HALIFAX, NS, Aug. 8, 2026 /CNW/ — Jazz Aviation LP (‘Jazz’) announced today that the tentative agreement with the Canadian Airline Dispatchers Association (‘CALDA’) reached on July 28, 2026, has been ratified by its flight dispatch employees. CALDA represents the 56 flight dispatch employees at Jazz. The new three-year collective agreement provides industry-competitive wage increases and other enhancements.
About Jazz Aviation LP
Jazz is the largest regional airline in Canada and the primary operator of Air Canada Express flights to 65 destinations across North America. Jazz has been honoured as one of Canada’s Best Diversity Employers; with a 5-Star Diversity, Equity and Inclusion Employer award; an Indigenous Reconciliation award from the Government of Canada for outstanding commitment to reconciliation with Indigenous peoples; recognized as Canada’s Safest Employer in the Public Transportation category at Canada’s Safest Employers; and as one of Atlantic Canada’s and Nova Scotia’s Top Employers. These achievements, along with Jazz’s proven track record of industry leadership and exceptional customer service, create and deliver value to stakeholders. Jazz is a wholly owned subsidiary of Chorus Aviation Inc.
HALIFAX, NS, July 28, 2026 /CNW/ — Today, Jazz Aviation LP (‘Jazz’) has reached a tentative agreement with the Canadian Airline Dispatchers Association (‘CALDA’) – the union representing its 57 flight dispatchers. The new labour agreement is subject to ratification. Additional information will be available upon ratification.
About Jazz Aviation LP
Jazz is the largest regional airline in Canada and the primary operator of Air Canada Express flights to 65 destinations across North America. Jazz has been honoured as one of Canada’s Best Diversity Employers; with a 5-Star Diversity, Equity and Inclusion Employer award; an Indigenous Reconciliation award from the Government of Canada for outstanding commitment to reconciliation with Indigenous peoples; recognized as Canada’s Safest Employer in the Public Transportation category at Canada’s Safest Employers; and as one of Atlantic Canada’s and Nova Scotia’s Top Employers. These achievements, along with Jazz’s proven track record of industry leadership and exceptional customer service, create and deliver value to stakeholders. Jazz is a wholly owned subsidiary of Chorus Aviation Inc. Flyjazz.com
Stable Cash Flow Profile, Strategic Expansion, Continued Capital Returns
Net income of $7.0 million compared to a net income of $18.9 million for Q1 2025.
Adjusted Net Income1 of $12.6 million compared to $15.4 million for Q1 2025.
Adjusted Net Income per Common Share, basic of $0.54 compared to $0.57 for Q1 2025.
Adjusted EBITDA of $44.3 million compared to $56.9 million for Q1 2025.
Free Cash Flow of $27.0 million compared to $40.6 million for Q1 2025.
Free Cash Flow per Common Share, basic of $1.16 compared to $1.51 for Q1 2025.
Adjusted Net Debt/Adjusted EBITDA ratio of 1.5 compared to 1.7 at December 31, 2025.
HALIFAX, NS, May 7, 2026 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) today announced its first quarter 2026 financial results.
“Our first quarter results were in line with expectations, reflecting the stability of our contracted business and consistent execution across the organization,” said Colin Copp, President and Chief Executive Officer, Chorus. “During the quarter, we advanced our strategy to diversify and strengthen our platform, including the acquisition of KADEX Aero Supply, which expands our high-margin aftermarket capabilities and enhances our position in the aviation supply chain and defence markets. We ended the quarter with strong liquidity and a leverage ratio of 1.5x, providing flexibility to invest in growth while continuing to return capital to shareholders.”
“Together with the declaration of our quarterly dividend, ongoing aircraft monetization and continued share repurchases, these actions reflect our disciplined approach to capital allocation and confidence in the long-term strength and cash flow profile of the business,” added Mr. Copp.
In the first quarter of 2026, Chorus reported Adjusted EBITDA of $44.3 million, a decrease of $12.6 million compared to the first quarter of 2025 primarily due to:
a decrease in aircraft leasing revenue under the CPA of $5.0 million primarily due to expected changes in lease rates on certain aircraft and a lower US dollar exchange rate;
a contracted decrease in Fixed Margin of $4.1 million;
a decrease in Voyageur’s parts sales and contract flying; and
a decrease in capitalization of major maintenance overhauls on owned aircraft of $2.3 million; partially offset by
a decrease in general administrative expenses primarily attributable to lower overhead costs.
Adjusted Net Income was $12.6 million for the quarter, a decrease of $2.7 million compared to the first quarter of 2025 primarily due to:
a $12.6 million decrease in Adjusted EBITDA as previously described; partially offset by
a positive change in foreign exchange of $4.6 million;
a decrease of $3.0 million in income tax expense;
a decrease in depreciation expense of $1.8 million primarily attributable to the sale of certain aircraft; and
a decrease in net interest costs of $0.4 million primarily related to the repayment of the Series B Debentures and the partial repurchase of the Series C Debentures in the first quarter of 2025; offset by lower interest revenue.
Net income was $7.0 million, a decrease of $11.9 million compared to the first quarter of 2025 primarily due to:
the previously noted decrease in Adjusted Net Income of $2.7 million;
a negative change in net unrealized foreign exchange of $8.6 million; and
an increase in strategic advisory fees of $0.8 million; partially offset by
a decrease in income tax, including tax on adjusted items of $0.2 million.
Completed KADEX Acquisition
On April 1, 2026, Chorus completed the acquisition of KADEX for a net purchase price of $50.0 million and expects the acquisition to be immediately accretive to earnings and Free Cash Flow, with anticipated mid-teens returns.
Progressed Aircraft Sales
In 2025, Chorus executed agreements to sell nine Dash 8-400s as they exit the fleet in accordance with the CPA for estimated net proceeds of US $62.0 million, subject to customary closing conditions. Four aircraft have been sold to-date, with the remaining five expected to close by July 2026 generating net proceeds of approximately US $36.4 million.
About Chorus Aviation Inc.
Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; KADEX Aero Supply, an original equipment manufacturers (OEM) aircraft parts distributor and provider of repair and overhaul services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines and Elisen & Associates, a provider of aerospace engineering and certification services. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training.
HALIFAX, NS, April 14, 2026 /CNW/ – Jazz Aviation LP (“Jazz”) is pleased to share that it has once again been named one of Atlantic Canada’s and Nova Scotia’s Top Employers, marking the 15th consecutive year the company has received these distinctions. With a longstanding presence in the region, including its head office in Halifax, Jazz employs over 800 Atlantic Canadians.
“Being recognized among Atlantic Canada’s and Nova Scotia’s Top Employers is something we’re very proud of,” said Doug Clarke, President, Jazz. “These awards belong to our people. Their professionalism, dedication, and commitment to one another are what make Jazz a great place to work.”
Mediacorp Canada Inc.’s Top Employers awards recognize organizations that lead their industries in offering exceptional workplaces. Employers are evaluated on criteria including physical workplace, work and social atmosphere, health, financial and family benefits, vacation and time off, employee communications, performance management, training and skills development, and community involvement.
About Jazz Aviation LP
Jazz is the largest regional airline in Canada and the primary operator of Air Canada Express flights to 69 destinations across North America. In addition to today’s recognition as one of Atlantic Canada’s and Nova Scotia’s Top Employers, Jazz has been honoured as one of Canada’s Best Diversity Employers; with a 5-Star Diversity, Equity and Inclusion Employer award; an Indigenous Reconciliation award from the Government of Canada for outstanding commitment to reconciliation with Indigenous peoples; and recognized as Canada’s Safest Employer in the Public Transportation category at Canada’s Safest Employers. These achievements, along with Jazz’s proven track record of industry leadership and exceptional customer service, create and deliver value to stakeholders. Jazz is a wholly owned subsidiary of Chorus Aviation Inc. (TSX: CHR). Flyjazz.com
HALIFAX, NS, April 1, 2026 /CNW/ – Chorus Aviation Inc. (“Chorus“) (TSX: CHR) today announced it has completed the acquisition of Kadex Aero Supply Ltd., a leading independent distributor of original equipment manufacturers (OEM) aircraft parts, supplies, and repair and overhaul services. The acquisition was announced on February 12, 2026.
About Chorus Aviation Inc.
Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines and Elisen & Associates, a provider of aerospace engineering and certification services. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training.
HALIFAX, NS, March 23, 2026 /CNW/ – Chorus Aviation Inc. (TSX: CHR) (“Chorus“) confirms that it has been advised of an accident involving flight AC8646 operated by a CRJ900 aircraft by its subsidiary, Jazz Aviation LP (“Jazz“), operating as Air Canada Express. The accident occurred at LaGuardia (LGA) at approximately at approximately 11:47PM local time on March 22, 2026. The flight was en route to LGA from Montréal (YUL) and collided with a fire truck on the runway upon landing at New York LaGuardia (LGA).
Officials with the Port Authority of New York and New Jersey confirmed that the pilot and the first officer were killed in this accident. Jazz is working to support family members and employees at this difficult time. Our thoughts are with the families and loved ones affected.
“The entire Chorus family is mourning the loss of our Jazz colleagues,” said Colin Copp, President and Chief Executive Officer, Chorus. “Chorus is standing firmly behind the Jazz team, ensuring they have every support necessary as they look after those affected by this tragedy.”
Jazz is fully cooperating with the investigating authorities involved in the investigation. Jazz is continuing to operate its regularly scheduled flights in the ordinary course.
For additional operational details, please refer to Jazz’s statement issued earlier. Further updates will be provided as information becomes available and appropriate.
About Chorus Aviation Inc.
Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines and Elisen & Associates, a leading provider of aerospace engineering and certification services. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: contract flying; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training.
HALIFAX, NS, Feb. 24, 2026 /CNW/ – For the fifteenth consecutive year, Jazz Aviation LP (‘Jazz’) has been named one of Canada’s Best Diversity Employers by Mediacorp Canada Inc., reflecting the company’s long-standing commitment to diversity, equity, inclusion and accessibility across its workforce.
“Diversity, equity, inclusion and accessibility are foundational to our workplace culture,” said Doug Clarke, President, Jazz. “Being recognized for the 15th year in a row reflects the dedication of our people and our ongoing commitment to creating an environment where everyone feels respected, supported, and able to thrive.”
Canada’s Best Diversity Employers recognizes the nation’s top employers for their exceptional workplace diversity and inclusiveness programs. The competition highlights successful diversity initiatives in key areas, including programs for employees from five groups: women; members of visible minorities; persons with disabilities; Indigenous peoples; and lesbian, gay, bisexual, and transgender (LGBT) individuals.
About Jazz Aviation LP
Jazz is the largest regional airline in Canada and the primary operator of Air Canada Express flights to 68 destinations across North America. In addition to today’s recognition as one of Canada’s Best Diversity Employers, Jazz has been honoured with a 5-Star Diversity, Equity and Inclusion Employer award, an Indigenous Reconciliation award from the Government of Canada for outstanding commitment to reconciliation with Indigenous peoples, named a Top Employer for Atlantic Canada and Nova Scotia, and recognized as Canada’s Safest Employer in the Public Transportation category at Canada’s Safest Employers. These achievements, along with Jazz’s proven track record of industry leadership and exceptional customer service, create and deliver value to stakeholders. Jazz is a wholly owned subsidiary of Chorus Aviation Inc. (TSX: CHR). Flyjazz.com
Announces 38% Increase in Quarterly Dividend, Up to $100 million in Planned Share Buybacks Over Four Years and Agreement to Acquire Kadex Aero Supply1
Fourth quarter net income from continuing operations of $16.7 million, a quarter-over-quarter increase of $66.1 million.
Full year net income from continuing operations of $78.7 million, a year-over-year increase of $94.5 million.
Purchased and cancelled 3,759,929 Common Shares, approximately 14% of the December 31, 2024 outstanding Common Shares, for $85.2 million.
Increased quarterly dividends by 38% bringing it to $0.11 per Common Share, up from $0.08 when initiated in June 2025.
Announced up to $100 million in planned Common Share buybacks over the next four years.
Full year Adjusted Earnings available to Common Shareholders of $58.6 million, a year-over-year increase of $32.0 million.
Full year Adjusted Earnings available to Common Shareholders of $2.27 per Common Share, basic, for the year compared to $0.97 for 2024.
Full year Adjusted EBITDA of $206.9 million, a year-over-year decrease of $2.2 million.
Full year Free Cash Flow of $135.3 million, a year-over-year increase of $16.5 million.
Announced agreement to acquire Kadex Aero Supply Limited (“Kadex”), a distributor of aircraft parts and supplies, for a purchase price of approximately $50.0 million.
HALIFAX, NS, Feb. 12, 2026 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) today announced its fourth quarter 2025 financial results.
“Today’s announcements mark exciting milestones for Chorus, reflecting our execution against our strategy. Our financial results demonstrate strong and stable performance throughout the quarter and year,” said Colin Copp, President and Chief Executive Officer, Chorus. “With our 38% increase in our quarterly dividend, up to $100 million in planned share buybacks over the next four years, and our agreement to acquire Kadex, we are demonstrating our focus on accelerating growth as well as enhancing shareholder returns.”
“Our decision to increase our quarterly dividend to $0.11 per common share reflects our strong Free Cash Flow as well as confidence in the long‑term trajectory of our business. At the same time, our planned share repurchases underscore our commitment to shareholder value,” said Mr. Copp. “Since the beginning of 2025 alone, we have returned over $89 million to shareholders through our dividends and share repurchases.”
“The acquisition of Kadex demonstrates Chorus’ ability to execute against our growth strategy of building higher‑margin platforms and enhancing our overall cash flows. Kadex will also further strengthen our overall aviation, aerospace and defence platforms.”
Q4 Financial Highlights:
Net income of $16.7 million compared to a loss of $6.6 million for Q4 2024.
Net income from continuing operations of $16.7 million compared to a net loss of $49.4 million for Q4 2024 primarily due to a positive change in unrealized foreign exchange gains of $28.2 million and the absence of the costs recognized in 2024 related to the redemption of the Preferred Shares of $28.0 million and a 2024 aircraft impairment of $10.5 million.
Adjusted Earnings available to Common Shareholders of $13.8 million compared to $9.3 million for Q4 2024, primarily due to lower net interest expense partially offset by lower Adjusted EBITDA.
Adjusted Earnings available to Common Shareholders of $0.57 per Common Share, basic, compared to $0.34 for Q4 2024.
Adjusted EBITDA of $47.1 million compared to $51.0 million for Q4 2024.
Free Cash Flow of $27.0 million compared to $27.5 million for Q4 2024.
Free Cash Flow per Common Share, basic of $1.10 compared to $1.01 for Q4 2024.
Leverage Ratio of 1.7 compared to 1.4 at December 31, 2024, due to additional cash held at December 31, 2024 as a result of a $58.9 million prepayment of revenue relating to January 2025.
Annual Highlights:
Net income of $78.7 million compared to a net loss of $156.4 million for 2024.
Net income from continuing operations of $78.7 million compared to a net loss of $15.8 million for 2024 primarily due to a change in unrealized foreign exchange gains of $43.7 million and the absence of the costs recognized in 2024 related to the redemption of the Preferred Shares of $28.0 million and the 2024 aircraft impairment of $10.5 million.
Adjusted Earnings available to Common Shareholders of $58.6 million compared to $26.6 million for 2024, primarily due to lower net interest expense.
Adjusted Earnings available to Common Shareholders of $2.27 per Common Share, basic, compared to $0.97 for 2024.
Adjusted EBITDA of $206.9 million compared to $209.0 million for 2024.
Free Cash Flow of $135.3 million compared to $118.8 million for 2024.
Free Cash Flow per Common Share, basic of $5.25 compared to $4.34 for 2024.
Portfolio of Aircraft Leasing under the CPA
Current fleet of 47 wholly-owned aircraft and five spare engines
Current net book value of $720.5 million
Future contracted lease revenue US $300.6 million
Current weighted average fleet age of 9.4 years
Current weighted average remaining lease term of 4.0 years
Long-term debt of $261.3 million (US $190.6 million)
100% of debt has a fixed rate of interest
Current weighted average cost of borrowing of 3.29%
Jazz has started the initial phase of an extensive cabin refurbishment program for aircraft operated under the Air Canada Express brand. This refurbishment program includes upgraded Wi-Fi connectivity, larger overhead storage bins, new lightweight seats, in-seat power supply, and refreshed cabin interiors for the E-175s and CRJ900s. In addition, a select number of Dash 8-400s will receive Wi-Fi connectivity for Toronto Billy Bishop service along with Jazz’s previous announcement in May 2024 that its Dash 8-400 fleet would receive new lightweight seats as part of an emissions reduction initiative. All 39 owned aircraft leased under the CPA after 2026 are included in this passenger cabin refurbishment program with all costs associated with the program to be paid by Air Canada.
About Chorus Aviation Inc.
Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines and Elisen & Associates, a leading provider of aerospace engineering and certification services. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: contract flying; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training.
HALIFAX, NS, Feb. 12, 2026 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) is pleased to announce that it has entered into an agreement to acquire Kadex Aero Supply Ltd. (‘Kadex’), a leading independent distributor of aircraft parts, supplies and repair and overhaul services. The acquisition is expected to close during the second quarter of 2026.
Kadex, a private company founded by principals John Lavery and Ken Blow in 1994, generated approximately $60 million1 in revenue in 2025. Kadex employs approximately 50 people across two locations, with its main location in Peterborough, Ontario and a regional supply location in Calgary, Alberta. The company’s strong partnerships with over 70 different original equipment manufacturers (‘OEM’) and deep technical expertise provide its customers with value-added one-stop shopping.
“This acquisition represents a significant step forward in our strategy to grow and diversify Chorus’ aviation, aerospace and defence services,” said Colin Copp, President and Chief Executive Officer, Chorus. “Kadex is a highly respected company with strong OEM and customer relationships and has a proven operating model with a growing revenue stream that is expected to enhance the durability of our earnings profile.”
“Kadex will add a complementary platform to our used serviceable materials business, delivering consistent cash flows aligned with our long‑term focus on shareholder value,” noted Mr. Copp. “We look forward to welcoming John, Ken, and the entire Kadex team to Chorus, as they continue to build on the strong foundation they have created for the Kadex brand and reputation.”
“Over the past 30 plus years, we have been focused on building a leading company committed to servicing our customers’ aviation supply needs. Becoming part of the Chorus family of businesses is an exciting next step for Kadex and our employees – and we look forward to working with the Chorus team as we continue to grow our business,” said John Lavery, President and CEO, Kadex.
Acquisition Details
On February 12, 2026, Chorus entered into an agreement to acquire Kadex for total consideration of approximately $50 million, subject to customary adjustments inclusive of contingent consideration. The purchase price will be funded by $43 million in cash with the remainder of the purchase price payable over the next two years subject to meeting certain performance targets. This acquisition is subject to customary closing conditions and is expected to close during the second quarter of 2026.
The acquisition is expected to be immediately accretive to Chorus’ earnings and cash flow from the date of closing and Kadex will significantly expand and grow our aircraft parts sales business. The acquisition of Kadex will be financed through cash.
This acquisition aligns with Chorus’ disciplined approach to capital allocation, focusing on high‑return opportunities while reinforcing stable cash flows and delivering sustainable shareholder value.
Kadex will provide Chorus with enhanced service breadth especially in the aviation parts market, deep customer relationships and advances Chorus’ goal of building a diversified and complementary aviation, aerospace and defence platform.
All dollar amounts are expressed in Canadian dollars.
About Chorus Aviation Inc.
Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines and Elisen & Associates, a leading provider of aerospace engineering and certification services. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: contract flying; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training.
HALIFAX, NS, Dec. 11, 2025 /CNW/ – Jazz Aviation LP (‘Jazz’) announced today that tentative agreements with the Aircraft Mechanics Fraternal Association (AMFA) reached October 18, 2025, have been ratified by its heavy maintenance and line maintenance employees. AMFA represents 320 heavy and 502 line maintenance employees at Jazz. The new five-year collective agreements provide industry-competitive wage increases and other enhancements.
About Jazz Aviation LP
Jazz is the largest regional airline in Canada and the primary operator of Air Canada Express service to 70 destinations across North America. Jazz has received the following awards in 2025: recognition as Canada’s Safest Employer in the Public Transportation category, a 5-Star Diversity, Equity and Inclusion Employer, one of Canada’s Best Diversity Employers, and one of Atlantic Canada’s and Nova Scotia’s Top Employers. Jazz has previously been honoured with an Indigenous Reconciliation award from the Government of Canada for outstanding commitment to reconciliation with Indigenous peoples. These achievements, along with Jazz’s proven track record of industry leadership and exceptional customer service, create and deliver value to stakeholders. Jazz is a wholly owned subsidiary of Chorus Aviation Inc.
