Jazz Air Income Fund announces August distribution
Jazz Air Income Fund announced today that its August cash distribution of $0.05 per Fund unit covering the period from August 1, 2010 to August 31, 2010 will be paid on September 15, 2010 to unitholders of record at the close of business on August 31, 2010.
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.