March 18, 2020 / 8:04 PM / in 5 months

Chorus Aviation warns of sales hit due to coronavirus

(Reuters) - Canadian aircraft repair and overhaul services provider Chorus Aviation Inc (CHR.TO) 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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