Type Public Website chorusaviation.ca Founded 2010 | Traded as TSX: CHR Headquarters Dartmouth, Canada | |
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Stock price CHR (TSE) CA$ 7.19 -0.02 (-0.28%)3 Mar, 4:00 PM GMT-5 - Disclaimer Subsidiaries Jazz, Voyageur Airways, Jazz Leasing Inc. | ||
Chorus Aviation is a Canadian holding company which has controlled regional and charter airline operator Jazz Aviation LP from 31 December 2010. 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.
In February 2011, Chorus reported that revenues had improved, and that it had invested in the Uruguayan airline Pluna. 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.