Stock Name: CHR.DB
Amount: CAD 0.15
Announcement Date: 21/09/2011
Record Date: 28/09/2011
Dividend Detail:
HALIFAX, Sept. 21, 2011 /CNW/ - Chorus Aviation Inc. ("Chorus") (TSX: CHR.B CHR.A CHR.DB), formerly Jazz Air Income Fund, today announced a quarterly dividend
of $0.15 per Class A and Class B share payable on or after October 18,
2011 to shareholders of record at the close of business on September
30, 2011. These dividends qualify as eligible dividends in Canada and
qualifying dividends in the United States.
About Chorus Aviation Inc.
Chorus Aviation Inc. ("Chorus") was incorporated on September 27, 2010
and is a dividend-paying holding company which owns Jazz Aviation LP,
Chorus Leasing I Inc. (which owns Q400 aircraft) and 7503695 Canada
Inc. (which holds Chorus' investment in Latin American Regional
Aviation Holdings Corp., which in turn holds a 75% indirect equity
interest in South American regional carrier, Pluna).
About Jazz Aviation LP
Jazz Aviation LP has a strong history in Canadian aviation with its
roots going back to the 1930s. Jazz is wholly owned by Chorus Aviation
Inc. and continues to generate some of the strongest operational and
financial results in the North American aviation industry.
There are three airline divisions operated by Jazz Aviation LP: Air
Canada Express, Thomas Cook Canada and Jazz.
Air Canada Express: Under a capacity purchase agreement with Air
Canada, Jazz provides service to and from lower-density markets as well
as higher-density markets at off-peak times throughout Canada and to
and from certain destinations in the United States. Jazz currently
operates scheduled passenger service on behalf of Air Canada with over
800 departures per weekday to 84 destinations in Canada and in the
United States with a fleet of Canadian-made Bombardier aircraft.
Thomas Cook Canada: Jazz operates Boeing 757-200 aircraft on behalf of
Thomas Cook Canada in the winter season to various destinations in the
Caribbean, Mexico and Central America from Canadian gateways.
Jazz: Under the Jazz brand, the airline offers charters throughout
North America with a dedicated fleet of five Bombardier aircraft for
corporate clients, governments, special interest groups and individuals
seeking more convenience. Jazz also has the ability to offer airline
operators services such as ground handling, dispatching, flight load
planning, training and consulting.
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