Chorus Aviation declares CAN 0.075 dividend on class A,B shares

Canadian airline operator Chorus Aviation Inc (TSX: CHR.B) said it will pay a quarterly dividend of CAN 0.075 per class A and class B share payable on or after October 17 2013 to shareholders of record at the close of business on September 30 2013.

These dividends qualify as eligible dividends in Canada and qualifying dividends in the United States.

Chorus Aviation Inc was incorporated on September 27, 2010 and is a dividend-paying holding company which owns Jazz Aviation LP and Chorus Leasing III Inc.

Jazz Aviation is wholly owned by Chorus Aviation Inc. There are two airline divisions operated by Jazz Aviation LP: Air Canada Express and Jazz.

Under a capacity purchase agreement with Canada´s flag carrier Air Canada, Jazz provides service to and from lower-density markets as well as higher-density markets at off-peak times throughout Canada and to and from certain destinations in the United States.

Jazz currently operates scheduled passenger service on behalf of Air Canada with approximately 790 departures per weekday to 78 destinations in Canada and in the United States with a fleet of Canadian-made Bombardier aircraft.

Under the Jazz brand, the airline offers charters throughout North America with a dedicated fleet of five Bombardier (TSX: BBD-B) aircraft for corporate clients, governments, special interest groups and individuals seeking more convenience.

Jazz also has the ability to offer airline operators services such as ground handling, dispatching, flight load planning, training and consulting.

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