Jazz Air Income Fund to become Chorus Aviation

Jazz Air Income Fund (Halifax) yesterday (November 10) announced that the Ontario Superior Court of Justice granted a final order approving the plan of arrangement providing for the conversion from an income trust to a corporate structure.

Once completed, the transaction will result in the conversion of the Jazz Air Income Fund to a dividend paying public corporation to be named Chorus Aviation Inc., with the trading symbols on the Toronto Stock Exchange of CHR.A, CHR.B and CHR.DB. Per the conversion, Fund unitholders will receive one share of Chorus for each unit held.

Copyright Photo: Brian McDonough. Please click on the photo for additional information.