The company will also suspend its dividend following its regular monthly payment to shareholders of four cents per share on April 17 in an effort to preserve cash and help strengthen its balance sheet. The Company offers a range of regional aviation support services. HALIFAX -- The board of directors has also taken a 25 per cent cut in fees. We hope to have this fixed soon. Also available in French and Mandarin. The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures.Audio for this article is not available at this time. Chorus Aviation Inc. on April 6 announced it would be temporarily laying off approximately 3,000 employees in a statement describing its response to the coronavirus pandemic.
Read our Please log in to listen to this story. "While the majority of employees impacted are in operations -- pilots, flight attendants, customer service agents and line and heavy maintenance -- reductions will occur throughout the organization and include management and administrative employees," spokeswoman Manon Stuart said. Chorus' vision is to deliver regional aviation to the world. Air Canada planes are seen in this undated file image. About Chorus Aviation Inc. If you would like to write a letter to the editor, please forward it to Welcome to The Globe and Mail’s comment community. Air Canada Express flying has been reduced by approximately 90 per cent for April and May, resulting in significant temporary employee reductions, Chorus said. Chorus Aviation is a Canadian holding company which owns regional airlines Jazz Aviation LP and Voyageur Airways as well as lessor Chorus Aviation Capital.. Published Monday, April 6, 2020 10:13AM EDT
Chorus is a global provider of integrated regional aviation solutions.
Chorus Aviation Inc. is suspending its dividend, temporarily laying off staff and cutting executive salaries as it deals with the fallout from COVID-19. Chorus Aviation Inc. is suspending its dividend, temporarily laying off staff and cutting executive salaries as it deals with the fallout from COVID-19.The company, which operates regional aircraft for Air Canada, said its main customer and partner has slashed its network-wide capacity in the second quarter.Air Canada Express flying has been reduced by approximately 90 per cent for April and May, resulting in significant temporary employee reductions, Chorus said.About 3,000 workers have been placed on temporary layoff or off-duty status, the company said in an e-mail.“While the majority of employees impacted are in operations – pilots, flight attendants, customer service agents and line and heavy maintenance – reductions will occur throughout the organization and include management and administrative employees,” spokeswoman Manon Stuart said.The company will also suspend its dividend after its regular monthly payment to shareholders of four cents a share on April 17 in an effort to preserve cash and help strengthen its balance sheet.In addition, chief executive Joe Randell will forgo 70 per cent of his salary and members of the executive team will forgo up to 50 per cent of their salary, the company said.The board of directors has also taken a 25-per-cent cut in fees.Welcome to The Globe and Mail’s comment community.
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HALIFAX, April 6, 2020 /CNW/ – Chorus Aviation Inc. (‘Chorus’ or the ‘Company’) provides the following update on the impact of the coronavirus (COVID-19) outbreak on its business and its initiatives to preserve liquidity.. In addition, chief executive Joe Randell will forgo 70 per cent of his salary and members of the executive team will forgo up to 50 per cent of their salary, the company said. Non-subscribers can read and sort comments but will not be able to engage with them in any way.