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Chorus Aviation to get cash infusion to help weather COVID-19 challenges, pay debt A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., on May 13, 2019. THE CANADIAN PRESS/Jonathan Hayward March 16, 2021 - 3:32 PM HALIFAX - As the airline industry continues to struggle with plummeting passenger volumes and no government bailout plan, Halifax-based Chorus Aviation Inc. announced Tuesday a pair of transactions to provide the company with cash it needs during pandemic-related challenges. The company says it will receive gross proceeds of up to $130 million from a secondary offering and a private placement. RBC Capital Markets will lead a syndicate of underwriters to purchase and sell $50 million units of Chorus at $4.60 per unit and $50 million of convertible senior unsecured debentures at $1,000 each with interest of six per cent per year.

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