February 7, 2011 / 9:45 PM / 7 years ago

UPDATE 1-Chorus Aviation posts higher Q4 results

* Q4 net income up by C$63.8 mln

* Q4 rev up 12 pct

Feb 7 (Reuters) - Chorus Aviation Inc CHRb.TO, formerly known as Jazz Air Income Fund, posted a higher fourth-quarter profit helped mostly by tax recovery.

Net income for the quarter rose C$63.8 million to $84.6 million, of which $70 million was the result of a certain tax benefit.

Operating revenue jumped 12 percent to C$392.7 million.

The company became a corporation and changed its name to Chorus Aviation in January.

Shares of the company closed at C$5.12 on Monday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Vyas Mohan) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

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