Chorus to be sold ?
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Chorus to be sold ?
Interesting development today
https://chorusaviation.com/chorus-aviat ... reciation/
https://www.bnnbloomberg.ca/stock/CHR:CT
https://www.bnnbloomberg.ca/chorus-avia ... -1.1512413
https://chorusaviation.com/chorus-aviat ... reciation/
https://www.bnnbloomberg.ca/stock/CHR:CT
https://www.bnnbloomberg.ca/chorus-avia ... -1.1512413
Last edited by dhc# on Fri Oct 23, 2020 2:03 pm, edited 1 time in total.
Re: Chorus to be sold ?
yeah so who's buying!!! Could it be AC or someone like fairfax ?
Re: Chorus to be sold ?
AC did own us when I was hired......until about ‘06?
Let’s Go Brandon
Re: Chorus to be sold ?
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.
Re: Chorus to be sold ?
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.
Let’s Go Brandon
Re: Chorus to be sold ?
I fly X-Plane, the graphics are better.
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Re: Chorus to be sold ?
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.
Re: Chorus to be sold ?
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!
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!
Re: Chorus to be sold ?
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!
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!
Re: Chorus to be sold ?
You're an idiot of you think this is how it works.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!
Re: Chorus to be sold ?
It is not Westjet, I would bet all my CHR shares on that one.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!
Re: Chorus to be sold ?
truedude wrote: ↑Fri Oct 23, 2020 5:48 pmYou're an idiot of you think this is how it works.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!
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..
Last edited by McKinley on Fri Oct 23, 2020 5:58 pm, edited 1 time in total.
Re: Chorus to be sold ?
Oh yeah, seen it where? Give an example in Canadian aviation?McKinley wrote: ↑Fri Oct 23, 2020 5:54 pmtruedude wrote: ↑Fri Oct 23, 2020 5:48 pmYou're an idiot of you think this is how it works.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!
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.
Re: Chorus to be sold ?
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?
How do you foresee this playing out?
Re: Chorus to be sold ?
I wish all the employees the best of luck... it’s gotta be stressful in times like these.
Re: Chorus to be sold ?
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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Re: Chorus to be sold ?
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
https://ca.finance.yahoo.com/quote/CHR. ... wH0aEFzO7q
Re: Chorus to be sold ?
If it does turn out to be AC that purchases Chorus, then I wonder about Sky Regionals future