion of the Transaction is expected by the end of 2024.\n \n\n\n Forward-Looking Information\n \n\n\n This news release contains forward-looking information and statements within the meaning of applicable securities laws (collectively, \"\n \n forward-looking information\n \n \"). Forward-looking information involves significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the risk that one or more of the remaining conditions to completion of the Transaction may not be satisfied or that the completion of the Transaction might be delayed or not occur at all. Actual results could differ materially from those described in forward-looking information due to known or unknown risks, including, but not limited to, the risk factors de...