Chorus Aviation Inc. (ticker: CHR_A.TO, exchange: Toronto Stock Exchange (.TO))
News Release -
Jazz Air Income Fund announces August distributionHALIFAX, Aug. 17, 2007 (Canada NewsWire via COMTEX News Network) -- Jazz Air Income Fund (TSX: JAZ.UN) announced today that its August cash distribution of $0.0838 per Fund unit covering the period from August 1, 2007 to August 31, 2007 will be paid on September 17, 2007 to unitholders of record at the close of business on August 31, 2007.
About Air Canada Jazz
Air Canada Jazz is the second largest airline in Canada based on fleet size and the number of routes operated. Air Canada Jazz operates more flights and flies to more Canadian destinations than any other Canadian carrier. Air Canada Jazz forms an integral part of Air Canada's domestic and transborder market presence and strategy.
Air Canada Jazz is not a typical airline. The airline has a commercial agreement with Air Canada that is the core of its business. Under the Capacity Purchase Agreement (CPA), Air Canada currently purchases substantially all of Air Canada Jazz's fleet capacity based on predetermined rates. The CPA provides commercial flexibility, low trip costs and connecting network traffic to Air Canada. Also, the CPA significantly reduces Air Canada Jazz's financial and business risks, and provides a stable foundation for day-to-day operations and future growth.
SOURCE: JAZZ AIR INCOME FUND
SOURCE: AIR CANADA JAZZ
Media Contacts: Manon Stuart, (902) 873-5054, Halifax, Nova Scotia; Debra Williams,
(519) 659-5696, London, Ontario; www.flyjazz.ca