Chorus Aviation announces dividend and deal

Jazz Aviation’s parent company has announced an August dividend of four cents per share and the completion of its deal to buy an Embraer 190 aircraft which is on lease to KLM Cityhopper.

“We are thrilled to welcome KLM Cityhopper as a new lessee in our portfolio, and look forward to building a mutually-rewarding relationship with this high-calibre customer,” Steven Ridolfi, Chorus Aviation Capital’s president, said in a statement.

The Halifax-based company’s stock, which trades on the Toronto Stock Exchange under the CHR symbol, nudged up about two per cent in trading Tuesday afternoon.

Chorus has a market capitalization of about $990.9 million and also owns Voyageur Aviation.

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