HALIFAX, June 20, 2012 /CNW/ - Chorus Aviation Inc. ("Chorus") (TSX: CHR.B CHR.A CHR.DB) today announced a quarterly dividend of $0.15 per Class A and Class B
share payable on or after July 18, 2012 to shareholders of record at
the close of business on June 29, 2012. These dividends qualify as
eligible dividends in Canada and qualifying dividends in the United
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., Chorus Leasing II Inc. and Chorus Leasing III
Inc. (which own 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 two airline divisions operated by Jazz Aviation LP: Air
Canada Express 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
approximately 800 departures per weekday to 83 destinations in Canada
and in the United States with a fleet of Canadian-made Bombardier
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.
SOURCE CHORUS AVIATION INC.
For further information:
Manon Stuart (902) 873-5054 Halifax firstname.lastname@example.org
(902) 873-5094 email@example.com