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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
Jazz Air
{{Airlines of Canada Companies listed on the Toronto Stock Exchange Air Canada Airline holding companies of Canada Companies based in Halifax, Nova Scotia Canadian companies established in 2006 Holding companies established in 2006
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
ACE Aviation Holdings Inc. was a Canadian holding company that was the former parent company of Air Canada. It was headquartered in Montreal. In 2012, the company signified its intent to dissolve, and was dissolved in 2024.
History
ACE Aviation ...
divested part of its interests in their regional airline business in an IPO
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
. In 2008, ACE Aviation Holdings sold its remaining participation in the company. 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.
In February 2011, Chorus reported that revenues had improved and that it had invested in the Uruguay
Uruguay, officially the Oriental Republic of Uruguay, is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north and northeast, while bordering the Río de la Plata to the south and the A ...
an airline Pluna
PLUNA Líneas Aéreas Uruguayas S.A. was the flag carrier of Uruguay. It was headquartered in Carrasco, Montevideo and operated scheduled services within South America, as well as scheduled cargo and charter services from its hub at Carrasco ...
. 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
Air charter is the business of renting an entire aircraft (i.e., chartering) as opposed to individual aircraft seats (i.e., purchasing a ticket through a traditional airline).
Regulation
Charter – also called air taxi or ad hoc – flight ...
company Voyageur Airways in 2015. Voyageur Airways provides chartered aircraft to the United Nations
The United Nations (UN) is the Earth, global intergovernmental organization established by the signing of the Charter of the United Nations, UN Charter on 26 June 1945 with the stated purpose of maintaining international peace and internationa ...
in support of various programmes in Africa.
On February 8, 2019, Chorus Aviation agreed to purchase nine CRJ900
The Bombardier CRJ700 series is a family of regional jet airliners that were designed and manufactured by Canadian transportation conglomerate Bombardier (formerly Canadair). Officially launched in 1997, the CRJ700 made its maiden flight on 27 ...
regional jets from Bombardier in a deal valued at US$437 million. The aircraft are operated by Chorus subsidiary, Jazz Aviation, and were delivered in 2020.
In May 2022, it was announced Chorus has acquired the UK-based company, Falko Regional Aircraft Limited.
References
External links
*Jazz Air
{{Airlines of Canada Companies listed on the Toronto Stock Exchange Air Canada Airline holding companies of Canada Companies based in Halifax, Nova Scotia Canadian companies established in 2006 Holding companies established in 2006