Wednesday, February 18, 2015

Chorus Aviation Inc. - CHR.b.t

Chorus Aviation Inc. - CHR.b.t owns two airline divisions operated by Jazz Aviation LP: Air Canada Express and Jazz.

Jazz is the largest regional carrier in Canada. The Company operates more flights and flies to more Canadian destinations than any other airline and has a workforce of approximately 4,760.




On February 18, 2015 the company reported News

Chorus Aviation Inc. ('Chorus') (TSX: CHR.B CHR.A) today announced a monthly dividend of $0.0375 per Class A and Class B share payable on or after March 17, 2015 to shareholders of record at the close of business on February 27, 2015. These dividends qualify as eligible dividends in Canada and qualifying dividends in the United States.

About Chorus

Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010 and is a dividend-paying holding company with various interests including Jazz Aviation Holdings Inc. and Chorus Aviation Holdings Inc.

Jazz Aviation Holdings Inc. holds all of Chorus' business interests associated with the capacity purchase agreement ('CPA') with Air Canada which includes Jazz Aviation LP ('Jazz'), Jazz Aircraft Financing Inc. ('JAFI'), and Jazz Leasing Inc. ('JLI'). JAFI and JLI were established for the sole purpose of acquiring and financing Q400 aircraft and related equipment, and leasing them to Jazz for use in the CPA. Chorus Aviation Holdings Inc. is a holding company to facilitate diversification of Chorus' business, such as the establishment of Chorus Airport Services Inc. which provides airport handling services.
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