Completely rewrite the following article in a fresh and original style. Ensure the new content conveys the same sentiment and message as the original. The rewritten article should:
- Start with a compelling introduction that hooks the reader (do not label this section).
- Maintain any lists and points as they are, using numbering and bullet points where necessary. Rewrite the explanations and discussions around these points to make them fresh and original. Ensure the lists are formatted correctly with proper numbering or bullet points.
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Organize the content into clear, logical sections. Subheadings are not mandatory. Each section should have a subheading only if it enhances readability and comprehension.
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End with a strong conclusion that summarizes the key points and provides a closing thought or call to action (do not label this section).
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Ensure it is formatted properly with adequate line spacing
Make sure the article flows coherently, is engaging, and keeps the reader interested until the end. Reorganize and structure the content efficiently to enhance readability and comprehension. Use varied sentence structures and vocabulary to avoid monotony. Avoid directly copying any sentences or phrases from the original content. Here is the original content:
HALIFAX — Chorus Aviation Inc. says it will sell its regional aircraft leasing segment in a deal valued at $1.9 billion.
Halifax-based Chorus says the buyers are the affiliates of investment funds managed by HPS Investment Partners, a New York firm.
The $1.9 billion offer from the affiliates is made up of $814 million in cash and $1.1 billion in aircraft debt to be assumed or prepaid by the buyers at closing.
Chorus says its largest shareholders, Brookfield Asset Management Ltd. and Air Canada, have both signed agreements in favour of the transaction.
The deal, however, still needs to nab at least two thirds of votes cast by Chorus’ common shareholders to be approved.
If it lands the approval, Chorus expects the transaction to close by the end of the year.
This report by The Canadian Press was first published July 30, 2024.
Companies in this story: (TSX:CHR, TSX: AC, TSX:BAM)
The Canadian Press
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