Until zero-emission technology can reach the level of regular operations for commercial airliners, aviation operators such as airlines and aircraft lesso.
Chorus Aviation Announces Second Quarter 2021 Financial Results centreforaviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centreforaviation.com Daily Mail and Mail on Sunday newspapers.
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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