Chorus Aviation to acquire air ambulance operator SkyCare for C$40 million
Chorus Aviation has agreed to buy SkyCare Air Ambulance for C$40 million. The deal is expected to close in the fourth quarter, with part of the payment deferred.
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what happened
Canada's Chorus Aviation has agreed to buy SkyCare Air Ambulance, the largest private fixed-wing air ambulance operator in Northern Ontario, for C$40 million ($28.3 million), according to Dow Jones Newswires.
SkyCare provides medical evacuations, patient repatriation, organ transport and charter flights in Canada and the U.S. It employs about 220 people and runs 22 aircraft.
Chorus will pay C$32 million in cash, with the rest due by March 31, 2029, if certain performance targets are met. The deal is expected to close in the fourth quarter.
why it matters
Chorus expects to generate C$500 million to C$550 million of free cash flow, plus aircraft sale proceeds, over 2026–2029. Against that outlook the price is small, so the deal is more a strategic signal of expansion into aviation, aerospace and defence than a material financial event.
tags
instruments
sources
- Chorus Aviation Announces Agreement To Acquire Skycare Air Ambulance — Reuters, 19 October 2026 at 11:39 UTC
- Chorus Aviation Acquires SkyCare Air Ambulance for C$40M — Dow Jones Newswires, 19 October 2026 at 12:04 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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