Chorus Aviation Inc. (ticker: CHR_A.TO, exchange: Toronto Stock Exchange (.TO))
News Release -
Air Canada Jazz achieves IOSA Registration
HALIFAX, Feb. 20 /CNW/ - Air Canada Jazz is the second airline in Canada
to be registered under the IATA Operational Safety Audit (IOSA) programme. Air
Canada was the first Canadian carrier to achieve IOSA Registration in April
2005. This achievement demonstrates Jazz's commitment to the highest safety
standards in aviation.
IOSA is one of the most stringent safety and quality audit programmes in
the airline industry. The audit is designed to assess operational management
and control systems of an airline, using over 900 internationally harmonised
standards and recommended practices. These IOSA standards were developed by
over 100 highly experienced airline professionals with assistance from
Transport Canada, the Civil Aviation Safety Authority of Australia and the
U.S. Federal Aviation Administration, all under the guidance and direction of
the International Air Transport Association (IATA). Airlines that have been
audited to full conformity with IOSA standards make a clear, positive
statement about the integrity of their operations and their ability to manage
the associated risks.
"IOSA Registration is especially meaningful to Jazz and its employees,"
said Joe Randell, President and Chief Executive Officer, Air Canada Jazz.
"Safety has always been and will continue to be our top priority. Compliance
with IOSA standards and recommended practices builds on our existing system of
rigorous safety policies, procedures and processes. As a carrier operating
under a capacity purchase agreement business model, IOSA Registration
significantly affirms and strengthens Jazz's position in the marketplace as we
seek new business opportunities."
Air Canada Jazz received the official IOSA Registration following an
intensive audit conducted by Aviation Compliance Solutions from Melbourne,
Australia. The airline is now listed on the IOSA Registry - a publicly
available international listing of all operators in conformity with all IOSA
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 and Air Canada are parties to a Capacity Purchase
Agreement (CPA) pursuant to which Air Canada currently purchases substantially
all of Air Canada Jazz's fleet capacity based on predetermined rates. Air
Canada Jazz provides all crews, airframe maintenance and, in some cases,
airport operations. In turn, Air Canada determines routes and controls
scheduling, ticket prices, product distribution, seat inventories, marketing
and advertising for these flights.
Air Canada Jazz is not a typical airline. Currently, 99% of Air Canada
Jazz's revenues are derived from the CPA. Air Canada Jazz is isolated from
most of the risks typically associated with airlines such as fuel and
navigation costs since these costs are passed-through to Air Canada.
Under the CPA with Air Canada, 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.
As of February 1, 2007 Air Canada Jazz operated scheduled passenger service on
behalf of Air Canada with approximately 802 departures per weekday to 56
destinations in Canada and 29 destinations in the United States with a fleet
of 135 aircraft.Air Canada Jazz is the focal point of Air Canada's regional
passenger strategy. Air Canada Jazz and Air Canada have linked their regional
and mainline networks in order to serve connecting passengers more efficiently
and to provide valuable feed traffic to Air Canada's mainline routes.