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,”
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.