Chorus Aviation

Canadair CL-600

Chorus Aviation (TSX: CHR.A, CHR.B) is a holding company which has controlled Jazz Aviation LP from 31 December 2010.^[1][2][3] 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]

External links

• Jazz Air

References

1. ^ "Jazz Air plans to convert into holding corporation - thestar.com". The Star (Toronto). 2010-10-08. http://www.thestar.com/business/article/872942--jazz-air-plans-to-convert-into-holding-corporation. Retrieved 2010-10-12. 
2. ^ "CBC News - Nova Scotia - Jazz Air plans conversion to corporation". 2010-10-08. http://www.cbc.ca/canada/nova-scotia/story/2010/10/08/jazz-conversion-to-chorus.html. Retrieved 2010-10-12. 
3. ^ "Jazz Air will be Chorus Aviation Inc. after conversion". http://www.bnn.ca/News/2010/10/8/Jazz-Air-will-be-Chorus-Aviation-Inc.-after-conversion.aspx. Retrieved Tue Oct 12 2010 02:15:21 GMT+0100 (GMT Daylight Time). 
4. ^ "UPDATE 1-Jazz Air to keep dividend payout in fund conversion". 2010-10-08. http://www.reuters.com/article/idUSN0819841120101008. Retrieved 2010-10-12. 
5. ^ "Canadian regional Jazz to move to corporate structure". 2010-10-12. http://atwonline.com/airline-finance-data/news/canadian-regional-jazz-move-corporate-structure-1008. Retrieved 2010-10-12. 
6. ^ "Chorus Aviation (formerly Jazz Air Income Fund) net jumps 35.8%". http://www.centreforaviation.com/news/2011/02/09/chorus-aviation-formerly-jazz-air-income-fund-net-jumps-358/page1. Retrieved 2011-03-27.