Chorus Aviation
| Public | |
| Traded as | TSX: CHR |
| Website |
chorusaviation |
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
- ↑ "Jazz Air plans to convert into holding corporation - thestar.com". The Star. Toronto. 2010-10-08. Retrieved 2010-10-12.
- ↑ "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.
- ↑ "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) - ↑ "UPDATE 1-Jazz Air to keep dividend payout in fund conversion". Reuters. 2010-10-08. Retrieved 2010-10-12.
- ↑ "Canadian regional Jazz to move to corporate structure". ATW Online. 2010-10-12. Retrieved 2010-10-12.
- ↑ "Chorus Aviation (formerly Jazz Air Income Fund) net jumps 35.8%". Retrieved 2011-03-27.