The Globe and Mail reports in its Wednesday, Nov. 14, edition that Waypoint Investment Partners manager Ryan Marr recommends buying Chorus Aviation (parent of Jazz and operator of Air Canada Express), which trades at a substantial discount to its peers despite returns that are comparable. The Globe's David Milstead writes that Mr. Marr says the discount is driven by two misconceptions. One is a perception that its Air Canada relationship is at risk, when actually it is a strong long-term alliance, with Jazz operating 735 of Air Canada's 1,602 daily flights. Few of those routes could reasonably be assigned to another airline, Mr. Marr notes. Yet, investors are not pricing in any renewal of the Air Canada-Chorus deal when it expires in 2025, he says. The other misconception is investors awarding little to no value on Chorus's regional aircraft leasing business. There is limited competition for it, Mr. Marr says, with operators worried about relying too much on one lessor of aircraft and seeking new providers of aircraft. It is, he says, "an attractive niche with strong returns and growth profile." He says Chorus should trade at $10, a 40 per cent upside from Tuesday's closing price of $7.34.