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Jazz is sole operator of Air Canada Express flights
25 Embraer 175 aircraft to be added to the Covered Aircraft fleet, increasing the fixed fee margin.
Jazz to provide 100% of Air Canada Express 70+ seat regional capacity until 2025.
Dash 8-300 aircraft to exit the Covered Aircraft fleet.
Controllable cost guardrail receivable capped at $20 million per year, improving working capital; +/- $2.0 million exposure is unchanged.
All other material components of the CPA are unchanged.
HALIFAX, NS, March 15, 2021 /CNW/ - Chorus Aviation Inc. (TSX: CHR) ( Chorus ), parent company of Jazz Aviation LP ( Jazz ), today confirmed the condition precedent to the revisions of the capacity purchase agreement ( CPA ) between Jazz and Air Canada announced on March 1, 2021 has been met. As a result, the amended CPA is effective on a retroactive basis to January 1, 2021. The newly ratified agreement with Jazz pilots, as represented by the Air line Pilots Association Internatio
Jazz Aviation recognized as one of Canada s Best Diversity Employers for the tenth year newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.
/CNW/ - Chorus Aviation Inc. ( Chorus ) (TSX: CHR) is proud to announce that its subsidiary, Jazz Aviation LP ( Jazz ), was named one of Canada s Top Employers.
/CNW/ - Chorus Aviation Inc. ( Chorus ) (TSX: CHR) announced that its subsidiary Jazz Aviation LP ( Jazz ) has been selected as one of Nova Scotia s Top.
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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
MONTREAL, Dec. 30, 2020 /CNW Telbec/ - Air Canada (TSX: AC) (the Company ) announced today the closing of its previously announced overnight marketed public offering of 35,420,000 Class A Variable Voting Shares and/or Class B Voting Shares of the Company ( Shares ) at a price to the public of C$24.00 per Share, for aggregate gross proceeds of approximately C$850 million (the Offering ).
The Company has granted the underwriters an option to purchase up to an additional 15% of the Shares in the Offering, exercisable in whole or in part at any time until 30 days after the date hereof.