Airline Partner Financial Health Risk: Chorus Aviation is significantly dependent on the financial stability and performance of its airline partners, particularly Air Canada, for lease payments and contracted services, making it vulnerable to any financial distress or operational challenges faced by these partners.

Interest Rate Fluctuation Risk: The company carries a substantial amount of debt to finance its aircraft fleet. Increases in benchmark interest rates could lead to higher borrowing costs for new acquisitions and increased debt servicing expenses, impacting profitability.

Aircraft Market Value Depreciation Risk: The value of Chorus's aircraft assets could decline due to various factors such as market oversupply, technological obsolescence, or reduced demand for certain aircraft types, potentially leading to impairment charges or lower resale values.