March 18, 2020 / 7:47 PM / 13 days ago

Chorus Aviation warns of sales hit due to coronavirus

March 18 (Reuters) - Canadian aircraft repair and overhaul services provider Chorus Aviation Inc warned on Wednesday of a sales hit as airline customers cancel flights due to the coronavirus outbreak.

The company said it has sufficient liquidity with a current cash balance of C$132 million ($91.26 million).

“These are very uncertain and difficult times for everyone...We are certainly not immune to the challenges facing the airline industry,” Chief Executive Officer Joe Randell said in a statement.

Chorus reported sales of C$1.37 billion in 2019. (Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)

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