Chorus Aviation

Chorus Aviation Inc.

Type	Public
Traded as	TSX: CHR.A, CHR.B
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

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

• Jazz Air