Chorus Aviation, parent of flyJazz, in the first quarter of 2015 generated adjusted EBITDA of $28.0 million excluding foreign exchange loss of $33.9 million on US denominated debt. Chorus also incurred one-time expenses that included a $10.0 million signing bonus for Jazz pilots under the terms of their new collective agreement, and $2.1 million for advisory fees related to the recent amendment to the CPA.   Chorus’ stock based compensation also increased by $5.1 million as a result of a change in accounting policy and increased Chorus share price. “The first quarter of 2015 was the most transformative in our history,”

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