Chorus Aviation Inc. (CHR) 2020年CSR报告「TSX」.pdf

1、Committed to a sustainable future amid a global pandemicCorporate SustainabilityProgress ReportMay 18,2021TSX:CHRCorporateSustainabilityProgressReport2The worst pandemic in a century devastated the world in 2020,and the airline industry was hit especially hard.The purpose of this update is to provid

2、e our stakeholders with an overview of the pandemics impact on Chorus and the actions we have taken to mitigate the impact of the COVID-19 pandemic on our business and position Chorus for recovery.The COVID-19 pandemic and the resulting government restrictions have created unprecedented challenges f

3、or the passenger aviation industry worldwide.Even though Chorus business model does not directly expose it to the market risks ordinarily faced by airlines,substantially all its source revenue is derived from airline customers,through its capacity purchase agreement(CPA)with Air Canada and its leasi

4、ng of aircraft to airline customers globally.The impact on our employees,our customers,and the communities we serve has been signifjcant.Decreased passenger travel demand for aviation services caused by onerous travel restrictions and health concerns relative to COVID-19 reduced Chorus Jazz operatio

5、ns signifjcantly,as well as for our aircraft leasing customers around the world,and challenged our ability to transition our Voyageur crews to and from international humanitarian air service bases.Despite extended periods of great stress and uncertainty,Chorus employees have shown incredible energy,

6、resilience,and commitment in maintaining the safety and integrity of our operations.I commend them for their determination to ensure we weather this crisis.I am confjdent that the work we have done in the last few years to solidify and diversify our business has positioned us well to manage through