Corporate Overview
History of aviation leadership.
Vision for new possibilities.
Chorus is an aviation solutions provider to customers worldwide.
Our operating subsidiaries are: Jazz Aviation, the largest regional operator 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; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: aircraft acquisition and leasing; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; and pilot training.
Chorus at a glance*
$1.4B
Total Revenues
$211.6M
Adjusted EBITDA**
135
Aircraft owned, operated and/or operated
450+
Global customers
4,500+
Employees
*As of December 31, 2024
**Adjusted EBITDA is a non-GAAP financial measure that is not a recognized measure for financial statement presentation under GAAP. As such, it does not have a standardized meaning, may not be comparable to similar measures presented by other issuers and should not be considered a substitute for or superior to GAAP results. For further information, refer to Section 19 – Non-GAAP Financial Measures of Management’s Discussion and Analysis of Results of Operations and Financial Discussion for the Fourth Quarter and Year-end 2024.
Our companies
History of Chorus
1980
In the 1980s, Canada deregulated its airline industry to promote competition, efficiency, and consumer choice. Policies were changed to allow carriers to compete on any route within the country, reduce the role of the Canadian Transport Commission, and introduce a new licensing system. Encouragement was given to new entrants and niche markets. As a result, smaller independent regional carriers were launched to serve specific areas that major airlines did not cover.
2000
Merger of Air BC, Air Nova, Air Ontario, Air Alliance and Canadian Regional Airlines, Air Canada’s five wholly owned regional carriers. These carriers became Air Canada Regional Inc.
2002
The Air Canada Jazz brand was launched.
2006
Jazz became an independent public entity completing the Jazz Air Income Fund’s initial public offering (TSX: JAZ.UN). Jazz signed the first fixed fee (CPA) contract with Air Canada, defining the relationship between the two airlines.
2010
Jazz Air Income Fund converted to Chorus Aviation Inc (TSX: CHR). Jazz Aviation LP becomes Chorus’ first subsidiary.
2011
The Air Canada Express brand was launched.
2015
Chorus acquired Voyageur Aviation. The CPA between Jazz Aviation LP and Air Canada is extended to 2025.
2018
Voyageur Avparts launched its end-of-life management program, offering aircraft disassembly, part-out, and recycling services.
2019
The CPA between Chorus and Air Canada for Jazz’s Air Canada Express Operation is extended to 2035. Chorus receives a CAD $97 million equity investment from Air Canada. Voyageur Aviation signed a contract with the United Nations to provide Dash 8-300 aircraft, crew, maintenance, and insurance services in Africa.
2022
Chorus acquires Falko Regional Aircraft, merging it with Chorus Aviation Capital. Brookfield Financial invested CAD $374 million into Chorus.
2023
Chorus announced the shift to the asset-light leasing model at the company’s inaugural investor day. Chorus launched Cygnet Aviation Academy.
2024
After a careful analysis and in an effort to accelerate value creation, Chorus announces an agreement to sell its regional aircraft leasing segment, positioning Chorus to focus on its core competencies in aviation services.