Chorus will also receive Falko's asset management platform and Fortress Investment Group's equity interests in 126 owned and managed regional aircraft. [Courtesy: Chorus Aviation]
Key Takeaways:
Chorus Aviation has acquired UK-based Falko Regional Aircraft Ltd., a leading regional aircraft lessor, for $855 million in a "transformative" deal.
The acquisition significantly expands Chorus's regional aircraft leasing and management portfolio to 353 aircraft across 32 airline customers in 23 countries.
Brookfield Asset Management invested $374 million in Chorus for a 12.5% stake and board seats, becoming a strategic cornerstone investor to support the deal and future growth.
Canada’s Chorus Aviation (TSX: CHR) has acquired U.K.-based Falko Regional Aircraft Ltd., a leading regional aircraft lessor and management firm, for $855 million.
The deal—a combination of $445 million cash and $410 million debt—is one of the largest M&A deals in the aerospace sector this year. The deal should close in the second quarter of 2022 pending regulatory approval.
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
