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:
Canada's Chorus Aviation acquired U.K.-based Falko Regional Aircraft Ltd. for $855 million, one of the year's largest aerospace M&A deals.
This acquisition significantly expands Chorus's regional aircraft leasing portfolio and global customer base, aiming to establish it as a leading full-service regional aviation provider.
Brookfield Asset Management made a strategic $374 million equity investment in Chorus, gaining a 12.5% stake and board representation, to support the company's growth and strategy.
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.
