(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