Chorus

Rank#4913

Market Cap1.99B

CountryNew Zealand

Summary

Chorus Aviation Inc., through its subsidiaries, provides various aviation support services in the United States and Canada. The company operates through two segments, Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment includes all three sectors of the regional aviation, such as contract flying, including ACMI and charter operations; aircraft leasing; and maintenance, repair, and overhaul, as well as part sales and technical services. The Regional Aircraft Leasing segment provides aircraft leasing to third-party air operators. As of December 31, 2021, this segment's portfolio of leased aircraft consisted of 62 aircraft of which 56 aircraft were on lease to airline customers, such as 23 Dash 8-400s, 18 ATR72-600s, four CRJ1000s, four E190s, two E195s and five A220-300s. The company was formerly known as Jazz Air Income Fund and changed its name to Chorus Aviation Inc. in January 2011. Chorus Aviation Inc. was incorporated in 2010 and is based in Dartmouth, Canada.

History

Telecom created Chorus as a separate business unit in 2008. In 2011, Chorus won most of the contracts for the UFB fibre network. A condition of the contracts is that Chorus be demerged into a separate company. This was recommended unanimously by the Telecom board of directors and approved by 99.8% of Telecom shareholders.

On December 1, 2011, Chorus was formally separated from Telecom and listed on NZX. Chorus got Telecom's copper lines, cabinets, most telephone exchange buildings, DSLAMs and some fibre back-haul. Telecom retained the relationship with retail customers, the POTS telephone exchange equipment, some fibre back-haul, the shares in Southern Cross cable and the XT mobile network. On August 8, 2014, Telecom was rebranded as Spark.

The company is part of New Zealand Telecommunications Forum.

Mission

Our mission is to help small businesses create and manage marketing campaigns that are cost-effective, engaging and effective.

Vision

Our vision is to empower our customers to reach their business goals through innovative marketing technology.

References

https://en.wikipedia.org/wiki/Chorus_Limited

https://in.investing.com/equities/chorus

https://finance.yahoo.com/quote/CHR.TO/profile?p=CHR.TO

https://www.comparably.com/companies/chorus/mission

https://www.crunchbase.com/organization/chorus-ai

https://companiesmarketcap.com/