Chorus Aviation Acquires Falko Regional Aircraft Limited
February 27, 2022
Chorus Aviation Inc. agreed to acquire Falko Regional Aircraft Limited and certain equity interests managed by Fortress for approximately US$855 million (US$445 million cash plus ~US$410 million of indebtedness). Brookfield, through its Special Investments program, will make a strategic equity investment of US$374 million in Chorus alongside the transaction; the combined business will create an expanded regional aircraft leasing and asset-management platform.
- Buyers
- Chorus Aviation Inc., Brookfield Asset Management (Brookfield Special Investments)
- Targets
- Falko Regional Aircraft Limited
- Sellers
- Fortress Investment Group LLC (funds managed by Fortress), Affiliates of Falko
- Industry
- Aerospace & Defense
- Location
- Hertfordshire, United Kingdom
- Transaction Type
- Buyout
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