HALIFAX, June 18, 2014 /CNW/ - Chorus Aviation Inc. ("Chorus") (TSX: CHR.B CHR.A CHR.DB) today announced a quarterly dividend of $0.1125 per Class A and Class
B share payable on or after July 17, 2014 to shareholders of record at
the close of business on June 30, 2014. These dividends qualify as
eligible dividends in Canada and qualifying dividends in the United
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on
September 27, 2010 and is a dividend-paying holding company which owns
Jazz Aviation LP and a number of other companies involved in aviation
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. As the
largest regional airline in Canada, Jazz has a proven track record of
industry leadership and exceptional customer service, and has leveraged
that strength to deliver value to all its stakeholders. The Company
operates more flights and flies to more Canadian destinations than any
other airline, and currently has a workforce of approximately 4,760
professionals highly experienced in the challenging and complex nature
of regional operations. Jazz employees are an integral part of
communities across our nation with 20% of our workforce based in
Atlantic Canada, 46% based in Central Canada, 33% based in Western
Canada, and 1% in Northern Canada.
Under a capacity purchase agreement with Air Canada, using the Air
Canada Express brand, 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. In
June of 2014 Jazz is operating scheduled passenger service on behalf of
Air Canada with approximately 770 departures per weekday to 53
destinations in Canada and to 18 destinations in the United States.
With a fleet of 122 Canadian-made Bombardier aircraft, Jazz flies more
daily flights to more Canadian destinations than any other airline.
Under the Jazz brand, the airline offers charters throughout North
America with a dedicated fleet of three 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.
For more information, visit www.flyjazz.ca.
SOURCE: Chorus Aviation Inc.
For further information:
Manon Stuart (902) 873-5054 Halifax firstname.lastname@example.org
Debra Williams (905) 671-7769 Toronto email@example.com
Nathalie Megann (902) 873-5094 firstname.lastname@example.org