Chorus Aviation

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Chorus Aviation Inc.
Public
Traded as TSXCHR
Website chorusaviation.ca
Canadair CL-600 (CRJ 100ER)

Chorus Aviation is a Canadian holding company which has controlled regional and charter airline operator Jazz Aviation LP from 31 December 2010.[1][2][3] These services normally operate under the brand names Air Canada Express and Jazz Charters. Ownership was previously held by an income fund called "Jazz Air Income Fund", but a restructuring was announced in October 2010. This is motivated by a change in Canadian tax laws which removes tax advantages for income funds; other income funds are being restructured in a similar way.[4][5]

In February 2011, Chorus reported that revenues had improved, and that it had invested in the Uruguayan airline Pluna.[6] After excessive losses, Pluna was shut down by the Uruguayan government on 5 July 2012, and Pluna's entire fleet was auctioned off on 1 October 2012.

References[edit]

  1. ^ "Jazz Air plans to convert into holding corporation - thestar.com". The Star. Toronto. 2010-10-08. Retrieved 2010-10-12. 
  2. ^ "CBC News - Nova Scotia - Jazz Air plans conversion to corporation". 2010-10-08. Archived from the original on October 11, 2010. Retrieved 2010-10-12. 
  3. ^ "Jazz Air will be Chorus Aviation Inc. after conversion". Retrieved Tue Oct 12 2010 02:15:21 GMT+0100 (GMT Daylight Time).  Check date values in: |access-date= (help)
  4. ^ "UPDATE 1-Jazz Air to keep dividend payout in fund conversion". Reuters. 2010-10-08. Retrieved 2010-10-12. 
  5. ^ "Canadian regional Jazz to move to corporate structure". ATW Online. 2010-10-12. Retrieved 2010-10-12. 
  6. ^ "Chorus Aviation (formerly Jazz Air Income Fund) net jumps 35.8%". Retrieved 2011-03-27. 

External links[edit]