Chrono Aviation ?

[Nauclerus]

It looks like Chrono Aviation has gone into administration but appear to still be operating. Anyone have any more info. ?

https://www.aerotime.aero/articles/cana ... nistration

https://www.flightaware.com/live/flight/MBK900

[Donald]

How many pilots does Chrono have?

[Babar350]

It's being bought by another company.

[Donald]

It's being bought by another company.

Nolinor?

[Nauclerus]

Julien Arsenault, La Press, October 28th, 2024

https://www.lapresse.ca/affaires/entrep ... dation.php

Péladeau’s offer or liquidation

Chrono Aviation had no choice but to sell its jewel – a private terminal – to Starlink Aviation, controlled by Pierre Karl Péladeau.
Otherwise, this troubled charter flight specialist would have been dismantled, which would have caused its secured creditors,
including Investissement Québec (IQ), to lose money.

If the Superior Court of Quebec gives its approval to the transaction currently on the table, a little more than 37 million will be reimbursed
to Chrono's lenders, according to court documents consulted by La Presse. This is a “full repayment” of secured creditors.
The investing arm of the Quebec state will be able to recover 4.5 million.

“If the transaction fails, it is likely that the debtors [Chrono] will be forced to cease their activities,” underlines the firm Deloitte,
which acts as controller in this matter, adding that this scenario would result in a “forced liquidation” of the assets of the Quebec carrier."

“The proposed transaction constitutes the only possible avenue to save the company and the approximately 300 jobs it generates,”
underlines the draft order which should be presented this Monday to the court.

As part of its efforts to restructure, Chrono “voluntarily did not solicit” Nolinor, its main competitor, reveals the controller.
In addition to a legal dispute worth 21.5 million between the two companies since 2020, Chrono believes that approaching Nolinor would have been too complicated.

“It would have been impossible for the debtors to contact Nolinor without communicating secret and commercial information that
could potentially be used against them and significantly harm their restructuring project,” underline Benoit Clouâtre and Éric Vincent,
managers at Deloitte in matters of restructuring. restructuring."

[FishermanIvan]

Maybe we’ll buy our -200s back from them

[cdnavater]

Maybe we’ll buy our -200s back from them

Dick!

[dhc#]

Maybe we’ll buy our -200s back from them

The 737-800SF they have would be useful to a few "northern" airlines...if it becomes available.

[FishermanIvan]

Maybe we’ll buy our -200s back from them

The 737-800SF they have would be useful to a few "northern" airlines...if it becomes available.

It would be. We retired a -400 freighter not long ago because of corrosion.

[Babar350]

It's being bought by another company.

Nolinor?

Starlink

https://www.lapresse.ca/affaires/entrep ... dation.php

https://x.com/chaviation/status/1850907918750892320

[cdnavater]

It's being bought by another company.

Nolinor?

Starlink

https://www.lapresse.ca/affaires/entrep ... dation.php

https://x.com/chaviation/status/1850907918750892320

Thanks for the French article and the other one behind a paywall!

[CaptDukeNukem]

Nolinor?

Starlink

https://www.lapresse.ca/affaires/entrep ... dation.php

https://x.com/chaviation/status/1850907918750892320

Thanks for the French article and the other one behind a paywall!

Pay links I hate.

But French…. Google translate.

[Nauclerus]

La Presse, November 2nd

"In a week, it will have no more money in its coffers and will crash for good."

"What we are told by the bankers is: I will not go beyond November 8 without approval of the transaction."

https://www.lapresse.ca/affaires/entrep ... oirier.php

(pro tip - most web browsers can translate websites automatically).

[Donald]

Based on Summit's job postings, I'd say they officially have the Baffinland work now.

[oldncold]

Saw chrono painted 737- 200 the other nite parked outside yzf buffalo hangar. buffalo bought it?

[Ass-on-tap]

Saw chrono painted 737- 200 the other nite parked outside yzf buffalo hangar. buffalo bought it?

Chrono is using that -200 for some charter work on Buffalo’s behalf, the rumour I heard is that Buffalo will be purchasing that particular -200 from Chrono. Time will tell.

[Nauclerus]

Looks like the B737-800F Chrono was using was returned to Kelowna Flightcraft, last cargo flight was on December 2nd between YFB-YWG. That route now being operated by Cargojet B757's.

https://www.ch-aviation.com/news/147349 ... s-b737-800