HALIFAX, Feb. 7, 2018 /CNW/ - Chorus Aviation Inc. ("Chorus") announced that its subsidiary Jazz Aviation LP ("Jazz") has ratified a tentative agreement, reached on January 9, 2018, with its Jazz Airport Services group. Unifor represents Jazz's Airport Services group of approximately 917 employees.
"I would like to recognize all that were involved in this process and I sincerely thank the employees and Unifor representatives for their considerable efforts in achieving this outcome," said Colin Copp, President, Jazz.
The new collective agreement extends to January 13, 2022 and includes agreement on wages, pension and benefits and enables Jazz to provide competitive customer service at our airports on behalf of the Air Canada Express brand.
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010. Chorus' vision is to deliver regional aviation to the world. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009, and has established Chorus Aviation Capital Corp. to become a leading, global provider of regional aircraft leases and support services. Chorus also owns Jazz Aviation and Voyageur Aviation – companies that have long histories of safe and solid operations that deliver excellent customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and overhaul. Chorus Class A Variable Voting and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. www.chorusaviation.ca
Jazz Aviation LP has a strong history in Canadian aviation with its roots going back to the 1930s. Jazz is owned by Chorus Aviation Inc. (TSX: CHR). As the largest regional carrier 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. Jazz operates more flights and flies to more Canadian destinations than any other airline, and has a workforce of approximately 4500 professionals, highly experienced in the challenging and complex nature of regional operations.
There are three divisions operated by Jazz Aviation LP: Air Canada Express, Jazz Technical Services and Jazz.
Air Canada Express: 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 North America, with a fleet of 116 Canadian-made Bombardier aircraft.
Jazz Technical Services: Established in May 2016 as a separate division, Jazz Technical Services ('JTS') is dedicated to heavy maintenance, repair and overhaul (MRO) of Bombardier aircraft. JTS provides MRO services to third parties while maintaining the dedication and commitment to its primary customer, Air Canada.
Jazz: Under the Jazz brand, the airline offers charters throughout North America, with 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.
This news release contains 'forward-looking information' as defined under applicable Canadian securities legislation. Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and similar terms and phrases, including references to assumptions. Such information may involve but is not limited to comments with respect to strategies, expectations, planned operations or future actions.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed in the forward-looking information. For a discussion of risks that could cause actual results to differ from those expressed in forward-looking information, please see Chorus' Annual Information Form dated February 15, 2017 and Management's Discussion and Analysis of Results of Operations and Financial Condition dated November 7, 2017. Any statements containing forward-looking information in this news release represent Chorus' expectations as of February 7, 2018 and are subject to change after such date. However, Chorus disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
SOURCE Chorus Aviation Inc.