Chorus Aviation Capital is a subsidiary of Chorus Aviation Inc., a publicly traded company based in Canada. Chorus Aviation Capital focuses on aircraft leasing and providing financing solutions to airlines globally. It plays a significant role in connecting regional communities and facilitating global air travel by providing airlines with access to modern and efficient aircraft.
The primary business of Chorus Aviation Capital revolves around the acquisition and leasing of regional aircraft. These are typically turboprop and regional jet aircraft that are well-suited for short-haul routes and connecting smaller airports to larger hubs. The company’s portfolio includes aircraft manufactured by companies like De Havilland Canada (formerly Bombardier), Embraer, and ATR. By acquiring these aircraft, Chorus Aviation Capital provides airlines with a cost-effective means of expanding or renewing their fleets without the significant capital outlay required for direct purchase.
Their leasing model offers airlines several advantages. It allows them to preserve capital for core operations, manage fleet size more flexibly in response to market demand, and avoid the risks associated with aircraft ownership, such as depreciation and disposal. Chorus Aviation Capital takes on these risks and manages the aircraft assets throughout their lifecycle, ensuring that they are properly maintained and re-marketed at the end of the lease term.
The company provides a variety of lease options, including operating leases and finance leases, tailored to meet the specific needs of its airline customers. Operating leases offer airlines the benefit of off-balance-sheet financing, while finance leases transfer the risks and rewards of ownership to the lessee over the lease term. The flexibility in lease structures allows Chorus Aviation Capital to cater to a diverse range of airlines with different financial profiles and strategic objectives.
Beyond leasing, Chorus Aviation Capital offers aircraft financing solutions to airlines looking to purchase aircraft. This can include sale and leaseback transactions, where an airline sells an aircraft to Chorus Aviation Capital and then leases it back, thereby freeing up capital for other purposes. This type of transaction is particularly useful for airlines seeking to improve their balance sheets or fund expansion initiatives.
The company has a global reach, serving airlines in various regions, including North America, Europe, Asia, and Latin America. This geographic diversification helps to mitigate risk and provides access to a wider range of growth opportunities. To effectively manage its global operations, Chorus Aviation Capital maintains a team of experienced professionals with expertise in aircraft leasing, finance, and asset management.
Chorus Aviation Capital plays a crucial role in the aviation ecosystem by providing airlines with essential financing and aircraft leasing solutions. Its activities support the growth of regional air travel, enhance connectivity between communities, and contribute to the overall efficiency and sustainability of the aviation industry. As airlines continue to seek cost-effective and flexible financing options, Chorus Aviation Capital is well-positioned to remain a key player in the aircraft leasing market.