Chorus shareholders vote to approve sale of aircraft leasing business

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Aircraft Leasing News

HPS Investment Partners,Leasing Business,Shareholders

HALIFAX — Chorus Aviation Inc. says its shareholders have voted to approve the sale of the company's regional aircraft leasing business to HPS Investment...

HALIFAX — Chorus Aviation Inc. says its shareholders have voted to approve the sale of the company's regional aircraft leasing business to HPS Investment Partners.

Chorus announced the sale of its plane leasing business to New York City-based HPS in July for $814 million in cash and $1.1 billion in aircraft debt to be assumed or prepaid by the buyers at closing. A Maryland woman who’s held white supremacist views for decades and recently conspired with a neo-Nazi leader to plan an attack on Baltimore’s power grid was sentenced Wednesday to 18 years in prison for her role in the plot. The high-profile case ultimately came to focus on the defendant’s past trauma and her mental state as she struggled with addiction and embraced increasingly radical, racist views. Sarah Beth Clendaniel, 36, pleaded guilty to planning the attack in May.

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