Airlines

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Air Partner PLC acquires Cabot Aviation Services

Wednesday, 13 May 2015 02:00am EDT

Air Partner PLC:Says acquisition of Cabot Aviation for total consideration of up to 1.2 mln Pounds.It is expected that acquisition will be earnings enhancing in the year to Jan. 31, 2016.

Chorus Aviation Inc completes acquisition of Voyageur Airways

Friday, 1 May 2015 01:56pm EDT

Chorus Aviation Inc:Closed acquisition of 519222 Ontario Limited, holding company that owns Voyageur Airways Limited and related companies, provider of specialized aviation services with international operations.Acquisition was first announced on March 12.purchase price, on cash free/debt free basis, represents total enterprise value of about $80 mln and is subject to certain post-closing working capital adjustments.Utilizing cash on hand, Chorus paid $47.0 mln and issued $8.0 mln in Chorus Class B Voting Shares to Max Shapiro, sole owner of Voyageur.About $25 mln in deferred cash payments will be paid in separate installments over the next 36 month period.$80 million purchase price is supported by appraised value of Voyageur's owned aircraft, real estate and working capital.RBC Capital Markets acted as exclusive financial advisor to Chorus on the transaction.Osler, Hoskin and Harcourt LLP acted as legal advisor to Chorus.Gowling, Lafleur, Henderson LLP acted as legal advisor to Voyageur.

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Analyst Research

Report Title Price
Provider: Renaissance Capital
$92.00
Provider: Renaissance Capital
$92.00
Provider: Auerbach Grayson & Co., Inc.
$75.00
Provider: New Constructs, LLC
$10.00
Provider: Reuters Investment Profile
$20.00

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