Lessor Chorus Aviation of Canada is Remarketing Virgin Australia ATRs, Receives Many Rent Relief Requests
... also remarketing two Bombardier CRJ900s repossessed from Irish wet-lease specialist CityJet, along with three ex-Aeroméxico Embraer E190s.
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Regional aircraft lessor Chorus Aviation Capital is remarketing several aircraft from airlines that have collapsed and has also received temporary rent relief requests from most of its other leasing customers.
Three ATR 72-600s repossessed from Virgin Australia are being remarketed, after the airline went into voluntary administration on 20 April, Chorus Aviation says in a statement announcing its third quarter financial results ending 30 September.
The company, which also owns Canadian regional airlines Jazz Aviation and Voyageur Airways alongside its leasing business, says it has taken impairment and booked provisions for the three ATRs.
Chorus Aviation says it has 24 months to remarket the ex-Virgin Australia ATRs, from the time of repossession, failing which it will break loan agreements and...
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