Chorus to be sold ?

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dhc#
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Chorus to be sold ?

Post by dhc# »

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Last edited by dhc# on Fri Oct 23, 2020 2:03 pm, edited 1 time in total.
walkabout
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Re: Chorus to be sold ?

Post by walkabout »

yeah so who's buying!!! Could it be AC or someone like fairfax ?
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Inverted2
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Re: Chorus to be sold ?

Post by Inverted2 »

AC did own us when I was hired......until about ‘06?
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dhc#
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Re: Chorus to be sold ?

Post by dhc# »

Who knows could even be the Government of Canada :smt017
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spinaxis
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Re: Chorus to be sold ?

Post by spinaxis »

dhc# wrote: Fri Oct 23, 2020 2:09 pm Who knows could even be the Government of Canada :smt017
Why would the government buy an airline that doesn't even fly it's own routes? Or own half the planes they fly?

AC most likely. I look forward to you all being my FO.
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Inverted2
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Re: Chorus to be sold ?

Post by Inverted2 »

spinaxis wrote: Fri Oct 23, 2020 2:59 pm
dhc# wrote: Fri Oct 23, 2020 2:09 pm Who knows could even be the Government of Canada :smt017
Why would the government buy an airline that doesn't even fly it's own routes? Or own half the planes they fly?

AC most likely. I look forward to you all being my FO.
Hmmmm joined 2 days ago. Troll alert. PS: Your mom says supper is ready so put the Flight Sim on pause and come upstairs for dinner. :mrgreen:
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spinaxis
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Re: Chorus to be sold ?

Post by spinaxis »

Inverted2 wrote: Fri Oct 23, 2020 3:17 pm
spinaxis wrote: Fri Oct 23, 2020 2:59 pm
dhc# wrote: Fri Oct 23, 2020 2:09 pm Who knows could even be the Government of Canada :smt017
Why would the government buy an airline that doesn't even fly it's own routes? Or own half the planes they fly?

AC most likely. I look forward to you all being my FO.
Hmmmm joined 2 days ago. Troll alert. PS: Your mom says supper is ready so put the Flight Sim on pause and come upstairs for dinner. :mrgreen:
I fly X-Plane, the graphics are better.
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kiaszceski
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Re: Chorus to be sold ?

Post by kiaszceski »

Today

EIF took 3%
ONEX Took 5%
AC took 1%
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Splash
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Re: Chorus to be sold ?

Post by Splash »

I'm very curious as to whom the potential buyer is? Any entity has to be bold to make an investment in this pandemic environment, then again the acquisition price will unlikely be lower.
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McKinley
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Re: Chorus to be sold ?

Post by McKinley »

Low value acquisition.....CHR stock has taken a beating.

Maybe Sell all the aircraft, probably fire all employees then hire all new employees, outsource the maintenance and or flying contracts, and make a cheap Dollar. Could be a move by WJ to eliminate the competition.


https://www.richmond-news.com/chorus-av ... 1.24226231

I wish all employees the best of luck!
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McKinley
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Re: Chorus to be sold ?

Post by McKinley »

Looks like this has been in the works..

https://www.wingsmagazine.com/chorus-av ... ison-pill/

At the moment by guess is WJ ... chorus and or AC are probably worth a can of beans .. ripe for the pickin!
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truedude
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Re: Chorus to be sold ?

Post by truedude »

McKinley wrote: Fri Oct 23, 2020 5:40 pm Low value acquisition.....CHR stock has taken a beating.

Maybe Sell all the aircraft, probably fire all employees then hire all new employees, outsource the maintenance and or flying contracts, and make a cheap Dollar. Could be a move by WJ to eliminate the competition.


https://www.richmond-news.com/chorus-av ... 1.24226231

I wish all employees the best of luck!
You're an idiot of you think this is how it works.
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truedude
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Re: Chorus to be sold ?

Post by truedude »

McKinley wrote: Fri Oct 23, 2020 5:46 pm Looks like this has been in the works..

https://www.wingsmagazine.com/chorus-av ... ison-pill/

At the moment by guess is WJ ... chorus and or AC are probably worth a can of beans .. ripe for the pickin!
It is not Westjet, I would bet all my CHR shares on that one.
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McKinley
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Re: Chorus to be sold ?

Post by McKinley »

truedude wrote: Fri Oct 23, 2020 5:48 pm
McKinley wrote: Fri Oct 23, 2020 5:40 pm Low value acquisition.....CHR stock has taken a beating.

Maybe Sell all the aircraft, probably fire all employees then hire all new employees, outsource the maintenance and or flying contracts, and make a cheap Dollar. Could be a move by WJ to eliminate the competition.


https://www.richmond-news.com/chorus-av ... 1.24226231

I wish all employees the best of luck!
You're an idiot of you think this is how it works.

Maybe ... but I’ve seen it before. Buy the company, fold it up, fire the employees rip the company logos off and have the same aircraft flying the same routes with your crew on it within three weeks.

Or, buy the company, cannibalize it and eliminate the competition.... seen that one too.

Or, fold up the company fire the unionized employees and outsource the flying..
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Last edited by McKinley on Fri Oct 23, 2020 5:58 pm, edited 1 time in total.
truedude
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Re: Chorus to be sold ?

Post by truedude »

McKinley wrote: Fri Oct 23, 2020 5:54 pm
truedude wrote: Fri Oct 23, 2020 5:48 pm
McKinley wrote: Fri Oct 23, 2020 5:40 pm Low value acquisition.....CHR stock has taken a beating.

Maybe Sell all the aircraft, probably fire all employees then hire all new employees, outsource the maintenance and or flying contracts, and make a cheap Dollar. Could be a move by WJ to eliminate the competition.


https://www.richmond-news.com/chorus-av ... 1.24226231

I wish all employees the best of luck!
You're an idiot of you think this is how it works.

Maybe ... but I’ve seen it before. Buy the company, fold it up, fire the employees rip the company logos off and have the same aircraft flying the same routes with your crew on it within three weeks.

Or, buy the company, cannibalize it and eliminate the competition.... seen that one too.
Oh yeah, seen it where? Give an example in Canadian aviation?
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McKinley
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Re: Chorus to be sold ?

Post by McKinley »

Anonymous forum but I’ve gone through it! I’ve seen it in mining too. But as you said, “ ( I’m) an idiot if I think that’s how it works.” So my experience is of no consequence...

How do you foresee this playing out?
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McKinley
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Re: Chorus to be sold ?

Post by McKinley »

McKinley wrote: Fri Oct 23, 2020 6:10 pm Anonymous forum but I’ve gone through it! I’ve seen it in mining too. But as you said, “ ( I’m) an idiot if you think that’s how it works.” So my experience is of no consequence...


How do you foresee this playing out?

I wish all the employees the best of luck... it’s gotta be stressful in times like these.
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truedude
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Re: Chorus to be sold ?

Post by truedude »

McKinley wrote: Fri Oct 23, 2020 6:10 pm Anonymous forum but I’ve gone through it! I’ve seen it in mining too. But as you said, “ ( I’m) an idiot if I think that’s how it works.” So my experience is of no consequence...

How do you foresee this playing out?
Right. I see no major changes for any of the employee's at Jazz. It may not even be Jazz that these people want. Or maybe it is Air Canada, and that is all they want. Who knows. But most of the employees are unionized. The pilots have it written in their contract that only we can do the flying as contracted by Jazz, or any company owned by Chorus, or Chorus affiliate or...

And in the end, Chorus may decide not to sell, or recommend against it.

Whatever happens, it will be this time next year before all the details are ironed out.
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CPT.HarshColdReality
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Re: Chorus to be sold ?

Post by CPT.HarshColdReality »

So.........I have a friend who works in the finance dept. at AC HQ in YUL.......He has dropped one of his napkins today at my house and I saw some notes about the preparation of a second airline acquisition that is roughly the cost of the money saved on the transaction to acquire AT. Roughly 530 million $. CHR market cap is roughly 515 million $.........

https://ca.finance.yahoo.com/quote/CHR. ... wH0aEFzO7q
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dhc#
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Re: Chorus to be sold ?

Post by dhc# »

If it does turn out to be AC that purchases Chorus, then I wonder about Sky Regionals future :?:
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