Chorus Aviation
 | |
| Formerly | Jazz Air Income Fund |
|---|---|
| Company type | Public |
| TSX: CHR | |
| Founded | February 2, 2006 as Jazz Air Income Fund |
| Headquarters | , |
Key people | Joseph D. Randell (CEO) |
| Subsidiaries |
|
| Website | chorusaviation |
Chorus Aviation is a Canadian holding company which owns regional airlines Jazz Aviation LP and Voyageur Airways as well as lessor Chorus Aviation Capital.
It was founded in 2006 as Jazz Air Income Fund, when then parent company ACE Aviation Holdings divested part of its interests in their regional airline business in an IPO.[1] In 2008, ACE Aviation Holdings sold its remaining participation in the company.[2] In 2011, it became a public corporation and changed its name to Chorus aviation, due to a change in Canadian tax laws which removed tax advantages for income funds, such changes prompting other income funds to restructure similarly.[3][4]
In February 2011, Chorus reported that revenues had improved and that it had invested in the Uruguayan airline Pluna.[5] 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.
Chorus aviation also acquired air charter company Voyageur Airways in 2015.[6] Voyageur Airways provides chartered aircraft to the United Nations in support of various programmes in Africa.
On February 8, 2019, Chorus Aviation agreed to purchase nine CRJ900 regional jets from Bombardier in a deal valued at US$437 million. The aircraft will be operated by Chorus subsidiary, Jazz Aviation, with delivery expected in 2020.[7]
In May 2022, it was announced Chorus has acquired the UK-based company, Falko Regional Aircraft Limited.[8]
References
[edit]- ^ "Jazz Air income fund IPO priced at $10". CBC. 2006-01-24. Retrieved 2020-05-15.
- ^ "ACE sells remaining stakes in Aeroplan, Jazz Air". Reuters. 2008-05-28. Retrieved 2020-05-15.
- ^ "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 2010-10-11. Retrieved 2010-10-12.
- ^ "Chorus Aviation (formerly Jazz Air Income Fund) net jumps 35.8%". Archived from the original on 2019-05-17. Retrieved 2011-03-27.
- ^ "Voyageur Airways to be sold for $80 million". North Bay Nugget. March 12, 2015. Archived from the original on September 5, 2017. Retrieved June 7, 2017.
- ^ "Chorus signs firm agreement for nine Bombardier CRJ900". hmgaerospace. February 8, 2019.
- ^ S, Glenn; s (2022-05-05). "Chorus Aviation completes acquisition of Falko Regional Aircraft". LARA. Retrieved 2022-05-05.
External links
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