Jazz Aviation Named One of the Top Employers in Nova Scotia and Atlantic Canada for the Eleventh Year in a Row

HALIFAX, NS, March 23, 2022 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced that its subsidiary Jazz Aviation LP (‘Jazz’) was recognized as a Top Employer in both Nova Scotia and Atlantic Canada for the eleventh consecutive year by Mediacorp Canada Inc.

“We are pleased to be recognized as an organization that provides exceptional employee support and development programs as well as forward-thinking workplace policies,” said Randolph deGooyer, President, Jazz. “Making Jazz a great place for our employees to develop and succeed is something we’re very proud of.”

These special designations recognize employers in Nova Scotia and Atlantic Canada that lead their industries in offering exceptional places to work. Employers are evaluated on their physical workplaces; work and social atmospheres; health; financial and family benefits; vacation and time off; employee communications; performance management; training and skills development; and community involvement.

Jazz was recognized for encouraging employees to keep skills sharp throughout their careers with formal mentoring, in-house and online training, as well as idea sharing initiatives which leverage employee experience to increase productivity and improve customer service and operational efficiency. The company helps employees prepare for the future with retirement planning assistance and contribution to a pension plan and seeks to develop an ownership culture through a share purchase program, available to all employees.

About Chorus Aviation Inc.

Chorus is a global provider of integrated regional aviation solutions. Chorus’ vision is to deliver regional aviation to the world. Headquartered in Halifax, Nova Scotia, Chorus is comprised of Chorus Aviation Capital a leading, global lessor of regional aircraft, and Jazz Aviation and Voyageur Aviation – companies that have long histories of safe operations with excellent customer service. Chorus provides a full suite of regional aviation support services that encompasses every stage of an aircraft’s lifecycle, including aircraft acquisitions and leasing; aircraft refurbishment, engineering, modification, reproving and preparation; contract flying; aircraft and component maintenance, disassembly, and parts provisioning. www.chorusaviation.com

About Jazz Aviation

Jazz Aviation LP has a strong history in Canadian aviation with its roots going back to the 1930s. As the largest regional carrier in Canada and the sole operator of Air Canada Express flights, 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. www.flyjazz.ca

Jazz Aviation recognized as one of Canada’s Best Diversity Employers for the Eleventh Year

HALIFAX, NS, March 9, 2022 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) is proud to announce that its subsidiary, Jazz Aviation LP (‘Jazz’), has been named one of Canada’s Best Diversity Employers for the eleventh consecutive year in an annual national employer survey by Mediacorp Canada Inc.

“We are honoured to have once again been recognized as one of Canada’s Best Diversity Employers. Diversity is core to our culture and something we’re very proud of. Jazz is a company that values individual uniqueness and empowers employees to be their authentic selves,” said Randolph deGooyer, President, Jazz.

Canada’s Best Diversity Employers recognizes the nation’s top employers who have exceptional workplace diversity and inclusiveness programs. The competition recognizes successful diversity initiatives in a variety of areas, including programs for employees from five groups: women; members of visible minorities; persons with disabilities; Indigenous peoples; and lesbian, gay, bisexual and transgender/transsexual (LGBT) people.

Mediacorp Canada Inc. recognized Jazz for the many initiatives the airline has developed and supported, including working with a number of community partners to reach out to Aboriginal candidates and mentoring students from First Nations Technical Institute. Jazz encourages young women to consider careers in aviation by participating in annual events such as Girls Take Flight. Also, Jazz embeds diversity and inclusion into its supplier policy.

About Chorus Aviation Inc.

Chorus is a global provider of integrated regional aviation solutions. Chorus’ vision is to deliver regional aviation to the world. Headquartered in Halifax, Nova Scotia, Chorus is comprised of Chorus Aviation Capital a leading, global lessor of regional aircraft, and Jazz Aviation and Voyageur Aviation – companies that have long histories of safe operations with excellent customer service. Chorus provides a full suite of regional aviation support services that encompasses every stage of an aircraft’s lifecycle, including aircraft acquisitions and leasing; aircraft refurbishment, engineering, modification, repurposing and preparation; contract flying; aircraft and component maintenance, disassembly, and parts provisioning. www.chorusaviation.com

About Jazz Aviation

Jazz Aviation LP has a strong history in Canadian aviation with its roots going back to the 1930s. As the largest regional carrier in Canada and the sole operator of Air Canada Express flights, 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. www.flyjazz.ca

VIDEO: Timmins played a part in Canadian aviation history recently

From Timmins Today 🔗 link to source story

Air Canada’s Dash 8-300 a ‘machine that Canadians should be proud of’. Its final passenger flight was flown from Timmins to Toronto

Maija Hoggett, Timmins Today | January 22, 2022

When most passengers on a recent flight from Timmins to Toronto boarded, they didn’t know they were playing a part in Canadian aviation history. 

The last scheduled passenger flight for Air Canada Jazz’s Dash 8-300 flew from Timmins to Toronto on Jan. 9, 2022. 

Alex Praglowski made his way to Timmins from Calgary to be on the final flight and shared a video of it on YouTube.

“I’ve been an aviation enthusiast for as long as I can remember, and I’ve always had an interest in the aviation industry,” he said in an email. 

“Given the Dash 8-300’s history with Jazz and Air Canada and the important role it’s played in Canada over 30 years, I knew I had to be on board this final flight.”

Retiring the remaining 19 Dash 8-300s in the Jazz fleet was announced in March 2021. Fifteen of the aircraft have undergone the extended service program, which means their useful life is prolonged by about 15 years. Chorus Aviation, the parent company of Jazz Aviation, can sell, lease or convert the planes for cargo use, according to the March news release.

Before taking off on the final flight, the captain, who’s flown the Dash 8 for 33 years, gave passengers a quick history of the plane.

“You’re flying on a De Havilland Dash 8-300. This is one of the original Dash 8s, the people that fix them and fly them regularly refer to them as a Classic Dash 8. This airplane’s also a machine that Canadians should be proud of. It was made right here in Canada in Downsview, Ont., by the same people that designed and built the legendary airplanes like the Beaver and the Otter. The Dash 8 Classic is well-known for being a very reliable and rugged airplane, it’s able to fly in weather and land at airports that other planes cannot do,” he said.

He told passengers they’re playing “a little part of aviation history of being the last passengers of millions that Air Canada Jazz has safely transported on this aircraft.”

“So when we get to Toronto, maybe you’ll want to take a few pictures, maybe even give the airplane a quick little pat on the nose and thank it for a job well done. I know I’m going to,” he said.

Jazz Aviation Named One of Canada’s Top Employers for Young People 2022

HALIFAX, NS, Jan. 21, 2022 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) is proud to announce that its subsidiary Jazz Aviation LP (‘Jazz’) has been recognized as one of Canada’s Top Employers for Young People for the tenth consecutive year.

“We are honoured to be recognized once again as one of Canada’s Top Employers for Young People. This award highlights our commitment to providing young people with a meaningful and enjoyable place to start and grow their careers,” said Randolph deGooyer, President, Jazz. “While the pandemic has impacted all of us, we’ve taken steps to adapt how we operate in order to continue providing valuable and engaging work experiences for our younger employees.”

Canada’s Top Employers for Young People is an editorial competition organized by the Canada’s Top 100 Employers project. This special designation recognizes employers that offer the nation’s best workplaces, programs, and initiatives to attract and retain younger people entering the workforce.

Areas examined when evaluating each employer include, mentorship and training programs as well as career management programs.

Jazz was selected as one of Canada’s Top Employers for Young People for programs such as the Jazz Aviation Pathways Program, which provides scholarships and direct employment opportunities to students enrolled in pilot and flight attendant programs at various post-secondary institutions. Jazz was also recognized for offering scholarships to students enrolled in Aircraft Maintenance Engineer (AME) programs at local community colleges and for providing mentoring to apprentice AMEs.

This recognition comes just days after Jazz was announced as a Glassdoor Employees’ Choice Award winner, being recognized as one of the top 10 best places to work in Canada in 2022.

About Chorus Aviation Inc.

Chorus is a global provider of integrated regional aviation solutions. Chorus’ vision is to deliver regional aviation to the world. Headquartered in Halifax, Nova Scotia, Chorus is comprised of Chorus Aviation Capital a leading, global lessor of regional aircraft, and Jazz Aviation and Voyageur Aviation – companies that have long histories of safe operations with excellent customer service. Chorus provides a full suite of regional aviation support services that encompasses every stage of an aircraft’s lifecycle, including aircraft acquisitions and leasing; aircraft refurbishment, engineering, modification, repurposing and preparation; contract flying; aircraft and component maintenance, disassembly, and parts provisioning.

Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol ‘CHR’. Chorus’ 6.00% Senior Debentures due December 31, 2024, 5.75% Senior Unsecured Debentures due December 31, 2024, 6.00% Convertible Senior Unsecured Debentures due June 30, 2026, and 5.75% Senior Unsecured Debentures due June 30, 2027 trade on the Toronto Stock Exchange under the trading symbols ‘CHR.DB’, ‘CHR.DB.A’, ‘CHR.DB.B’, and ‘CHR.DB.C’, respectively.  www.chorusaviation.com

About Jazz Aviation

Jazz Aviation LP has a strong history in Canadian aviation with its roots going back to the 1930s. 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. www.flyjazz.ca

Jazz Aviation Named One of the Best Places to Work in 2022

HALIFAX, NS, Jan. 18, 2022 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced that its subsidiary Jazz Aviation LP (‘Jazz’) has been honoured with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2022 in Canada. The Employees’ Choice Award, now in its 14th year, is based solely on the input of employees, who elect to provide anonymous feedback by completing a company review about their job, work environment and employer.

“Jazz is proud to be selected as one of the best places to work in Canada, especially with this recognition being based on the feedback of our employees,” said Randolph deGooyer, President, Jazz. “Employee well-being, work/life balance, career development, diversity and inclusion, and culture are all very important parts of what makes Jazz a great place to work.”

Through Glassdoor, current and former employees voluntarily and anonymously share insights and opinions about their work environments by sharing a company review, designed to capture a genuine and authentic inside look at what a specific job may be like at a particular company. When sharing a company review on Glassdoor, employees are asked to rate their satisfaction with the company overall, and key workplace factors like career opportunities, compensation and benefits, culture and values, senior management, diversity and inclusion, and work/life balance. In addition, employees are asked to describe the best reasons to work at their companies as well as any downsides.

About Chorus Aviation Inc.

Chorus is a global provider of integrated regional aviation solutions. Chorus’ vision is to deliver regional aviation to the world. Headquartered in Halifax, Nova Scotia, Chorus is comprised of Chorus Aviation Capital a leading, global lessor of regional aircraft, and Jazz Aviation and Voyageur Aviation – companies that have long histories of safe operations with excellent customer service. Chorus provides a full suite of regional aviation support services that encompasses every stage of an aircraft’s lifecycle, including aircraft acquisitions and leasing; aircraft refurbishment, engineering, modification, repurposing and preparation; contract flying; aircraft and component maintenance, disassembly, and parts provisioning.

Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol ‘CHR’. Chorus’ 6.00% Senior Debentures due December 31, 2024, 5.75% Senior Unsecured Debentures due December 31, 2024, 6.00% Convertible Senior Unsecured Debentures due June 30, 2026, and 5.75% Senior Unsecured Debentures due June 30, 2027 trade on the Toronto Stock Exchange under the trading symbols ‘CHR.DB’, ‘CHR.DB.A’, ‘CHR.DB.B’, and ‘CHR.DB.C’, respectively.  www.chorusaviation.com

About Jazz Aviation

Jazz Aviation LP has a strong history in Canadian aviation with its roots going back to the 1930s. 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. www.flyjazz.ca

Canada’s Jazz Air ends Dash 8-300 operations

From ch-aviation – link to source story🔗

Jazz Air (Air Canada Express) De Havilland Canada © Air Canada

10 January 2022

Jazz Air (QK, Halifax) retired all of its remaining DHC-8-300s on January 9, 2022.

The regional carrier has six of the type in service on their last day of operations. Its fleet of DHC-8-300s numbered twenty-eight between 2008 and 2017 and has since been gradually downsized, the ch-aviation fleets history module shows. Jazz Air’s parent, Chorus Aviation, owned all of them. The retirement of the type was delayed by a few days compared to the end-2021 timeline announced in Jazz Air’s revised Capacity Purchase Agreement (CPA) with Air Canada (AC, Montréal Trudeau) in March 2021.

Jazz Air was the last major operator of the DHC-8-300. No other carrier in the world operates more than five although Eastern Australia Airlines (EAQ, Tamworth) and Air New Zealand (NZ, Auckland Int’l) operate double-digit numbers (23 and 15, respectively) of the DHC-8-Q300 variant, which Jazz Air did not.

Following the retirement of the DHC-8-300s, Jazz Air’s turboprop fleet comprises thirty-nine DHC-8-Q400s. The airline retired all of its DHC-8-100s (of which it once operated 64) as of April 2020, earlier than planned due to the COVID-19 pandemic. The carrier also operates a fleet of regional jets comprising fifteen CRJ200s, thirty-five CRJ900s, and twenty-five E175s all of which fly for Air Canada as its regional capacity provider, although it has no ownership ties to the flag carrier.

Air Canada Adding Extra Cargo Capacity Into Vancouver to Help Maintain British Columbia’s Economic Supply Chain

  • In response to flooding that disrupted transportation supply chain network in the province
  • 586 tonnes of additional capacity added into and out of YVR, an increase of 45% over originally planned levels
  • Air Canada Express Dash 8-400 aircraft being converted into special freighter configuration to transport cargo

MONTREAL, Nov. 22, 2021 /CNW Telbec/ – Air Canada announced today that it has significantly increased cargo capacity into and out of Vancouver between November 21 and 30 from its hubs in Toronto, Montreal and Calgary as it works to ensure that the vital economic supply chain links in British Columbia are maintained following the impacts of last week’s flooding. In total, Air Canada is adding 586 tonnes of cargo capacity, representing 3,223 cubic metres to support B.C.’s economic supply chain and the needs of its communities. The additional capacity is equivalent in weight to approximately 860 adult moose.

“The economic supply chain is vital, and to help support the urgent transport of goods into and out of British Columbia, we have increased capacity to our YVR hub by using the flexibility of Air Canada’s fleet to reschedule 28 passenger flights from narrow-body aircraft to be operated with wide-body Boeing 787 Dreamliners, Boeing 777, and Airbus A330-300 aircraft. These changes will allow an additional 282 tonnes of goods to be moved across the country on our scheduled passenger flights,” said Jason Berry, Vice President, Cargo, at Air Canada.

“Additionally, Air Canada Cargo will operate an additional 13 all-cargo flights between our Toronto, Montreal and Calgary cargo hubs and YVR using widebody aircraft, providing approximately 304 tonnes of additional capacity. These aircraft will help move mail and perishables such as seafood, as well as automotive parts and other industrial goods,” concluded Mr. Berry.

Air Canada is also working with its regional partner Jazz Aviation to provide additional regional cargo capacity by temporarily converting an Air Canada Express De Havilland Dash 8-400 from its normal passenger configuration into a special freighter configuration. This Dash 8-400 Simplified Package Freighter operated by Jazz can carry a total of 18,000 lbs. (8,165 kg) of cargo and will be deployed to transport critical goods, as well as consumer and industrial goods and will be in service as early as this week.

Last week, as the impact of the devastating floods became apparent, Air Canada quickly added capacity to the Air Canada Cargo network by substituting larger widebody aircraft on 14 passenger flights into Vancouver.

Additional capacity added for passengers

In addition to the extra cargo capacity, Air Canada had also increased the number of seats available for customers in Kelowna and Kamloops since November 17, adding approximately 1,500 seats into both communities by utilizing larger aircraft on routes. This enabled people affected by the highway closures to fly into and out from these airports, and through the cargo capacity of these passenger aircraft, also allowed for the important transport of emergency medical supplies into these regions.

Air Canada continues to monitor the situation in British Columbia very closely and will adjust its passenger and cargo schedule accordingly.

About Air Canada

Air Canada is Canada’s largest domestic and international airline, and in 2019 was among the top 20 largest airlines in the world. It is Canada’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax. In 2020, Air Canada was named Global Traveler’s Best Airline in North America for the second straight year. In January 2021, Air Canada received APEX’s Diamond Status Certification for the Air Canada CleanCare+ biosafety program for managing COVID-19, the only airline in Canada to attain the highest APEX ranking. Air Canada has also committed to a net zero emissions goal from all global operations by 2050. 

Air Canada to Launch Daily Service between Toronto Island and Ottawa beginning October 31

New route to complement existing service to Montreal from Billy Bishop Airport

MONTREAL, Oct. 7, 2021 /CNW Telbec/ – Air Canada today announced that it will launch a new service between Billy Bishop Toronto City Airport and Ottawa beginning October 31, 2021. The route will commence with four return trips daily, increasing to up to eight return trips daily starting in summer 2022.

“Air Canada’s new service from Toronto Island to Ottawa will conveniently link Canada’s capital directly with the centre of the country’s leading business centre. This new route is designed to meet customer demand in this heavily travelled market, with a large business travel component, and complement our recently resumed Montreal-Toronto Island airport service. It is a further example of how Air Canada is rebuilding its network, including by adding new routes and destinations in our determination to emerge from the pandemic an even stronger airline,” said Mark Galardo, Senior Vice President, Network Planning and Revenue Management at Air Canada.

Air Canada presently operates five return flights daily between Toronto Island and Montreal. The schedule for the new Toronto Island-Ottawa service beginning October 31, 2021 is:

FlightDepartsArrivesDays of Operation
AC 8950Toronto Island at 07:00Ottawa at 07:59     Daily
AC 8954Toronto Island at 08:35Ottawa at 09:34     Daily
AC 8960Toronto Island at 17:00Ottawa at 17:59     Daily
AC 8962Toronto Island at 18:00Ottawa at 18:59     Daily
AC 8953Ottawa at 07:00Toronto Island at 08:04     Daily
AC 8955Ottawa at 08:30Toronto Island at 09:34     Daily
AC 8961Ottawa at 16:25Toronto Island at 17:29     Daily
AC 8963Ottawa at 18:30Toronto Island at 19:34     Daily

The service will be operated by Air Canada Express Jazz with a De Havilland Dash 8-400 featuring a complimentary snack and drink. All customers can collect and redeem Aeroplan Points through Canada’s leading loyalty program when travelling with Air Canada, and eligible customers have access to priority check-in, Maple Leaf Lounges where available at Canadian airports, priority boarding and other benefits.  Air Canada’s commercial schedule may be adjusted as required based on the COVID-19 trajectory and government restrictions.

Air Canada offers its customers complimentary shuttle bus service between downtown and the Toronto City Airport. The shuttle brings travellers to and from the west entrance of The Fairmont Royal York Hotel, located at the corner of Front and York streets, directly across from Union Station.

About Air Canada

Air Canada is Canada’s largest domestic and international airline, and in 2019 was among the top 20 largest airlines in the world. It is Canada’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax. In 2020, Air Canada was named Global Traveler’s Best Airline in North America for the second straight year. In January 2021, Air Canada received APEX’s Diamond Status Certification for the Air Canada CleanCare+ biosafety program for managing COVID-19, the only airline in Canada to attain the highest APEX ranking. Air Canada has also committed to a net zero emissions goal from all global operations by 2050. 

Air Canada Resumes Service Between Montreal and Toronto Island Airport Beginning September 8

MONTREAL, Sept. 3, 2021 /CNW Telbec/ – Air Canada today announced it will resume service to Billy Bishop Toronto City Airport on Toronto Island beginning September 8, 2021 with five daily return flights to Montreal. Seats are available for booking at aircanada.com, via the Air Canada App, Air Canada’s Contact Centres and travel agencies.

“We are pleased to restart our operations at Billy Bishop airport and offer our customers the choice to fly in and out of Toronto Island, which is popular among business travellers for its proximity to the city centre and its ability to connect travellers to our global network through Montreal. Our schedule enables travellers to conveniently fly between Montreal and Toronto Island Airport up to five times per day, linking the two key business and cultural centres as we continue to play our part to reinvigorate Canada’s economy. We look forward to welcoming our customers back on board and expanding our daily service as more traffic returns,” said Mark Galardo, Senior Vice President, Network Planning and Revenue Management at Air Canada.

Air Canada’s Toronto Island-Montreal Service

FlightDepartsArrivesDays of Operation
AC7952Toronto at 07:15Montreal at 08:27Daily
AC7958Toronto at 10:20Montreal at 11:33Daily
AC7970Toronto at 16:15Montreal at 17:28Daily
AC7976Toronto at 17:15Montreal at 18:28Daily
AC7974Toronto at 18:20Montreal at 19:33Daily
AC7959Montreal at 07:30Toronto at 08:49Daily
AC7955Montreal at 08:30Toronto at 09:49Daily
AC7965Montreal at 13:30Toronto at 14:49Daily
AC7971Montreal at 16:30Toronto at 17:49Daily
AC7975Montreal at 18:30Toronto at 19:49Daily

Service to Toronto Island will be operated by Air Canada Express Jazz with a De Havilland Dash 8-400 featuring a complimentary snack and drink. All customers can collect and redeem Aeroplan Points through Canada’s leading loyalty program when travelling with Air Canada, and eligible customers have access to priority check-in, Maple Leaf Lounges at Canadian airports, priority boarding and other benefits.  Air Canada’s commercial schedule may be adjusted as required based on the COVID-19 trajectory and government restrictions.

Air Canada offers its customers complimentary shuttle bus service between downtown and Toronto City Airport. The shuttle brings travellers to and from the west entrance of The Fairmont Royal York Hotel, located at the corner of Front and York streets, directly across from Union Station.

About Air Canada

Air Canada is Canada’s largest domestic and international airline and, in 2019, was among the top 20 largest airlines in the world. It is Canada’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax. In 2020, Air Canada was named Global Traveler’s Best Airline in North America for the second straight year. In January 2021, Air Canada received APEX’s Diamond Status Certification for the Air Canada CleanCare+ biosafety program for managing COVID-19, the only airline in Canada to attain the highest APEX ranking. Air Canada has also committed to a net zero emissions goal from all global operations by 2050. 

Chorus Aviation Announces Second Quarter 2021 Financial Results

Q2 2021 Key Metrics

  • Net income of $21.5 million, or $0.12 per basic share; a quarter-over-quarter decrease of $7.6 million primarily due to the continued impact of COVID-19 on results related to off-lease aircraft, negotiated amendments to certain lease agreements including extensions, the 2021 CPA amendments and lower unrealized foreign exchange gains of $10.7 million.
  • Adjusted net income1 of $11.4 million, or $0.06 per basic share; a decrease of $10.3 million quarter-over-quarter primarily due to the previously noted impact of COVID-19 on results and a reduction in earnings due to a lower US dollar foreign exchange rate.
  • Adjusted EBITDA1 of $76.9 million; a decrease of $14.2 million over second quarter 2020.
  • Liquidity of $177.9 million.
  • Collected approximately 67.0% of the Regional Aircraft Leasing segment’s lease revenue in the second quarter.

Recent Accomplishments

  • Revised capacity purchase agreement (‘CPA’) with Air Canada, enhancing Jazz’s position as the exclusive Air Canada Express operator of 70-78 seat regional capacity until the end of 2025 with the addition of 25 Embraer 175s to the Covered Fleet, and is currently the sole provider of Air Canada Express services.
  • Completed a public offering and concurrent private placement for gross proceeds of $145.1 million.
  • Remarketed three Dash 8-400s to two new leasing customers, Sky Alps of Italy (two aircraft) and one Dash 8-400 to National Jet Express, a subsidiary of Australian aviation operator, Cobham Aviation Services.
  • Secured a three-year contract with Purolator for air cargo charter services, executing on Chorus’ growing capabilities in this market segment.
  • Awarded a three-year contract to upgrade and modify Transport Canada’s National Aerial Surveillance Program fleet of three Dash 8-100 and one Dash 7-100 aircraft with new surveillance equipment.
  • Awarded a new five-year contract to provide fixed-wing air ambulance service for Ambulance New Brunswick further extending its 25-year relationship.
  • Awarded, in partnership with General Dynamics Mission Systems – Canada, an eight-year contract for the in-service support of the Canadian Armed Forces manned airborne intelligence surveillance and reconnaissance program.
  • Executed long-term leases with Connect Airlines for two off-lease Dash 8-400s, marking the successful placement of all Dash 8-400s repossessed in 2020 and reducing the number of off-lease aircraft from 13 to eight.

HALIFAX, NS, Aug. 11, 2021 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) today announced second quarter 2021 financial results.

“Our second quarter delivered net earnings of $0.12 per basic share or $0.06 on an adjusted basis. We are managing our business well through these unprecedented times and continue to report positive financial results. While our second quarter earnings were negatively impacted by certain aircraft being off-lease, negotiation of certain lease amendments including extensions, the 2021 CPA amendments, and a lower US dollar exchange rate, I am pleased with the progress made in reducing debt and the stability we are seeing in lease rent collections,” stated Joe Randell, President and Chief Executive Officer, Chorus Aviation Inc.

“On the leasing front, with the addition of Connect Airlines of Boston as a new leasing customer, we’ve now remarketed all of our off-lease Dash 8-400 aircraft. We repossessed these aircraft in 2020 and reconfigured them for return-to-service at our facilities in North Bay and Halifax. I’m proud of our team’s collaborative efforts in finding opportunities and delivering integrated solutions to place these assets with new customers in this very challenging environment.

“Our recent contract awards at Voyageur have expanded our reach into cargo operations and special mission work in the aerospace and defense sectors. Work under our new contract with Transport Canada has begun and we anticipate beginning to generate revenue at the end of the third quarter. Our new partnership with General Dynamics Mission Systems – Canada is in the initial stages as we prepare for the first aircraft arrival scheduled in September with the expectation of being fully operational by the third quarter of 2022.

“The transition of the E175s into the Air Canada Express fleet is progressing very well, and we anticipate completing the induction of these 25 aircraft by the end of this month. We’re very pleased to be recalling employees as regional flying resumes.

“Overall, I’m pleased with how we’re navigating through this ongoing crisis. We’ve created additional balance sheet flexibility by significantly reducing our adjusted net debt, and we’re successfully remarketing off-lease aircraft by putting these assets to good work with new customers,” concluded Mr. Randell.

Continue reading