Jazz Air Income Fund announces July distribution
Jazz Air Income Fund announced today that its July cash distribution of $0.0838 per Fund unit covering the period from July 1, 2009 to July 31, 2009 will be paid on August 17, 2009 to unitholders of record at the close of business on July 31, 2009.
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.