Jazz Air Income Fund announces August distribution
HALIFAX, Aug. 17 /CNW/ - Jazz Air Income Fund (TSX: JAZ.UN) announced
today that its August cash distribution of $0.0838 per Fund unit covering the
period from August 1, 2007 to August 31, 2007 will be paid on September 17,
2007 to unitholders of record at the close of business on August 31, 2007.
About Air Canada Jazz
Air Canada Jazz is the second largest airline in Canada based on fleet
size and the number of routes operated. Air Canada Jazz operates more flights
and flies to more Canadian destinations than any other Canadian carrier. Air
Canada Jazz forms an integral part of Air Canada's domestic and transborder
market presence and strategy.
Air Canada Jazz is not a typical airline. The airline has a commercial
agreement with Air Canada that is the core of its business. Under the Capacity
Purchase Agreement (CPA), Air Canada currently purchases substantially all of
Air Canada Jazz's fleet capacity based on predetermined rates. The CPA
provides commercial flexibility, low trip costs and connecting network traffic
to Air Canada. Also, the CPA significantly reduces Air Canada Jazz's financial
and business risks, and provides a stable foundation for day-to-day operations
and future growth.