Jazz Air Income Fund announces April distribution
Jazz Air Income Fund announced today that its April cash distribution of $0.0838 per Fund unit covering the period from April 1, 2008 to April 30, 2008 will be paid on May 15, 2008 to unitholders of record at the close of business on April 30, 2008.
Chorus Aviation Inc., formerly known as Jazz Air Income Fund, posted a higher fourth-quarter profit helped mostly by tax recovery.Net income for the quarter rose $63.8-million to US$84.6-million, of which US$70-million was the result of a certain tax benefit.Operating revenue jumped 12% to $392.7-million.The company became a corporation and changed its name to Chorus Aviation in January.Shares of the company closed at $5.12 on Monday on the Toronto Stock Exchange.