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  5. CHR: Could you comment on Chorus's prospects after its announced acquisition of Falko and Brookfield's investment? [Chorus Aviation Inc. Voting and Variable Voting Shares]
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Q: Could you comment on Chorus's prospects after its announced acquisition of Falko and Brookfield's investment?

Asked by David on February 28, 2022
5i Research Answer:

This is a very big deal. Brookfield comes in for $374M in equity ($300M preferred shares plus common) and Falko doubles the size of the company. Falko is a large airline lessor, diversifies the company and takes it from low-growth to an improved growth profile. Brookfield will add financial stability and a 'backstop' for investors (not officially but it likely to provide support if CHR see any future problems). CHR becomes large and more attractive to institutional investors. The conference call has not yet occurred but this is a transformational deal for the company.